You are describing the other coins attempting to be money. Thats not bitcoin. Bitcoin has a set supply, and increasing demand, others have tried to replicate bitcoin for 14 yrs now.
Call me “satoshi” & assume a money shortage: i can grow lettuce and use it as money to exchange for goods & services but its elastic supply will always meet demand at the lowest possible margin of cost. I will lose my savings either to decay or a larger producer. I didn’t create money, i created a good that can be temporarily exploited to gain more resources. Furthermore who will accept 10 truckloads of lettuce for a car that they produce. Just because i “satoshi” produced it does not make it money.
WedgeSocial / Dan Wedge
npub1dg…8ka3a
2023-12-02 03:04:29
in reply to nevent1q…gt4a
Author Public Key
npub1dgpt04w4c88wc0g262xaw8zvlm4mvwtmjhl0tn2sxtyjywsn6q4qt8ka3aPublished at
2023-12-02 03:04:29Event JSON
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"content": "You are describing the other coins attempting to be money. Thats not bitcoin. Bitcoin has a set supply, and increasing demand, others have tried to replicate bitcoin for 14 yrs now. \n\nCall me “satoshi” \u0026 assume a money shortage: i can grow lettuce and use it as money to exchange for goods \u0026 services but its elastic supply will always meet demand at the lowest possible margin of cost. I will lose my savings either to decay or a larger producer. I didn’t create money, i created a good that can be temporarily exploited to gain more resources. Furthermore who will accept 10 truckloads of lettuce for a car that they produce. Just because i “satoshi” produced it does not make it money.",
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}