Lysander Spooner on Nostr: Except, you know, that a thing's volatility retards it's use case as a dispassionate ...

Except, you know, that a thing's volatility retards it's use case as a dispassionate means of exchange. Worst of all, expecting a unit to be worth more next month makes you less likely to hire Johnny to mow your lawn this month, making everyone poorer on net. Since, as the Austrian school shows, prosperity does not excrete from a printing press, a mining rig, or a fixed-pie token gambling pool.

Prosperity excretes from the felt improvement in standard of living for each party to a voluntary exchange. This is where seeing 'medium of exchange' as 'fantastic investment opportunity' work at cross-purposes. One facilitates exchanging. The other penalizes exchanging and rewards declining to exchange (hoarding aka hodling aka the opposite of making a voluntary, prosperity-generating exchange).

Maximalism is a synonym for monopolistic fanaticism, right or wrong. Nothing to do with a plurality of decentralized solutions. One grand unified eternal immutable global ledger or bust.