₿ainter baintersat@iris.to 10 months ago The tale of Procrustes, a figure from Greek mythology, tells of a rogue innkeeper who would stretch or cut his guests to fit his bed. How this metaphor applies to Bitcoin in relation to Fiat:
₿ainter baintersat@iris.to 10 months ago Bitcoin, like Procrustes' bed, forces the traditional financial system into an uncomfortable fit, stretching or cutting away at its inefficiencies.
₿ainter baintersat@iris.to 10 months ago Just as Procrustes made travelers fit his bed, Bitcoin imposes its own rules, challenging the size and shape of monetary policy.
₿ainter baintersat@iris.to 10 months ago Fiat currencies must adapt or be diminished by Bitcoin's fixed supply and decentralized nature, exposing the flaws in endless money printing.
₿ainter baintersat@iris.to 10 months ago The rigidity of Bitcoin will reshape the global economy for the better. But this process might not be without pain.