BoringBTCNYB on Nostr: The view that policy should steer markets is my concern. Gradients drive markets-not ...

The view that policy should steer markets is my concern. Gradients drive markets-not beliefs of how things should be. There’s currently an abundance of block space relative to demand. Wanting that to be different is like wanting the economy to be different. It’s not something we can control. Trying to encourage people to spend bitcoin is very meh to me. Depending on where people are in their journey of adoption determines their willingness to spend. Gresham’s law indicates that the desire that people spend bitcoin while dollars are still readily accepted is a fool’s errand.