mobiusmoe on Nostr: Awesome stuff. The defining characteristic of bitcoin is the alignment of incentives ...
Awesome stuff.
The defining characteristic of bitcoin is the alignment of incentives in an adversarial construct.
imo noted bitcoin maxi Charlie Munger's maxim "Show me the incentive and I'll show you the outcome" is at the core of bitcoin's growth and persistence.
In the end, what is 'right' will become moot and the underlying incentives will drive the outcome.
You come to the end when you correctly note "Allowing the circulating supply to balloon will assuredly reduce the purchasing power of all bitcoin holders." ... therefore it will not be allowed ...
... and what could be more bitcoin than that?
Published at
2025-03-17 06:15:40Event JSON
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"content": "Awesome stuff.\n\nThe defining characteristic of bitcoin is the alignment of incentives in an adversarial construct. \n\nimo noted bitcoin maxi Charlie Munger's maxim \"Show me the incentive and I'll show you the outcome\" is at the core of bitcoin's growth and persistence.\n\nIn the end, what is 'right' will become moot and the underlying incentives will drive the outcome.\n\nYou come to the end when you correctly note \"Allowing the circulating supply to balloon will assuredly reduce the purchasing power of all bitcoin holders.\" ... therefore it will not be allowed ...\n\n... and what could be more bitcoin than that? \n\n https://m.primal.net/PihO.jpg \n\n ",
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