Sorry, I don’t engage in what I consider meaningful exchange with meme accounts. Such interactions usually are a waste of my valuable time. Cheers mate.

“The market economy, and civilization itself, are predicated on the respect of property rights, as it is only when property rights are secure that individuals can accumulate any amount of capital significantly larger than what they can keep on their person for basic primitive needs. A society in which property rights are not respected is one where conflict is rife, and one where individuals cannot afford to think of investing their precious labor in the future, as all the property that can store this value is risky to own. Civilized society is only possible when the right to property in self and objects is widely respected, and individuals can expect to maintain their property into the future.”

Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

“Importance of Property Rights Understanding the concept of property makes an individual able to economize more effectively and increase the productivity and value of his time. By investing his labor in the production of durable goods, man is able to draw on their services for longer, lowering his time preference in the process and learning to prioritize the future more.”

Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

Are you saying the value of bitcoin is only in its utility in passing it along to others…? If so, you’re either a troll or you haven’t done 40 hours of independent research into what ₿itcoin is. If you have committed to doing your own research you may think otherwise.

Can wait! Let’s goooo!

I’m still a kid who thinks that if I run fast enough I’ll fly.

It’s already ripping!

“Normal” people are not thinking about BTC. In fact when “normal” people hear the word bitcoin they relate it to doo doo coins. “Normal” people are not thinking about BTC. Many “Normal” people are still trying to figure out how to get “normal” money, and figure out how to pay all their bills that keep getting more and more difficult to pay.

We as Bitcoiners sometimes forget that not everyone is thinking like us. I speak with educated people all the time about bitcoin and they’re so far removed from the reality of what it is. They don’t even want to learn about what it is. There must be a need for a person to learn about bitcoin. Someone influential to them must introduce it for them to find it interesting, or there needs to be some sort of significant milestone life event that happens to an individual that places them in a position whereby bitcoin becomes the option an individual must utilize for basic survival.

“Deciding how to occupy his time is man’s eternal and universal economic problem because time is scarce, and Keynes’ simplistic conception of economics prevents him from recognizing that use of time is an economic choice.”

Basic Economis by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

“Kids play video games to escape reality but then they make video games as real as possible

“Under a free market with sound money, savings appreciate in market value over time, and individuals have the freedom to work or not, and to ask for any wage they want. Employers also have the freedom to pay any salary they want. In such a world, with savings appreciating, it is perfectly rational for many to forego employment. A worker who cannot find employment at a prevailing wage is simply unable to find someone who values the marginal revenue product of his labor at a price higher than the worker’s valuation of leisure.”

Basic Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

“Switzerland, the last country in the world to go off the gold standard, provides a good example of this dynamic. As the fiat world struggled through severe unemployment crises throughout the twentieth century, Switzerland had practically no unemployment until it went off the gold standard in the mid-1970s.42 After adopting the dollar standard and engaging in inflationism, Switzerland has witnessed a rise in unemployment that follows the same cyclical pattern observed in every country that runs on fiat money.”

Basic Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

“It is telling that the concept of unemployment did not really exist as an economic term before the twentieth century. In a free market, people choose whether or not to work for the wage offered to them, so nobody can be involuntarily unemployed. With the introduction of monetary inflationism and minimum wage laws, a permanently unemployed part of the population became a fixture of modern economies, and blaming this unemployment on the market process became a fixture of the pseudoscientific economics dominant in modern academia, financed by those with vested interests in maintaining inflation in order to provide rationales for it.”

Basic Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

“The inflationary boom results in the financing of unsustainable investments, and their inevitable collapse causes entire economic sectors to witness bankruptcies, with large numbers of workers laid off and left with skills for which there is little demand.”

Basic Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

Verifying my Nostr Nests identity: KtMOxxCc3x8Sd7CvFEOMO9fKvDSZQUKOqRwT4bwavT8

https://nostrnests.com

"When the money works society flourishes."

NY Giants Running Back Saquon Barkley and Jack Mallers from nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 discuss what happens to humanity when the money we use is capable of purchasing what we need in life over a longer time horizon. Check out the conversation on @moneymatterzpod

https://youtu.be/czNTQjMwV6I?si=yP_mW83XkisA4yW4&t=2846

Buy it too.

User interface on #Plebstr is NICE!!

Peace love liberty bitcoin

What country are you referring to?