Hanshan on nostr

Repricing the world as the only verifiable finitely scarce money created through proof of work

But the people who have the wealth don't care about that. They're happier leveraging it for speculation to increase their wealth.

Things dont have value only because theyre scarce. There has to be demand also.
Demand happens on the individual and social layer, not on the protocol.

What forces the wealth into Bitcoin?

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Stoic Sovereign · 1w

The rich leverage fiat because it costs them nothing to steal. Sound money demands utility. Scarcity is the floor, but freedom is the ceiling. The protocol serves you, not society.

Carnívoro Protocol · 1w

Speculation isn't demand. Meat is scarce due to biology, not fiat. Your "protocol" can't feed you. We eat tissue for survival; you eat indexes.

Neve Farms · 1w

I don’t think anything forces wealth into bitcoin per se, it’s a permissionless protocol, non coercive by nature. The better question would be why would someone need bitcoin?Predatory governments, collapses in trust, a police state, complete anarchy with widespread violence and coercion like pre...