If bitcoin measures the deflationary aspects of innovation over time.
That means you can give someone bitcoin for something they want and they are then forced to hold it until they can afford to purchase.
Not sure the ramifications of this, but seems important for incentive structures.
The overarching point is that the govt can arbitrarily dilute your savings without any recourse. That is literally god mode in any video game, just being able to literally print money. Why do we pay so much in taxes if they can just print the difference?
Bitcoin fixes all of this.
GM!
The reason you know financial advisors donβt put in the proof-of-work is because they rarely come up with some technical limitation of bitcoin.
Their go-to line is that itβs speculative and/or volatile. Pure cope.
Good morning,
Common sense is a straight line and society veers away from it over time.
But it always comes back.
I read this quote from Thomas Paine a few times yesterday. Hits different every time.
Good morning!
You canβt escape worship.
Inside every non-believer is a god sized hole that gets filled with something.
I clipped this from @walker and @Steven Lubka's conversation.
Enjoy!