Inflation negates the use of fiat as a standard unit of measure.
It's like trying to measure with a ruler whose tick marks are constantly fluctuating.
#Bitcoin
#Nostr
The 2 most important questions in economics...
What is money?
nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um
Is technology deflationary?
nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe
#Bitcoin
#Nostr
#lightning
You're absolutely right.
Name one critic more respected and revered than the person they were criticizing?
#Bitcoin
#Nostr
A rise in #Bitcoinβ―β―β― price means you've preserved old money, not made new money.
"The most practical skill in life is learning to do things when you don't feel like doing them." @ShaneAParrish @farnamstreet
The simplest idea (and most difficult to implement) for aligning the mind, body, and spirit.
#Bitcoin is Darwinian evolution.
#Fiat is an invasive species.
If consciousness precedes language, then how can a non-conscious LLM become conscious simply by exposure to large data sets?
#GPT4
#openai
@elonmusk
The #Bitcoin world is an inverse of the #Fiat world.
The monetary practices, protocols, and price actions of today's markets are all opposite in a #BTC backed landscape.
If Bitcoin is universal truth, then fiat is the black hole that destroys all value and information.
Once society crosses the fiat event horizon, all roads lead to eventual ruin at the singularity. Doesn't matter who's in charge or what policies are in place.