A worthwhile read on #bitcoin from the inimitable nostr:npub1g4lp0dl2j75ytgx3l287m2vhvktx0r363t6xm3n8r4qwq5xws47swgxt9c
“The long term bull case remains:
We are headed into an era of abundant non-human labor and intelligence, which will eventually lead to abundant energy.
Anything that is scarce will be made abundant.
Which is why the world needs engineered scarcity to store its value.
You need it, I need, corporates need it, sovereigns need it... Anyone with value to store durably into the future needs it.
Bitcoin is the ultimate store of value for the AI and humanoid era.
This view will become more commonly accepted when Bitcoin is trading at $1 million per coin.
But you understand it today.
And that's your edge.”
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Replies (3)
Agreed.
A.I. will accelerate the enrichment of Bitcoin holders because Bitcoin is a free market that allows technology advancement to create price deflation and increase purchasing power.
On the contrary, A.l. will accelerate the impoverishment of fiat holders. Because the fiat system cannot have deflation, technology advancement means that larger and larger amounts of money must be printed to counteract its deflationary pressure.
You get it, nostr:npub1lx39szthl8e9hr44jrhqk4qeu7p69tuawe5eqmdnw4w6ndmf7juswd6gy2 !!
I love your writing, by the way. Looking forward to reading more
Thank you for the kind words!