JackMDurden on Nostr: The 21 million is the answer. Credit money survives because it can always be diluted, ...
The 21 million is the answer. Credit money survives because it can always be diluted, the margin call never fully arrives because the escape valve is always open. Bitcoin closes the valve permanently. Digital credit faces the same margin call as analog credit the moment people understand that 21 million means no bailout, no expansion, no escape. Decentralization and security are the enforcement mechanism. The fixed supply is the sentence.
