This is very nicely put!
My thought were about holding vs circulating as well. The historic example I thought about was Mansa Musa of the Mali empire who caused gold inflation in Egypt on his hajj.
It‘s just that a some point holding or spending doesn‘t make a difference anymore. If there is a king (and only one) and he has all the gold, he cannot use it with his people.
schmijos / Josua Schmid
npub1ax…h6ukq
2024-03-19 15:25:41
in reply to nevent1q…r23a
Author Public Key
npub1axy65mspxl2j5sgweky6uk0h4klmp00vj7rtjxquxure2j6vlf5smh6ukqPublished at
2024-03-19 15:25:41Event JSON
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