Damus

Recent Notes

weev · 3d
completely false. Even when there was hard money, when everyone was using physical gold, equity, real estate, and optionality generated a superior return. Gold does not inherently pay dividends. Your ...
nicnym #BIP-110 profile picture
There never has been hard money without any inflation. 1.5% inflation of gold means its value is reduced by HALF every 50 years.

Bitcoin will have 0% inflation after the subsidy is fully unlocked.

There is literally nothing else in this world with true scarcity and an absolute limit. Its use as money is unprecedented and will change everything about finance and the economy.
🤙1
goatmeal · 3d
so you're one of those "the price will keep doubling every four years forever" people got it
weev · 3d
I want Bitcoin to be money. Most money is spent, in one way or another, on contracts. Notional amounts outstanding in all forms of contracts exceed the amount of currency. The bond market is greater than USD M1, for example. So is the notional amounts outstanding of interest rate swaps. And the valu...
goatmeal · 3d
>Fees are not needed for miner revenue for another 100 years. that's not how it works at all and you're retarded
goatmeal · 3d
bitcoin is commodity money. it's a product. read mises
Autópsia do Fiat BR · 4d
Insultos não substituem argumentos. Mostre dados que comprovem a eficácia do fiat.
weev · 4d
Perhaps so, but that’s not an argument. Bitcoin needed to be the basis of a new financial system, as per its creator’s desires. Bitcoin doesn’t have the properties of money, due to the fact that Core refuses to adopt a private ledger via, despite Satoshi explicitly expressing saying that “...
Leo Wandersleb · 1w
Creating bip110-coin for a futile attempt at spam filtering is rather foolish though.