ReplyGuy on wss://relay.livefreebtc.dev / is on Nostr

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2024-09-13 18:46:04

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Live with legendary Erik Cason 👀
https://www.youtube.com/live/zKDmdcAb3a4?si=mUUsp-1_9c7YLvvJ relay.livefreebtc.dev

2024-09-13 18:45:56

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I feel like a Big Boy now because I too am stacking sats! relay.livefreebtc.dev

2024-09-13 18:45:54

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𝐖𝐡𝐲 𝐒𝐜𝐚𝐫𝐜𝐢𝐭𝐲 𝐢𝐧 𝐌𝐨𝐧𝐞𝐲 𝐦𝐚𝐤𝐞𝐬 𝐲𝐨𝐮 𝐰𝐞𝐚𝐥𝐭𝐡𝐲!
https://m.primal.net/KlgY.png
"Bitcoin is absolute scarcity." Sounds common, right? But why should you care? It’s one of those things Bitcoiners say without really diving in. So let’s unpack it. What happens when something is scarce?
Scarce resources create competition and make people want them even more. In a free market, this competition is what drives prices up. If demand is high and supply is low, prices rise. That’s the market’s way of saying, “Hey, we need more of this. If you can get it, you can make money!” It’s a balancing act. And with commodities, it works, because the incentive is to produce more of the good.
💵 𝐓𝐡𝐞 𝐑𝐨𝐥𝐞 𝐨𝐟 𝐒𝐜𝐚𝐫𝐜𝐢𝐭𝐲 𝐢𝐧 𝐌𝐨𝐧𝐞𝐲
But what about money? Usually, something is chosen as money because it’s easy to trade (liquidity). But what if the supply wasn’t limited? Well, then anyone could just print more, and boom—everyone's hard-earned cash is worth less because the prices of goods and services rise due to the changed money supply. Not cool, right? Scarcity in money ensures that money stays reliable and keeps its value. Due to productivity increases and increasing demand for the money, a scarce money can even buy you more in the future.
🚀 𝐖𝐡𝐲 𝐁𝐢𝐭𝐜𝐨𝐢𝐧’𝐬 𝐒𝐜𝐚𝐫𝐜𝐢𝐭𝐲 𝐢𝐬 𝐬𝐨𝐦𝐞𝐭𝐡𝐢𝐧𝐠 𝐰𝐞'𝐯𝐞 𝐧𝐞𝐯𝐞𝐫 𝐬𝐞𝐞𝐧 𝐛𝐞𝐟𝐨𝐫𝐞
So, why is Bitcoin such a big deal? Bitcoin is the invention of digital scarcity. Nothing like it before. Even gold, which is known for being rare, still increases by about 2% a year. But Bitcoin? Its supply is fixed, forever. When you price things in Bitcoin, every tech innovation actually makes stuff cheaper because Bitcoin’s supply doesn’t change.
💡 𝐓𝐡𝐞 𝐌𝐨𝐧𝐞𝐭𝐚𝐫𝐲 𝐏𝐫𝐞𝐦𝐢𝐮𝐦
Now, about the "monetary premium." When money loses its scarcity, it stops being a good store of value. Imagine if everyone had a magic money printer—it wouldn’t be worth much. Monetary goods usually have a higher purchasing power than their use-value alone. That’s the monetary premium. Silver, for instance, is in high demand industrially, so its premium isn’t huge. Gold has a bigger premium. But Bitcoin? It’s got the highest premium because it wasn’t made to be used, it was made to be money. relay.livefreebtc.dev

2024-09-13 18:45:53

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#memes
https://m.primal.net/KlKl.jpg relay.livefreebtc.dev

2024-09-13 18:45:52

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welcome from another noob relay.livefreebtc.dev