Plain Text Nostr

<-- back to main feed

thread · root 955284cb…412f · depth 10 · · selected aeb9d35b…0d81

thread

root 955284cb…412f · depth 10 · · selected aeb9d35b…0d81

Ye -- 160d [parent] 
|    I think of the dollar as currency not money...
|    
|    The difference may be semantic, but the distinction matters...a lot...to me.
|    reply [1 reply]
_Checkɱate 🔑⚡🌋☢️🛢️ -- 160d
You're separating MoE and SoV/UoA in this distinction. Which is by the way what id happening, the savings asset
function of bonds (dollars with yeild) is being replaced by gold and Bitcoin.

Currencies are gov issuee monies which have shit SoV properties. Money is still the parent umbrella.
reply [1 reply]
Ye -- 158d [parent] 
     That's fair and fine if you are speaking to a classical economist....but when you are trying to explain these
     complex concepts to a broad audience, like you very often do, it is important to simplify even further.
     Especially if you are a Bitcoin advocate.
     
     Crap money is not money.
     Sound money is money.
     
     I strongly believe we should move away from referring to dollars as money if only for this purpose alone.
     
     Also there is a very strong school of thought, no less than from
     nostr:nprofile1qqsgydql3q4ka27d9wnlrmus4tvkrnc8ftc4h8h5fgyln54gl0a7dgspp4mhxue69uhkummn9ekx7mqpxdmhxue69uhkuamr9
     ec8y6tdv9kzumn9wshkz7tkdfkx26tvd4urqctvxa4ryur3wsergut9vsch5dmp8pese6nj96 himself, that Bitcoin must become a
     MoE to succeed. Resigning our fate to saylor-esque / fed / BlackRock views that the dollar will not / should not
     be replaced as a transactional medium is likely selling ourselves short.
     
     Now...would you like to zap me in sats or cents?
     reply [1 reply]

Write a post

Sign in with a signing-capable method to publish.