Been a long day of teaching monetary economics to digirati, but here goes: 1 Bitcoin supply capped 2 Economy grows 3 So, each bitcoin buys more. That's deflation 4 Over 90% of dollar market is not base money, it's credit 5 No one borrows in deflationary currency 6 Bitcoin failshttps://twitter.com/RadVladdy/status/1040012043695386630 …
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Worth what you can buy with it
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but what is fiat’s “inherent value” that you demanded above? inherent. what is its “inherent value”?
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What you can buy with it. It is a currency..a medium of exchange without which we get pushed into the dark ages.
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That’s not “inherent”...
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Try not using currency from today, living with barter, tell me how easy your life becomes tomorrow
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Obviously barter needs to be solved but currency doesn’t have to be mandated by the government, it can be chosen by the market, like Gold was for thousands of years
End of conversation
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