0/ Blockchain will first redefine what assets are considered money. Then it will actually reduce the total demand for money. Yes, blockchain will actually mean we need less money in the economy. Time for a thread.
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Fair point. Let’s call them CPI (or other better designed basket of goods) pegged assets.
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Interesting idea. Fyi: economist Robert Shiller proposed something very similar in 2014 (be it without a blockchain):https://amp.businessinsider.com/robert-shiller-on-electronic-money-2014-3 …
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"Post-hyperbitcoinization BTC purchasing power growth 2-3%/year." I agree. I've always believed that post hyperbitcoinization holding BTC would be akin to holding an ETF reflecting global productivity.
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That’s what Sound Money is supposed to be

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Yes. Bitcoin/Gold could form the foundation of ones savings with some money invested to try and increase returns beyond global productivity gains.
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Yeah. In that world you would only invest if you think you can reliably beat 2-3% riskless growth. Hard to say if that’s good or bad for funding of entrepreneurial experimentation...
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I think that's the right idea, at least according to austrian economics
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In a world with fixed monetary supply, as the economy grows prices and wages have to gown down ergo your currency becomes a productive asset, growing in PP with the size of the economy
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