Every time you sell a thing you are contributing to the supply of it and therefore lowering its price. Everytime you buy a thing you are contributing to the demand for it and increasing its price.
As more and more people sell fiat and buy Bitcoin, the price of fiat sinks and the price of Bitcoin rises. As time goes on, the bad guys can keep printing fiat if they like.
They're just going to find that they cannot exchange even large quantities of their worthless shitcoin for any meaningful quantity of real goods.
Boom, proof by induction.
omarmadani0 / Omar Madani
npub1x0…gyz2j
2024-08-23 07:11:46
in reply to nevent1q…yrr6
Author Public Key
npub1x09pj9xy49jqndhghtwhl9e8nagzj3m7rm0zxtr2vh9kes7r0k3qdgyz2jSeen on
wss://nostr.bitcoiner.socialPublished at
2024-08-23 07:11:46Event JSON
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"pubkey": "33ca1914c4a96409b6e8badd7f97279f5029477e1ede232c6a65cb6cc3c37da2",
"created_at": 1724397106,
"kind": 1,
"tags": [
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[
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"content": "Every time you sell a thing you are contributing to the supply of it and therefore lowering its price. Everytime you buy a thing you are contributing to the demand for it and increasing its price. \n\nAs more and more people sell fiat and buy Bitcoin, the price of fiat sinks and the price of Bitcoin rises. As time goes on, the bad guys can keep printing fiat if they like. \n\nThey're just going to find that they cannot exchange even large quantities of their worthless shitcoin for any meaningful quantity of real goods.\n\nBoom, proof by induction.",
"sig": "1fe94e187cdf2995ba06d886dca2cb9a9504d40ccd199b57608de0c65415997086e9dc2fd0981971426e070d56426bb2b60f5aa82d09dbdca107fca3fa360cf4"
}