Yeah as long as it isn’t focused on short term price.

People are calling for $137,500 bitcoin like they are smarter than Hal Finney.

Hal was one of the OG moonbois, calling for 10MM USD per coin.

Be like Hal. 🌕

Legendary nostr:note1rnsvh3fdvkdsd45y2hm22c9zmkx96ump6rv9f7cljl6350k9qgasjqk7h2

Hello world

GOOD MORNING NOSTR, DESPITE RAMPANT SPECULATION I FAIL TO SEE HOW I BENEFIT FROM ANY OF THIS BULLSHIT. JUST THOUGHT IT SHOULD BE PUBLIC. CONSIDER ZAPPING DEVS WHO BUILD SHIT YOU RELY ON.

RHR WILL BE TOMORROW AT 1800 UTC.

THIS IS NOT CONTROVERSIAL.

IF PEOPLE STOPPED SIMPING AND ASKED SAYLOR HIS OPINION HE WOULD ENCOURAGE YOU TO NOT SUPPORT OPEN SOURCE DEVS.

HE HAS ACTIVELY KILLED DEALS TO SUPPORT DEVS. HE IS PROUD OF IT. HE IS WRONG AND EVERYONE IS TO AFRAID TO SAY SHIT.

When money inflates in supply, employers have the benefit of the status quo, and wage earners have the burden of work to negotiate higher nominal wages to keep up.

The effect is subtle in developing countries, a few percentage points per year, but it's always there behind the scenes. People often have to switch jobs to get proper higher wages, and avoid the anchoring bias from their prior employer. This is all because of dilutive fiat money.

The problem becomes more obvious in developing countries.

For example, the IMF tells Egypt to cut its currency in half relative to the dollar, if it wants some loan relief. It does. Now, every Egyptian wage earner has to try to negotiate a raise to regain some portion of their prior wages in terms of global purchasing power. Virtually all of them will not be able to. And then seven years later they do it again.

But when money deflates in supply, and the unit of account therefore appreciates, wage earners gain the benefit of the status quo in negotiations. If their salaries merely remain the same as averages prices go down, they have gained a raise (which makes sense, with greater experience).

The burden of work shifts to the employer, who has to argue that wages should be cut in line with prices.

I think the magnitude of this effect is poorly understood. If it were more understood, I think a subset of labor-oriented political proponents would appreciate hard money a bit more.