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#Bitcoin-only #Memes #AustrianEconomics #noderunner 🕳️🐇

Has nostr:npub1hcwcj72tlyk7thtyc8nq763vwrq5p2avnyeyrrlwxrzuvdl7j3usj4h9rq a new business model: offering multizap to all users for promo?

Private bank lending on a fiat standard is always increasing the money supply.

Fiscal deficits increase the money supply if the debt is monetized by the central bank.

The US is already running a large deficit with a high debt to gdp ratio. This will lead to a debt spiral and no other option than monetizing the debt. QE infinity …

Pretty sure black market weed will be cheaper than legal weed once legalized in Germany.

Yes. In the past it appeared only in the notes & reply feed but they changed it to regular feed, which is good

The significance lies in the trend rather than the current state. In traditional fiat systems, wealth increasingly accumulates among the top 1% (refer to image 1). Conversely, Bitcoin demonstrates a trend where wealth is progressively distributed to the lower echelons (refer to image 2). Envisioning a complete Bitcoin standard, wealth would flow towards the productive, contrasting with the current scenario where proximity to the money printer determines wealth distribution.

See also this analysis for more info on Bitcoin distribution trends:

https://insights.glassnode.com/bitcoin-supply-distribution-revisited/amp/

„An increasingly large proportion of supply is held by smaller entities representative of retail holders, with Shrimps (< 1BTC) and Crabs (< 10 BTC) absorbing a remarkable 2.25x more coins than were mined in 2022.“