Damus

Recent Notes

ϟ⸸λrrγ · 2w
This is the way
HoloKat · 2w
No. The opposite. Receipts are based on purchasing power. And purchasing power RISES in technological deflationary environment. Today it costs more and more to buy things. When prices fall to marginal...
satoshi jr profile picture
Receipts I assume you mean government taxes? That would be what funds ubi so in an deflationary currency they would have less sources of taxes to fund it.
If on the other hand you mean the recipient of the ubi, then yes your purchasing power increases, so the need for ubi would be less to begin with.




HoloKat · 2w
No. The opposite. Receipts are based on purchasing power. And purchasing power RISES in technological deflationary environment. Today it costs more and more to buy things. When prices fall to marginal cost of production and your money is not inflated, you are able to afford more.
Little Johnny · 3w
If Trump had been described as "so reckless that he cannot be controlled", would you have believed it?
JD · 4w
OK. So Microatrategy's mission is too... Hoard debt to buy BTC in order for its stock price to move adjacent to BTC, with leverage/multiplier. OK. And then to offer a 10% fiay cash yield on another...
satoshi jr profile picture
Sorta except its not trying target 1 to 1 bitcoin price that you would expect or legally require from a etf.
Above my pay grade to say what they'll pivot into but I don't think collecting a cache of bitcoin opportunistically while shorting fiat while having optionliry to find new ways to get more bitcoin or ways to use said bitcoin is a bad bet.
Harpo · 4w
thank you. I sent you a PM