@Semi-Normal
Anarchist / Atheist / Bitcoin
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Recent Notes
Plz ELI5
Why would the real value of savings decrease when an economy’s productivity stagnates or declines? I don’t follow this, especially in a global market for goods & services.
In the same way that monetary scarcity increases what can be purchased with that money, scarcity of goods increases the amount of money those goods can "buy".
If you save when goods are plentiful, and attempt to spend when goods are scarce, you will find that your "real" purchasing power has likely declined.
If you save when goods are plentiful, and attempt to spend when goods are scarce, you will find that your "real" purchasing power has likely declined.
When did you first begin to question fiat money? For me, it started when someone gave me this dollar bill over 20 years ago. https://nostr.build/i/2950.jpg
That's not a dollar, that's an nft.
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My point is the temporal nature of savings is a social construct. Even with sound money, it's not a perfect proxy for the availability of capital, nor does it account for capital depreciation across t...
Completely agree with this. To over simplify... the % of the money you want to spend now roughly equates to the % of the stuff that's available to buy now.
Savers increase the spending power of current spenders by reducing the amount to be spent now, producers increase (or decrease) the spending power of money being currently spent bu producing more or less goods for sale.
If available for sale goes to 0, purchasing power of money being spent goes to 0.
Savers increase the spending power of current spenders by reducing the amount to be spent now, producers increase (or decrease) the spending power of money being currently spent bu producing more or less goods for sale.
If available for sale goes to 0, purchasing power of money being spent goes to 0.
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There's no such thing as an objective measurement in macroeconomics. You're always measuring from some normative frame. In other words, relative to what you think *ought* to be true about the world.
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It's decidedly less efficient for everyone who benefits from the manipulations (possibly unpopular, but I'd argue most Americans benefit at the expense of the 3rd world).
I do think btc is objectively more fair.. participants have a much stronger expectation of being treated equally.. but to your point. Whether or not you think fairness is good is a different matter. Most would say they think fairness is important, but they betray themselves quickly by talking about who NEEDS to be excluded.
I do think btc is objectively more fair.. participants have a much stronger expectation of being treated equally.. but to your point. Whether or not you think fairness is good is a different matter. Most would say they think fairness is important, but they betray themselves quickly by talking about who NEEDS to be excluded.
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are we getting elonbux soon? nostr:note15tp0ulzecrvrmz3we5fljy24qcs3wlecj9c2vhqvh6wwfjmzmcvs7lacsa
Maybe they'll fork btc and we'll get a nice airdrop.
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What's the point in writing a long ass educational threads here if only two people are going to see it?
Maybe I'll just use NOSTR to tell plebs to GFY?
GFY.
Nostr right now is a bit too much people who have the same ideas of the world.. there's no one to argue with.
When some government gets stupid and tried to shut some bit discussion down... alot of people will probably flee to nostr, and that wave will be half insane.
When some government gets stupid and tried to shut some bit discussion down... alot of people will probably flee to nostr, and that wave will be half insane.
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bearish? https://cdn.nostr.build/i/d258500d4d0618f96a3c8317dd9730b110d9ea381ef970ffd0c361d4ae16f970.jpg
It is satoshis worst take.
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That seems way beyond my understanding of the issue.
Good analysis of ctv vs drivechains, a bit dense but very helpful.
https://app.sigle.io/polydeuces.id.stx/9PHVc0PWHk_skP15_cYOb
https://app.sigle.io/polydeuces.id.stx/9PHVc0PWHk_skP15_cYOb