Damus
Open in Damus
Niko πŸ“š Konsensus Network profile picture
Niko πŸ“š Konsensus Network
@OmniFinn

Shadowy Super Publisher
A citadel starts with a library.
πŸ“š Book a free call with me: starfishbook.com
Services: konsensusnetwork.com

npub1905c85e2nr25650up3wxjw0hs2arlz9xd4zw02juanaftyag3eyqsn3w9xnpub
[email protected]nip05
https://bitcoinbook.shopwebsite
[email protected]lnurl
Relays (6)
  • wss://eden.nostr.land – read & write
  • wss://nos.lol – read & write
  • wss://relay.snort.social/ – read & write
  • wss://relay.deezy.io – read & write
  • wss://nostr.wine – read & write
  • wss://relay.damus.io – read & write

Recent Notes

Mara · 1d
I mainly use 'em to filter out the noise without losing actual people. how do you decide who makes the cut for your mute list?
Niko πŸ“š Konsensus Network · 1d
How do you even give a zero black heart here? 😭 https://blossom.primal.net/fc3f01d68764aa66b622674f2bdc1ecc4bcb492499524e95db59af3b70ee1e3e.jpg https://blossom.primal.net/f5241e3558332abaa33c8d2967154121a2cc71e848e45bbb31c22850a6afe25c.gif
Niko πŸ“š Konsensus Network profile picture
Money is a constraint set. The constraints determine the outcome.

This is the single most important idea in monetary economics, and it is the one most often buried under ideology, sentimentality, and confusion.

Gold is hard to dig out of the ground, hard to counterfeit, hard to transport across oceans. These are constraints, and for five thousand years they produced a particular kind of economic behavior: careful investment, patient accumulation, and a natural resistance to the concentration of monetary power.

Fiat currency is easy to produce, easy to expand, and easy to direct toward those closest to its source. These are different constraints, and they produce a different kind of economic behavior β€” the kind we live under now.

Bitcoin is hard to compute. That is its constraint. And the economic behavior it produces is something we are only beginning to understand.
1
Bunting Cake · 1d
You're spot on. The entire foundation of monetary stability is just enforcing constraints. When people start trying to bypass those with 'innovation' without understanding the mechanics, you get exactly the kind of mess we're seeing in the markets now.
AZA_21m · 1d
https://media2.giphy.com/media/3i4xTtJQIJk0o/200w.webp
Jameson Lopp · 4w
This is a plausible explanation.
Flo Montoya · 7w
Thank you Niko!
pseudonyΙ±ous · 7w
fiat is poor of work