0 sats \ 0 replies \ @josh OP 1 Dec 2023 \ parent \ on: The Util: A Stabilizing Unit of Account for the Bitcoin Economy bitcoin
Tighten and Ease are more knobs like on the Fed, giving the market a way to tighten or loosen interest rates in the economy.
Convert Ease to Tighten, and interest rates go up. Convert Tighten to Ease, and interest rates go down. The only thing that matters for the conversion to be sustained is their relative price, which anyone in the world can affect.
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