Why is it that #bitcoin , as a deflationary currency will become ultimately distributive rather than hoarded?
It comes down to savings, purchasing power and time preference.
Yesterday, I spent about 4hours replacing and re-greasing the bearings on my boat trailer.
I’m not a mechanic, it’s not something I do every day, so it takes me longer than it should have.
I could have paid someone to do this now in far less time, it’s true.
But, one of my goals at the moment is to increase my stack. So I chose to save the sats and chose instead to swap my time instead and do it myself.
As my purchasing power increases over time, there will come a point where I value my time over my money.
I will gladly pay the next pleb some of my stack to change those bearings so that they too can choose time over their stack to build their own future.
In an inflationary environment, there is no light at the end of the tunnel, I will be changing my own bearings forever.
An inflationary currency has created a world where we are jack -of-all-trades but masters of none.
In an inflationary environment, there is no light at the end of the tunnel, I will be changing my own bearings forever.
An inflationary currency has created a world where we are jack -of-all-trades but masters of none.
A deflationary currency will create net new jobs as people have the option to choose if they replace their wheel bearings or pay someone else to do it.
As time preferences extend, saving in hard money allows you to make better choices around how to spend that saved time.
An inflationary currency does the opposite. It Incentives plebs to diy rather than paying professionals.
An inflationary currency means mediocrity rather than specialist skills.
A deflationary currency will allow people to pursue their passions and create a more beautiful world.
It will bring focus back to art and craftsmanship and pride in our work.
It will give people back their saved time to pursue perfection and focus on their specialty.
It will bring a focus back to the real world of what must be done by the skilled shape of hands, back to building things and fixing things and making things.
The service industry is at its end. ChatGPT and the like will make the service and information industry redundant.
This is the dawning of the new Renaissance. The beginning of a new period of quality and beauty.
Imagine a world where all these autistic dreamers are allowed to focus their energy on whatever they want.
Where people get to choose how they spend their time.
I’ve never been more excited about this future for my kids.
For now, I’ve got a mess in the garage I’ve got to clean up.
daz / Daz B
npub1jq…6akee
2023-03-19 01:39:11
Author Public Key
npub1jqckepsld3xn98aeq7yg72g0yrqkz92vegkv6k3prfhkzu356v5qa6akeeSeen on
wss://relay.noswhere.comPublished at
2023-03-19 01:39:11Event JSON
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"content": "Why is it that #bitcoin , as a deflationary currency will become ultimately distributive rather than hoarded?\n\nIt comes down to savings, purchasing power and time preference.\n\nYesterday, I spent about 4hours replacing and re-greasing the bearings on my boat trailer.\n\nI’m not a mechanic, it’s not something I do every day, so it takes me longer than it should have.\n\nI could have paid someone to do this now in far less time, it’s true.\n\nBut, one of my goals at the moment is to increase my stack. So I chose to save the sats and chose instead to swap my time instead and do it myself.\n\nAs my purchasing power increases over time, there will come a point where I value my time over my money.\n\nI will gladly pay the next pleb some of my stack to change those bearings so that they too can choose time over their stack to build their own future.\n\nIn an inflationary environment, there is no light at the end of the tunnel, I will be changing my own bearings forever. \n\nAn inflationary currency has created a world where we are jack -of-all-trades but masters of none.\n\nIn an inflationary environment, there is no light at the end of the tunnel, I will be changing my own bearings forever. \n\nAn inflationary currency has created a world where we are jack -of-all-trades but masters of none.\n\nA deflationary currency will create net new jobs as people have the option to choose if they replace their wheel bearings or pay someone else to do it. \n\nAs time preferences extend, saving in hard money allows you to make better choices around how to spend that saved time.\n\nAn inflationary currency does the opposite. It Incentives plebs to diy rather than paying professionals. \n\nAn inflationary currency means mediocrity rather than specialist skills.\n\nA deflationary currency will allow people to pursue their passions and create a more beautiful world. \n\nIt will bring focus back to art and craftsmanship and pride in our work.\n\nIt will give people back their saved time to pursue perfection and focus on their specialty.\n\nIt will bring a focus back to the real world of what must be done by the skilled shape of hands, back to building things and fixing things and making things.\n\nThe service industry is at its end. ChatGPT and the like will make the service and information industry redundant. \n\n This is the dawning of the new Renaissance. The beginning of a new period of quality and beauty.\n\nImagine a world where all these autistic dreamers are allowed to focus their energy on whatever they want. \n\nWhere people get to choose how they spend their time.\n\nI’ve never been more excited about this future for my kids. \n\nFor now, I’ve got a mess in the garage I’ve got to clean up.",
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