bitman on Nostr: Context: Gold and silver gained value when first coined, as their use in trade ...
Context: Gold and silver gained value when first coined, as their use in trade increased demand. Silver, once a key monetary metal, declined in value after losing that role. A currency’s worth is driven by its function in exchange, not just its properties.
Spending is crucial. As Mises explained in his 1951 lecture, the value of a monetary commodity increases when it is actively used in exchange. Bitcoin won’t succeed by sitting idle as a digital asset - it will thrive as a functioning currency. The right approach isn’t just to save Bitcoin, but to both save and spend it.
Published at
2025-03-06 16:54:04Event JSON
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