Me:
How would you increase global monetary liquidity on a bitcoin standard?
chatGPT:
"In a Bitcoin-dominated economy, increasing global money liquidity would require alternative approaches to increasing the supply of money, as the supply of Bitcoin is predetermined and limited. One approach could be through the development of decentralized financial platforms that create new financial products and services to generate liquidity. Another approach could be the creation of new Bitcoin-based financial instruments, such as futures contracts and options, to attract new participants to the Bitcoin market. Alternatively, governments could invest in infrastructure to improve Bitcoin's adoption and usage. While increasing the divisibility of Bitcoin via a protocol soft fork would not directly increase global monetary liquidity, it could indirectly contribute to greater adoption and usage of Bitcoin, which could lead to increased liquidity over time."
speed_racer / turtle 🐢
npub1eg…hkda0
2023-04-07 18:31:05
Author Public Key
npub1eg95yuj9wq54g3fd8pm0qyypaxceraqnpwlf2vx9y7xelr7jvq8s3hkda0Published at
2023-04-07 18:31:05Event JSON
{
"id": "ba5d9dbb4c60928c620ce61b25494c64abf5b02a3e0c9cc079baac10656e8b40",
"pubkey": "ca0b427245702954452d3876f01081e9b191f4130bbe9530c5278d9f8fd2600f",
"created_at": 1680892265,
"kind": 1,
"tags": [],
"content": "Me:\nHow would you increase global monetary liquidity on a bitcoin standard?\n\nchatGPT:\n\"In a Bitcoin-dominated economy, increasing global money liquidity would require alternative approaches to increasing the supply of money, as the supply of Bitcoin is predetermined and limited. One approach could be through the development of decentralized financial platforms that create new financial products and services to generate liquidity. Another approach could be the creation of new Bitcoin-based financial instruments, such as futures contracts and options, to attract new participants to the Bitcoin market. Alternatively, governments could invest in infrastructure to improve Bitcoin's adoption and usage. While increasing the divisibility of Bitcoin via a protocol soft fork would not directly increase global monetary liquidity, it could indirectly contribute to greater adoption and usage of Bitcoin, which could lead to increased liquidity over time.\"",
"sig": "acaae8ddad6f43d0ff470e34b813b14b12a32a3b748a553b6aa9d4162d61d56ac0ca96e00cdc528d4373ad711b1072e2a1e48522ae0deddbf35c8732a6d4c486"
}