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by bluecalm
1941 days ago
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BTC supply is not flexible. It means it will never be usable as currency. Settlement layer, first layer, tenth layer. It can't work because by the nature of it it will go up when more people want to use it and thus rewarding rent seeking behavior of holding it.
It's well understood basic economy. We had gold standard already, it wasn't workable. If the believers shove it down naive people throats we will just re-learn this lesson and it will be very costly. |
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