Hanshan's avatar
Hanshan
hanshan@hanshan.io
npub1lxza...svxa
People improve through making mistakes. Free people make their mistakes faster. Nostrich since 761114.
Hanshan's avatar
Hanshan 5 months ago
For starters, no. The argument is NOT that "without inflation people will not spend" The argument is that a *maximally deflationary environment* is not in the best interest of human progress. Saifes explanation here is full of flaws. Most people do not buy brand new phones, they defer purchasing until the new model is cheaper. Yes people will still make purchases, for necessity and pleasure. A maximally disinflationary environment disincentivizes all capital investment and all purchasing as much as possible. Using gold as an example of people spending on a hard money standard? Gold has supply inflation bro. Gold is evidence that a hard cap is NOT a requirement for good money. The requirement is that supply is known, stable and requires Work. All in all very not convincing. View quoted note →
Hanshan's avatar
Hanshan 5 months ago
Transacting directly with your peer permissionlessly is the revolutionary act. Not which chain you do it on. #Isomorphism
Hanshan's avatar
Hanshan 5 months ago
privacy is just for old people, its not actually related to human freedom in any important way, its all in how you look at it. #NormalizePrivacy View quoted note →