DrJeff on Nostr: People who don’t provide value to others are naturally attracted to proof of stake ...
People who don’t provide value to others are naturally attracted to proof of stake inflationary fiat and cryptocurrency systems.
Conversely, those who do provide value are generally drawn towards proof of work neutral energy money… that is, #Bitcoin.
This is not a coincidence, and it is a fairly accurate litmus test.
“Show me the incentive and I’ll show you the outcome.”
- Charlie Munger
Published at
2024-12-04 19:39:30Event JSON
{
"id": "b3cf98fbd4b21431974b43f2dda520de72c423ae4862e12ac94833b51685071d",
"pubkey": "b7996c183e036df27802945b80bbdc8b0bf5971b6621a86bf3569c332117f07d",
"created_at": 1733341170,
"kind": 1,
"tags": [
[
"t",
"Bitcoin"
]
],
"content": "People who don’t provide value to others are naturally attracted to proof of stake inflationary fiat and cryptocurrency systems. \n\nConversely, those who do provide value are generally drawn towards proof of work neutral energy money… that is, #Bitcoin. \n\nThis is not a coincidence, and it is a fairly accurate litmus test. \n\n“Show me the incentive and I’ll show you the outcome.”\n- Charlie Munger",
"sig": "d39c00d3b9081b2ce0324c3a7c360170d4934cdbb46b2c023a2e52f80edfdb25f78d7fb09933807356a01d72d837648acd1f7cfa0a7cabbddaa19d1dc766ff2d"
}