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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Replying to @TusharJain_
Don’t you think that ‘inflation-pegged assets’ is fiat-era thinking? Absent money supply expansions, capitalism + technology are deflationary phenomena. Post-hyperbitcoinization BTC purchasing power growth 2-3%/year. Thoughts?
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Replying to @MustStopMurad @TusharJain_
"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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Replying to @xcsler @TusharJain_
That’s what Sound Money is supposed to be
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Replying to @MustStopMurad @TusharJain_
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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