does a perfectly scarce deflationary asset (grows in value over time) have any social/geopolitical value? e.g. a True Family Heirloom that grows more powerful over time and is passed from generation to generation
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from a state perspective, this allows the population to become a decentralized militia at will while this seems “bad” it is actually the purified ideal of “the right to bear arms”
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this right is ridiculous from the perspective of most. y would u want ur people to be armed and pose a threat against you? it creates both a political threat as well as disruptive social threats like shootings yet for some reason it is enshrined in the u.s. constitution
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the benefit seems to be that it forces “servant leadership” and does not FORCE followership. if leaders have to be good leaders to actually lead, then good leaders are produced just like the brutal restaurant industry of manhattan forces decent restaurants
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it is also an acknowledgement of the corruptibility of centralized systems and perhaps the hooman heart as well
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the opposite of a deflationary asset is one that rots over time, one that begs to be used as a commodity rather than something sacred
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stimulus checks easily chase ideas like shiba coin b/c it’s easier to gamble “free” money inflationary assets similarly create incentives for unstable leveraged futures b/c it’s not “precious”
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an asset that grows in value over time on the other hand is ONLY deployed when there is something Real to be done that justifies the instant liquidity. the piggy bank is broken only for Important Things
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just as the right to bear arms motivates effective leadership under threat of deposition and social unrest, the right to deflationary assets motivates effective economic policy under threat of black markets and tax evasion
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End of conversation
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