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when money supply is always growing, your ownership over the world has a constant rate of decay. you will be recycled whether you want to or not. vs bitcoin where your death can permanently reduce supply.
when supply is reduced, trade is more difficult. 1000 seashells may be enough for a small village to track all the favors, but it's not enough for a megacity of millions. inflation ideally tracks the amount of 'activity' going on within a system.
cash is like sugar, you want just enough of it so that all cells get the ATP they need but too much and it's toxic, it needs to be converted into a more stable form like fat. note that in a perfect sugar system, there is no excess energy for sth like cancer to leech.
so... inflation is the idea that eating more is necessary if you exercise more or are building muscle. but that morbid obesity is not a valid strategy for lack of energy.https://twitter.com/a_yawning_cat/status/1361836142245466112 …
bitcoin seems to be a desire for a kind of immortality where you don't have to eat because you don't have an asshole. like kim jong-un. it's like if ur rectum were connected to your stomach. infinite energy??? fully self contained. perpetual motion.
imo it's more like a club. like the coins in john wick. they're basically valueless in the 'real' world but have very high value within an elite circle that has a lot of leverage over the rest of the world.
buying bitcoin is a way to create a new 'elite'. which is why it's...great(?) that it's gaining institutional credibility? hmm...feels more like leaving google and starting ur own company with the very goal of being acquired back into google for big payday.
which is y it's popular amongst the "i'm an enlightened w/ spiritual immortality and am totally not a vampire." as well as the "I wanna be big dog this time" poors and the "I've lost my past so give me something eternal to hold onto." homestead sovereigns.
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