Thread - Nostr Hypermedia

Bitcoin doesn’t need monetary debasement to be a better store of value. Even if everyone were a hodler, there would still be transactions because hodlers need to eat too. (And businesses would need to buy supplies and pay workers. Etc.) It strikes me as this line of thinking is looking to solve a problem that doesn’t yet exist. The mining industry is growing nicely and bitcoin is already the best long term store of value in the way it has protected people’s saving compared to everything else.

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Replies (2)

mister_monster 1 year ago

You don't understand clearly what I've told you. This is a system of incentives, a "game" in the parlance of game theory. The outcomes are very much predictable, I'm not guessing here or making an argument on behalf of something or against something, I'm only making an educated observation. You can take what I've said and try to understand it deeper, or you can default to defending something you're emotionally attached to, but the incentives are the incentives and the outcomes are predictable.

Ava ava@nostrplebs.com 1 year ago

@mister_monster I blocked the OP long ago. Can't remember why, but I don't block unless there is a very, very good reason. Not saying you should, just letting you know this convo may be an exercise in futility.