5. Saifedean Ammous nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak : Known for his work on the economics of Bitcoin, Ammous authored The Bitcoin Standard, which explores Bitcoin as an alternative to fiat money and argues for its potential role in a sound monetary system.
The Austrian economics school is a framework that focuses on individual human action as the foundation for economic analysis. It emerged in the 19th century and is known for its advocacy of the free market, the importance of entrepreneurship, and its critique of government intervention and excessive money creation. Austrian economists argue that free market prices are the best way to coordinate economic activity, and that any attempt to plan the economy results in distortions and crises.
Key figures include:
1. Carl Menger: Founder of the Austrian school and author of the marginal utility theory.
2. Ludwig von Mises: Developed praxeology, the study of human action, and was a strong critic of socialism.
3. Friedrich Hayek: Advocate of spontaneous order in markets, Nobel Prize winner in Economics in 1974.
4. Murray Rothbard: A leading figure of anarcho-capitalism, he combined Austrian economics with radical libertarianism.
The Austrian school has had a major influence on libertarian thought and on movements advocating for reducing the role of the state in the economy.
FED only move
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Milton Friedman
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You already follow me, but I leave some clues, it’s call like the name of a genius, and the value is 0.00000001 BTC
Try to ban Bitcoin and Nostr 🧡💜🤣
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Bitcoin Scarcity 🧡🫡⚡️
Bitcoin's programmed scarcity is a core concept in its design and refers to the maximum limit of 21 million bitcoins that can ever be created/mined. This limit is hardcoded into the protocol and cannot be changed without unanimous consensus across the network.
Bitcoin uses a mechanism called the "halving" to control the issuance of new coins. Roughly every four years, the reward that miners receive for validating transactions and adding new blocks to the blockchain is cut in half. Initially, the reward was 50 bitcoins per block, but it has now decreased to 3.125 bitcoins, and it will continue to drop over time.
This gradual reduction in new supply, combined with growing demand, creates a scarcity dynamic that should increase Bitcoin’s value over time. Unlike traditional money, which central banks can issue without a fixed limit, Bitcoin is deflationary by nature, making it a store of value for those concerned about inflation.
In summary, Bitcoin’s programmed scarcity ensures that no more than 21 million bitcoins will ever exist, creating a limited supply and an economic dynamic that should lead to its value rising over time.
#Bitcoin 🧡🫡⚡️
HODL ⚡️
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GM 💜 PV 🫡 🧉
GM 🫡. Free speech must be for everyone
This is the way
This is the way
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GM PV 💜🧡🫡⚡️. Fight for freedom. Keep Nostr weird. Create value for value. And as nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx would say,
Stay humble and stack sats.
And finally, send some zaps ⚡️💜
Zapped sats
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GN PV 🧡💜 🌊🌥️⚡️
