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#Bitcoin fixes open-source
Because open-source is free to use, the developers of an open-source project have no income to reward their effort in making the project a reality. Therefore, in order to maintain the project and keep it up-to-date, developers have to rely on the generosity of others who donate to the project to keep it afloat.
Under an inflationary fiat system, people are inclined to not hold onto their cash and acquire more debt, as loan issuance is what adds new money to the supply. Because of this incentive structure, most people have no savings and therefore have no available personal capital that they could spare to donate to open-source projects that they have benefitted from in their daily lives. Relying on debt to finance your life leads to less generosity, as you are thinking more short-term worrying about the next monthly payment rather than thinking about how to make better use of the savings you have.
This is why (at least from my perspective) most open-source projects have to rely on angel investments from already established institutional investors, as they are the only ones in a fiat system that have the cash on hand to donate enough capital to keep the project alive. The downside to this is that the angel investors essentially act as gatekeepers and can, by their own fiat, pick and choose the winners and losers in the open-source community.
In a hard money economy, however, the incentive structure is set to encourage people to save, since the money is designed to appreciate in value over time. Under this system, a majority of people will have the personal capital that allows them more flexibility in their financial decisions. Because they have a safety net that is their savings, people will be more willing to be generous with their money as they always have a fallback in their holdings.
With this setup, open-source projects are sustainable since the larger pool of people with personal capital increases the probability of those willing to donate to open-source projects, which in turn leads to more capital being available to these open-source projects to stay alive.
#Bitcoin has failed because of "fraud and manipulation", so please use our state run shitcoin where the fraud and manipulation is centrally planned
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GM everyone 🌄 🫂 💜
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GM everyone 🌄 🫂 💜
True wealth doesn't flaunt their riches