Damus
Open in Damus
Roger · 1w
Bitcoin moves the discount rate; it does not change the argument. Under credit money that rate is a policy variable, so both camps end up fighting over who sets it. With a fixed supply it falls back t...
 Jeff Booth profile picture
Jeff Booth @Jeff Booth
The invariant only stays invariant while bitcoin stays decentralized. That’s why it’s so important to use, build on, create privacy, run nodes, etc etc. We (humanity) will win because as long as there are enough those who know…..they will build the path. That’s what is happening here and elsewhere.
1❤️1
Roger · 1w
You're right, and the uncomfortable part is that decentralization isn't a property Bitcoin has. It's a bill that gets paid every day by people who could simply stop paying it. A node that verifies the whole chain fits on a used office PC now, so the barrier stopped being capital a while ago. What's...