Inflation is tax!

What do nostr need to be self-sustainable? Is it possible to have it a niche thing, but still the only thing for those who use it? #asknostr #share4sats

Usual argument why inflation is necessary: In case of deflation, if the price of everything goes down, people won't spend their money, because they will rather wait, and that is bad for the economy. Good response (idea came from @Guy Swann ): Inflation is a result, not a cause. The price of the things can be defined as: Price = "Amount of money" / "Amount of goods" So inflation occurs as a result if either the amount of goods decrease (gdp) or the amount of money increase (money supply). If we fix the money supply (amount of money), deflation can only occur if the amount of goods increase, so when the economy grows. So deflation means the economy is growing. Now what is the problem with deflation then?

The true knowledge comes, when you "explain it like I'm five".

$Boost Employ a daily routine! Why? 1️⃣ Beat procrastination Easier to do things that you do as a routine. 2️⃣ More time You don't have to spend time on convincing yourself the things you want to do, therefore you have more time on doings things. 3️⃣ Tiredness If you have a good daily routine, including a sleep schedule, you will get well rested from less amount of sleep. If you are rested, you think faster, and can be more efficient. Did you only read it, because you saw the $Boost sign? Be honest! 😂🫂💜

World is driven by a force called incentives. Set incentives right, everything will converge to the right direction.

"If trust erodes, prices go up." -- @preston

Without KYC, reincarnation exists. Think about it. Ditch your keys, create a new keypair, and a start a new "life". It's all possible. I think it can also help humbleness. If you ditch your keys, you ditch reputation, you have start over. Your ego has to go down, because noone knows you.

What rugs you, make you stronger.

Media == get distracted from your own shit

Don't ask people to move to nostr. Just share content links with them casually with interesting content you would anyway share, instead of links to other platforms.

If we stop holding fiat (dollar, euro, etc), we can solve inflation better.

Why competition matters and what to do about it?

Stacker News

Why competition matters and what to do about it? \ stacker news ~bitcoin

Why is competition good? As a consumer, you can decide what product you want to use. Let's analyze 2 scenarios: Scenario A: Let's say, there is a p...

The more the competition for a certain product or service space, the better these products or services have to be for users to switch to them. So the higher the competition, the better the products. Higher the competition, happier the users💜 So to get more competition, we need: 1️⃣ Barrier to entry shall be easy and open to anyone. 2️⃣ There shall be no "free lunch" in a way, that companies can get a lot of money for nothing. Money shall only be earnable by work. So no money printing, and no zombie companies (bigger costs then income -> these shall die to release capital to support better products.) 3️⃣ Open-sourcing: if someone invents something, he shall share it, so that others can improve on it. 4️⃣ Free market: capital shall be allocatable efficiently. Capital shall go there, where they create useful products. If you want better products, you shall work on increasing competition. If you want to increase competition, you can concentrate on any of these areas, or all of them. #economy #freemarket #opensource #foss #plebchain