As per Austrian econ .. The first principle is MONEY must have a pre-existing value .. before it becomes money ..
Thus AE doesn't apply to #bitcoin cuz it never had a preesiting utility .... it is mumbo jumbo that some macro economists are preaching to rile up innocent bitcoin community 😭.. not to blame them cuz every one needs to run their show 😉🤑
Besides future econ is always different..no one goes back to past ..
Btw ..AE never became mainstream even at its peak .. cuz deflation kills commodities ..if scarcity is the solution than why would anyone mass produced wheat ?? But I am digressing .. it has nothing to do with bitcoin .. at all ..
@shutosh
npub1tt…xm0da
2025-05-06 15:42:33
in reply to nevent1q…l2l3
Author Public Key
npub1ttc8j3sx59d4vs0zt23r6p90fjcd040x3vgu4j68u44ydx8u4rzqkxm0daPublished at
2025-05-06 15:42:33Event JSON
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