21 million isn’t important
The cap is
I realize this is all hypothetical, but I believe bitcoin removes any unproductive actors in the system and rewards productivity towards human flourishing.
In this situation, the most vulnerable will benefit, even if unable to be fully productive.
Less Wall Street bankers, more nuclear physicists for example.
But in the meantime, a decentralized approach where every town or neighborhood has a small pool of funds to distribute periodically would be the way to go imo. Then again, it turns into a government type situation just on a micro scale.
Non paywall underneath
https://www.ft.com/content/7fd67b7a-fa87-449c-a549-a8f796b305da nostr:note1azsacmrvtwfqv60slvxlshczs3e4uzvm6gkumnx39u7zhmqulspscleel0
I once considered this same notion, as Peter McCormack would always bring up ‘how do we protect the most vulnerable society?’. In the short term, this might be a good idea for those feeling generous enough to give. But the incentive isn’t there longterm imo.
Bitcoin, in itself, is UBI through technological advancements to food and energy security for the human race.
We just need more time back to give to other humans in need.
Poors together rich
7 years. 100+% food inflation. Thanks to the Federal Reserve.
“When the CPI was finally created in 1921 and a time series back to 1913 was established, it would show food prices more than doubling from 1913 to 1920.”
Things that should fail and are inherently detrimental to humans are able to survive and even thrive on a fiat standard.
Bitcoin reverses this
Hashtags are subreddits
#nostr
Prices increase, quality degrades
Prices increase, quality degrades
Prices increase, quality degrades
Anyway to share a link of my profile on Primal? I only see the option for QR code
Bitcoin is just a Verifiable World Wide Money
nostr:note14sgtschfd00y046ha0je0z687kzaw7mmjfyvr92dfltc9htkyewqxatwmw
In the not too distant future it’ll be 60 sats
When you play tricks on bitcoin, the majority wins
When you play tricks on fiat, the minority wins
Martyrs for bitcoin aren’t necessary, but they may be inevitable
Testing norms is human nature
Austerity long term is impossible on an inflationary monetary system that uses debt to constantly pull the future forward.
That’s why it defers to the opposite.
Ticking time bomb of faith in those that control the money printer.
Hypernostrization before hyperbitcoinization