TheGuySwann on nostr

Open in Damus

@TheGuySwann 1752601766

As society becomes more productive and technologically advanced, money is *supposed* to grow in value.

This is literally the mechanism by which the fruits of all our labor are shared. By all the things we need and want becoming more affordable.

If everything is getting more expensive while technology is advancing, someone is stealing from you.

7180❤️192🤙28💯15❤️8👍8🚀6

Yeah it always cracks me up when people postulate that the country adopting a hard money standard would reduce state theft. The state would just find new ways to retain the gains, just as they have with the deflationary effects of technological advancement. Citizens will never be the beneficiaries o...

Libretech Systems - DARKLEAF · 49w

You ,Edward and me need to meet in Trinidad

The Stacker Monster · 49w

yeah, i think jeff booth wrote a whole book about this. check it out!

Definitely getting more expensive in the UK, as if they needed to make this announcement on the news again! Like us plebs never realised, absolute 🤡 World

ghost of mordoria · 49w

yeah but then you have to lower prices and lower salaries? it's a hassle for companies

The Bitcoin Street Journal · 49w

https://media.tenor.com/wk31KeJ7-L8AAAAC/jack-nicholson-agree.gif

Beerborn · 49w

"I know plowing the farm by hand is honest work, but hear me out. You could use this machine instead, to 1000x your speed and efficiency, and make 1/1000th of the money you made before! Pretty sick, uh?" Baron von Fiat (1915)

garagebob · 49w

You live in a democracy Guy right? And you're middle class I suspect. Hence why you're losing (we're it not for Bitcoin). Everyone else is doing better. Free or cheap at your expense.

Lat51_Training · 49w

Discussed this same thing just yesterday with someone and potentially orange pilled them. One the more salient points that makes you stir in frustration when you get the ‘everyone needs to tighten their belts’ type message.

BitTasker · 49w

Understanding the velocity of currency is key to understand how quickly inflation can hyper inflate overnight @BitTasker is being built and will launch this year so that #Bitcoin can circulate while we hire each other in a #p2p environment from every day tasks to professional services #earnsats T...

Ben Ewing · 49w

This obviously misses half of the ledger- what if your income is growing faster than costs are rising? Clearly this offsets the growth in nominal prices. Sometimes I’m convinced Nostr is basically: > say something that could pass as economic reality but is also bullish for bitcoin > cash in on z...

nostrich · 49w

Example is Moore's Law in electronics - chips become cheaper and cheaper with advancement of thechnology or for the same amount of money you get more powerful chips/devices. Moore's Law is the observation that the number of transistors on a microchip doubles approximately every two years, leading t...

Dikaios1517 · 49w

Read a post from my nephew today, who is a financial advisor, explaining to his following how inflation works and that it is "a fundamental feature of capitalism." Moreover, he told them "Prices dropping is called deflation, and while that might sound good, it's actually really bad for the economy."...

BankSith · 48w