0 sats \ 1 reply \ @CoinHead OP 9 Apr freebie \ parent \ on: The Battle for the Attention Economy bitcoin
Having an already established currency is essential because it deepens the value. It’s not just a self fed economy, it’s REAL value outside the platform. Total game changer.
I think the one BTC is equal to one BTC statement is more about its finite amount then its purchasing power. One dollar is equal to one dollar, if you know in the future the Fed will print more, guaranteeing your dollar will be worth less. So that statement to me is trying to oddly say that each sat is finite because we know there are only 21 million bitcoin.
As to the deflationary hype, it’s multifaceted, gold and silver are arguably deflationary and I’ve known one person who purchased their house with silver and I don’t think they experienced any distress over bull runs. ironically we see lots of distress from folks unable to purchase homes now because of inflation. Not sure the answer I could give you, but even owning a home is somewhat deflationary as we see the equity increase. I think it’s just a part of economics we will always see. At the end of the day I’d rather have something increasing in value than decreasing.
Absolutely, I have faith in humankind. No matter the obstacle to our pursuit of happiness we have always overcome it. In the dark times it has taken coercion and the suppression of the truth in order to get humans to engage in evil, but when the time comes that humans begin to think with their rational minds they begin to trade value for value and lift each other up by lifting themselves up. Life, and capitalism is not a zero sum game and there will always be plenty for all if we allow ourselves to be the the best version of ourselves.
GENESIS