The halvings will change the time preference of companies.
When on a bitcoin standard in the future or today if your a Bitcoin company you’ll measure your growth in bitcoin not fiat.
Because Bitcoin has cycles from halvings, measuring quarterly growth makes no sense. Rather growth of the company should be measured in bitcoin. Most companies will get smaller each year as we transition to post labor economics. The companies that grow in bitcoin terms will be the ones able to contribute to making their sectors highly deflationary.
As companies time preference moves towards 4 year goals instead of quarterly goals humanity will benefit greatly🧡
#nostr #bitcoin #lowtimeprefrence #halving
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npub16eqv...u3m6
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How do I set up a wallet so that I can send and receive zaps. New to Nostr
#bitcoinsavesus #asknostr #asknostrdev #grownostr #orangepill #subsidizethis
Ideas are capital.
That capital has been bound up with social media networks. The world tends to go through massive changes when we can better get a return on that capital. #Nostr and #Bitcoin will be the printing press of the 21st century.
@Deleted Account
What would the world look like today if we discovered location independent energy demand in year 9 rather then 2009?
@Deleted Account
Bitcoin mining creates location independent energy demand. Cheapest energy wins and gets cheaper by economies of scale.
Because of this…
When you build applications on Bitcoin you don’t just solve a problem or bring down the market equilibrium price with your product or service.
You don’t just help the unbanked bitcoin bag holders getting pulled out of poverty by their bitcoin savings.
You increase the energy consumption of the Bitcoin network, helping us get to a future where abundance of energy orders of magnitude above today is available to everyone.
The most efficient way to help make the 🌍 a better place is to #stacksats and #buildonbitcoin
@Deleted Account Bitcoin is the new CPI
-CPI will be looked back on as being a federal reserve scam.
-It is adjusted to be filled with things that money printing makes cheaper like corn rather then a grass fed steak. Therefore it does not measure cost of living expenses but rather cost of living expenses for a worsening quality of life as incentive structures get broken. If your stubborn about maintaining certain things of quality that existed in past generations before today your inflation rate is higher then what the fed claims it to be.
-A Bitcoin based economy can measure inflation or rather deflation accurately in a impossible to manipulate way in the two worlds that we will have, physical and digital.
Physical: inflation or deflation can be measured over periods of time by comparing the formula for energy value of 1 Bitcoin.
10 minutes of energy used by the Bitcoin network ➗total block reward = physical value of 1 bitcoin at time of being mined.
Digital: inflation or deflation can similarly be measured over periods of time by comparing the formula for computational or digital value of 1 Bitcoin.
Average hashes used by the Bitcoin network for 1 block➗total block reward = digital value of 1 bitcoin at time of being mined.
For example, if the Bitcoin network never used more energy, the block reward stayed the same rather then decreasing, and new technologies to make production of new goods and services more efficient stopped being produced then the physical economy would have a 0% inflation rate.
If Moores law continued as is the digital economy would experience deflation. Digital deflation can happen without physical as it is today but when both are happening at the same time things will begin to look very different.
What happens when Bitcoin mining itself incentivizes the very variables that will drive hyper deflation in the physical and digital when most the world is on the opposite fiat system?
Measuring bitcoin and why you should have some…