pull down to refresh

0 sats \ 1 reply \ @ibz 22 Mar 2022 freebie \ parent \ on: Is “Value for Value” fatally flawed? bitcoin
You need to spend money every day in order to live.
You also need to make money somehow, whether by working a job or having some business.
And ideally, you make more than you spend.
It's as simple as that. Bitcoin is just a way of storing value.
write
preview
0 sats \ 0 replies \ @thrown 22 Mar 2022
When there is no competing currency, things do become more simple.
When there is an inflationary currency (usd) and a deflationary currency (btc) both, you are incentivized to only hodl the deflationary currency. but if everyone only hodls, then the deflationary currency isn’t worth as much. so you need to con some suckers into spending more of their deflationary currency to increase it’s value.
reply