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Robertrobert
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Nostr pleb
Replying to Avatar m2carbine

Step 1: eat pork.

Step 2: Buy Bitcoin.

Step3: HFGR(Have fun getting rich) optional.

😂 All of us who know!

Checks notes…Progressives.

# Lyn Alden vs Jeff Snider!

## Snider believes:

- Bitcoin is not perfect, as good money needs to be elastic to meet supply and demand

- Black markets and quasi money will be created in a system with fixed inelastic money

- The economic system does not adjust through prices, it adjusts through activity

- If you go through a deflationary period with inelastic money entrepreneurs will have to fire all their workers (because they don't have the funds to pay them)

- If you remove elasticity, it will be at the cost of economic growth, as debt is a factor, historically speaking, in creating economic prosperity for society ("imagine having a 2008 without all the economic growth of the 80's & 90's," he states)

## Alden believes:

- Bitcoin is good money as divisibility is the tradeoff for elasticity

- By having a hard and quickly verifiable deflationary money, less debt is injected in the system and it causes less problems during deflationary cycles

- Only highly indebted individuals or companies would suffer in a deflationary period

- Banks are incentivized to push inflation in a highly indebted system at a cost to society

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Overall, Snider asks "the age old question", do you want a system that minimizes the downside of deflationary periods at the cost of attainable economic growth, by limiting the amount of debt? **Is it worth limiting the downfall at the cost of future growth?**

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I've pondered this before and believe growth may be slower under a ₿ standard, but it would be more deliberate and less wasteful. Thoughts?

💜🫂🧡

https://www.youtube.com/watch?v=EoCfYifNswg

#Bitcoin

#plebchain

#inflationvsdeflation

Watched this and believe as you do. Great dialogue on both sides though.🤙

Give her a taste of some of your Sats ⚡️. Then move them between you and her. You never know!

Replying to Avatar Rico

Good morning and Pura Vida 💜⚡🧡

nostr:npub167n5w6cj2wseqtmk26zllc7n28uv9c4vw28k2kht206vnghe5a7stgzu3r was an absolute delight, Martin and Matyas, you did a great job. As an event manager myself I know how difficult it is to simply enjoy the event because there is so much to consider, hot fixes to apply and the uncertainty whether it all pans out. But let me tell you, everyone I talked to simply enjoyed it. There was no event, there was just experience. If all works well and if you don't miss a thing, you can relax and focus on the people. You made it, congratulations!

Just one tiny little thing: Consider near-field sound reinforcement so the first couple of rows in front of the main stage can hear the speakers clearly. Relatively cheap, not more than 300€ for a stage the size of yours. I use this technique for large halle where the loudspeakers are usually hanging from the ceiling and pump the volume towards the center of the hall. The first couple of rows then only hear the echos of the sound and the low frequencies.

Have you met @countBTC (on YT&Twitter)aka Nolan Bauerle? He was one of main Organizers of Bitcoin2023 in Miami.

GM&PV✝️

The Jews quarreled among themselves, saying,

"How can this man give us his flesh to eat?"

Jesus said to them,

"Amen, amen, I say to you,

unless you eat the flesh of the Son of Man and drink his blood,

you do not have life within you.

Whoever eats my flesh and drinks my blood

has eternal life,

and I will raise him on the last day.

For my flesh is true food,

and my blood is true drink.

Whoever eats my flesh and drinks my blood

remains in me and I in him. 📖

Happy Sunday✝️