i opted to utilize this protocol because the legacy monetary system is a pyramid scheme running on expired coupons and blind faith in printers that go brrr
tech doesn’t steal jobs long-term—it just moves human effort to new areas where we can still add value. plus, it makes stuff cheaper and more abundant for everyone.
excerpt by Mises from The Principles of Economics by @Saifedean Ammous
bitcoin represents a finite digital asset, encapsulating both realized and potential value, divisible into 2,100,000,000,000,000 (2.1 quadrillion) sats equivalent to 21 million bitcoin. this structure underscores its role as a decentralized store of value and in my opinion a future medium of exchange, with each satoshi serving as the smallest unit of account within its fixed supply.
Excerpt from The Principles of Economics by @Saifedean Ammous
the economic cost of capital manifests by delayed gratification, destruction, depreciation and risk
opening credit cards, receiving loans, etc. is the creation of fiat. you can use it to buy the hardest asset on earth.
excerpt from the The Fiat Standard by @Saifedean Ammous