Correct about the king holding 100% but don't worry about it because things will go South long before that.

The difference between the king holding 50% and holding 95% doesn't matter, 10 times the amount of an abstract unit is still an abstract unit. It's like feet vs. meters.

The change in the unit matters though. With the king accumulating gold, or Saylor accumulating Bitcoin or tech companies accumulating dollars, money is withdrawn from circulation and everyone has to recalibrate their yard stick a.k.a. prices. This causes confusion in the system and interrupts the flow of goods and services. You can literally starve with all the grain in the fields.

Just ask dimwits like nostr:npub12262qa4uhw7u8gdwlgmntqtv7aye8vdcmvszkqwgs0zchel6mz7s6cgrkj or nostr:npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s who are losing customers because of a recent recalibration of the ratio of money supply to services offered. They could have asked those questions beforehand but hey despair can be overwhelming and impact your reasoning.

Quite the opposite, the natural tendency for any asset that's not naturally depreciating (money, property, ...) is for it too all end up in the hands of a few.

The reason is that the best strategy is to always acquire and never spend. Anyone ever played the monopoly game knows this.

However when people are forced to spend, like buying a house to live, the poor people are at a disadvantage. Rich people already have everything and can just time the market wait for the best moment with the lowest price. Poor people need to buy right then and there otherwise they'll sleep under a bridge.

We all know that poor people e.g. buy lower quality stuff like cheap clothes, used cars etc. that are actually more expensive in the long run, just because they can't wait to accumulate enough money for the good durable things. It works like that with a shirt and it works like that with acquiring a billion dollar business.

All the artificially durable assets like money and property will end up in the hands of a few, and we already today have 1% of the population owning 50% of the stuff or something like that.

This is why some amount of inflation counteracts this phenomenon to some extent, an actual demurrage on money would be much better. Same with property. Silvio Gesell writes about it in his book on the Natural Economic Order.

So abandon your ideas of passive income and generational wealth. They are bugs in the system. It's much more likely you'll be on the short end of that stick e.g. by starving in a financial crisis than be one of the lucky few on the receiving end.

With email that's kind of how it works today and I don't see how nostr isn't going to go the same way.

Concur. And moonshine.

For a Bitcoiner you think a bit too much and ask too many questions.

Money owned, if it's absolutely never spent, doesn't matter. If it really just sits in a safe somewhere it's as if it doesn't exist in the first place.

The amount of money in circulation matters. However with someone owning a lot there is a risk of them suddenly putting it in circulation and thus suddenly changing the amount of money in circulation. This will cause prices to fluctuate causing price instability. Up or down doesn't matter.

This isn't an abstract problem btw. Fiat currently has problems that are similar. https://www.investors.com/etfs-and-funds/sectors/sp500-companies-stockpile-1-trillion-cash-investors-want-it/

This goes both ways btw, someone being owed a lot of money ("owning" a large negative sum) can suddenly demand loans to be paid back and thus suddenly withdraw a lot of money from circulation with prices again fluctuating. I believe the financial crisis in the USA in the 30's was caused that way.

This is why you need demurrage on money, according to Silvio Gesell's writings. It discourages stockpiling. You'll have to abandon dreams of generational wealth and other outgrowths of capitalism but it'll keep you from starving because of a financial crisis.

Amen brother.

Oooh. Is nathan_day your Twitter account? What's the shop? How much did it cost? Are the prices stable? Does the shop pay their suppliers in Bitcoin?

Try Android?

C'est pas vrai. 🐐

Ou d'autres pays tiers monde comme le Larzac. C'est pareil.

https://nostrcheck.me/media/134743ca8ad0203b3657c20a6869e64f160ce48ae6388dc1f5ca67f346019ee7/nostrcheck.me_5789555828229167101710840342.webp

Dont le plupart dans l'Afrique de l'Ouest. Ça te dit discuter l'élevage de chèvres?

https://nostrcheck.me/media/134743ca8ad0203b3657c20a6869e64f160ce48ae6388dc1f5ca67f346019ee7/nostrcheck.me_4960081960634066011710839493.webp

See there much better

Fuck let me redo this where is the edit button even.

nostr:npub1m4ny6hjqzepn4rxknuq94c2gpqzr29ufkkw7ttcxyak7v43n6vvsajc2jl joined nostr for free speech but when it arrived, she wasn't prepared

Also your friend below didn't answer my questions maybe you could step in and do it in his place?

nostr:note1r0fgd862ykhzu8qtpvqsyxge8fwlegdnt6uwx45hyvwftj3s5s7spux5ad

I think it started in 1995 (?) when SSL was invented so we could use credit cards online safely. I think Amazon was founded around that time too.

Make-believe artwork for make-believe money.

I be the fuck whatever I like.

Ou, tout simplement, apprendre l'Anglais, ça ne te dit pas?

nostr:npub1g7lqk25fl24xd0zh7hr8jgp5smdy2eszjh9nmv7z7w85h6xcs9hq4u8yd9 joines nostr for "free speech", but when it arrived she (?) wasn't prepared