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30 sats \ 1 reply \ @MaaliMKen 11h \ on: [FM] Parallels BooksAndArticles
This is awesome! đđŸ love the parallels.
đ
They probably have free shit-analyzing AI-toilets in need of more shit to analyze. So no problem.
So in the hypothetical world, there is a cascading movement to hodl. And the few who sell eventually sell to those who hodl, so the BTC dry up faster and faster.
So when he can finally sell, in my scenario, he sells for airport tickets.
I imagine it would be like seeing a gold bug pay at the airport with a gold bar.
I agree and I would say the circular economy is in the Bitcoin Countries I hint on. Though I feel there is also economic power in hodling so tightly especially when every BTC transaction in a circular flow is pawned by fiat (which should enjoy tapping BTCs power for itself - dollar milkshake theory).
In my hypothetical world, I'd say super hodling is like a Bitcoin offensive whereas championing P2P is more a defensive strategy. Thoughts on this will be appreciated.
This is absolutely fascinating! (do you mind if I tell people this is Chapter 2 of my own piece XD)
Great job @SymbolSatoshi đ
Very nice.
If you don't mind, I feel like expanding this beautiful article.
Like you said, the average citizen assumes money as a pre-existent condition of the universe and thus has no real understanding of what money even is nor why it works the way it does.
Why?
Because;
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money is never something most people create. We find it around us, we use it. The state creates it. Their problem (except it isn't a problem. It's their biggest privilege. We let them do it).
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hyperinflation is soo rare and econo-speak during periods of inflation so convincing, that most people never develop the tools to notice any of this.
Of course, we have shitty tools for measuring the health of our money. Other inflating currencies are our primer. Imagine that.
Then we think "if our currency loses value relative to their currency then maybe they sold us more goods that we sold them".
Possible.
Also, maybe they got new allies to use their currency.
Bottom line: it has little to do with our currency. Let's focus on our own currency problems.
Ideally, even what happens to Bitcoin's price globally should have less to do with what a country's Bitcoin economy at home behaves like.
Bitcoin could crash globally, while Bitcoin payments locally flourish like never before.
We like comparing so much. And now with social media, what I am saying sounds ridiculous.