"The reason gold was used as money more than granite is no longer relevant." I disagree. Yes moneys are stories, but they are not arbitrary stories. The money-winners eventually emerge due to possessing very specific characteristics.https://twitter.com/TusharJain_/status/1009926106504400897 …
That’s not total aboveground supply inflation. That’s dilution & counterfeiting, which is different.
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Lol. What would be the analogy of dilution in Bitcoin - and still pass as currency as gold was?
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I guess a double-spend. But it’s not cheap or easy to execute.
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That won't be accepted by the Bitcoin network [it won't pass as currency].
End of conversation
New conversation -
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I consider inflation in a generalized sense [as it has the same debasing effect on the value of the currency], whether through aboveground supply or dilution as you typed.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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