Jackkluz on Nostr: Why is it so hard for people to understand that if the money does not hold value over ...
Why is it so hard for people to understand that if the money does not hold value over time, the material you exchange if for will likely not retain value/quality over time; unless there is information asymmetry.
There’s few hard workers and producers left to fool. Now the fools are the consumers who think they can still buy quality.
This gets exponentially worse when looking at longer term infrastructure (houses, bridges, utilities). Proof of work is dead and gone.
I hate the bureaucracy of the government, but it seems we need bitcoiners who understand this principle to be in the DOT making decisions, or we risk losing all of our past work IMO. I am confident I can manage infrastructure better than the DOT simply with the lens of bitcoin at my side.
How do I break my way in?
Published at
2024-07-18 14:26:19Event JSON
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"content": "Why is it so hard for people to understand that if the money does not hold value over time, the material you exchange if for will likely not retain value/quality over time; unless there is information asymmetry. \n\nThere’s few hard workers and producers left to fool. Now the fools are the consumers who think they can still buy quality.\n\nThis gets exponentially worse when looking at longer term infrastructure (houses, bridges, utilities). Proof of work is dead and gone.\n\nI hate the bureaucracy of the government, but it seems we need bitcoiners who understand this principle to be in the DOT making decisions, or we risk losing all of our past work IMO. I am confident I can manage infrastructure better than the DOT simply with the lens of bitcoin at my side.\n\nHow do I break my way in?",
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