Btw you can take it back IRL because human memory is limited and fallible and after a while everyone will have forgotten what you said.
Digital memory is so much more long lasting it breaks all social conventions we have established for human memory.
So we need to introduce a type of digital forgetting.
I certainly want these words that I'm writing here to last longer than a week. The "expiry" is for everyone to choose for themselves
I would probably choose 10 years or so.
People are probably dying of starving right now because of central bank policy.
Maybe not many but I bet there are some.
Only it's the best, or should I say "least worst", that we have right now?
Bitcoin is infinitely worse. Fortunately, in a way, it's so bad that it doesn't even get off the ground in the first place.
That's why you can't buy anything with Bitcoin right now other than make-believe purchases which instantly get converted to fiat.
The only thing you can buy is fiat which goes to show how great is fiat.
That is EXACTLY right. Well said.
See the below.
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Like having multiple currencies compete. The goal.
The protein is in the brown bag, it's super tasty but not very photogenic so I didn't take it out.
Feta is protein too.
A growing money supply is a reaction to a growing economy. First the economy grows, then you increase the supply.
You can increase the supply beforehand, anticipating economic growth, but then you have to guess how much it'll grow and that can go wrong and you'll oversupply.
Central banks do a so-so job, inflation is a bit too high right now as we know. But compared to the epileptic wild swings of Bitcoin, USD is a steady rock.
My question about the Bitcoin economy was obviously purely rhetorical. There isn't any other than ransomware maybe. The inability to adjust Bitcoin supply means prices will always be instable compared to the fiat of most civilized countries and any attempt at running a business on Bitcoin will fail.
What I got for fiat today.
What did you get?
Punks are widely known for understanding and solving the world's financial problems.
Use Haskell? 😁😁
Why the 2% Inflation Target?
Comments ( https://news.ycombinator.com/item?id=39793293 )
https://sites.lsa.umich.edu/mje/2023/09/04/why-the-2-inflation-target/
Good material to dispel the cryptocurrency FUD.
Must read
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A growing money supply for a growing economy.
What size is the Bitcoin economy? How many products and services are being offered in Bitcoin? How much Bitcoin is circulating instead of being held?
I propose a #Zapathon. Old school. Bring it back. Today at 5pm ET, we zap hard. I want to see memes. I want to see GIFs. I want to see the sats flowing. I want to see https://zaplife.lol blowing up like never before. Let's do it!
Rebellions then: Torches and pitch forks.
Rebellions now: Memes, GIFs and sats.
Wonder whether it's working.
Not sure I can follow all of this including metaphors but you will never be able to use Bitcoin to measure ("weigh") costs of products or cost of living because Bitcoin's supply doesn't change in accordance with a changing Bitcoin economy.
No, you can backdate notes.
