The hardest money will remove degeneracy from the system. Mal-investments and over consumption will become a thing of the past.
The usual FUD of “a bitcoin world will be a world of less productive people” is just a Keynesian FUD.
No matter how low time preference is, it can never be zero, therefore, when the time is right, bitcoiners will allocate capital carefully to the reality they want to see.
Do not support this FUD. Crush it whenever you hear it. ✌🏾
Ragnar /
npub1th…c09ne
2023-10-01 20:13:16
Author Public Key
npub1ths76dzn4u8q52jcrswr4xkry4xa5h5uk8l3jdnah36qjy30ynmqpc09nePublished at
2023-10-01 20:13:16Event JSON
{
"id": "691eae2d6ce99aef2328fe23ad0c938a09c9763ac359c5c8fc6f101a6f505632",
"pubkey": "5de1ed3453af0e0a2a581c1c3a9ac3254dda5e9cb1ff19367dbc7409122f24f6",
"created_at": 1696191196,
"kind": 1,
"tags": [],
"content": "The hardest money will remove degeneracy from the system. Mal-investments and over consumption will become a thing of the past. \n\nThe usual FUD of “a bitcoin world will be a world of less productive people” is just a Keynesian FUD. \n\nNo matter how low time preference is, it can never be zero, therefore, when the time is right, bitcoiners will allocate capital carefully to the reality they want to see. \n\nDo not support this FUD. Crush it whenever you hear it. ✌🏾",
"sig": "11718ccf0a1971d4909d95c8b071d079d70329f9704a1458ad077feafe92df0d26c9522ae54ac7a91bd3b76d7f3cb9fc5f02567ca997aa0fd15db49cd6765db7"
}