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2026-06-02 22:21:52 UTC
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satoshi jr on Nostr: So I'm not a money is everything guy but its a lower level closer to foundational ...

So I'm not a money is everything guy but its a lower level closer to foundational aspect of how things work.
The chart actually supports the gradual monetization since its not an L.
If you want to know why something has increased in relative price look at supply.
Has the supply of labor drastically increased since 1970?
Yes China happened
How was all that productivity allocated? Did it go to Chinese laborors? Or was it funneled into the financial system?
Now there are other factors. Technology like software is much more winner take all and labor efficient. So the gains concentrate in smaller hands. If you're looking at aggregate numbers, most people lose relatively