CariBouFarm on Nostr: Important principle: Prices trend toward the marginal cost of production The cost to ...
Important principle:
Prices trend toward the marginal cost of production
The cost to produce a unit of bitcoin is a huge amount of energy and hardware to generate hashes
As hashrate increases, the cost to produce bitcoin is also increasing
The cost to produce fiat is zero
It costs nothing to create a piece of paper
—
Store your time and energy in money that costs something to produce (#bitcoin)
Don’t store your time and energy for currency that is worthless and costs nothing to produce (fiat)
#nostr #economics #fiat #human #time #energy #money
Published at
2024-10-22 22:19:55Event JSON
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