0 sats \ 0 replies \ @CarlBMenger OP 21 Apr \ parent \ on: Optionality bitcoin
Know your priorities, narrow down your choices, e.g. by blocking out unnecessary noise, and go all in on the things that are important to you 🔥
Thanks for your detailed response. Indeed, don’t buy luxuries with your hard earned money. Invest that money in appreciating assets and, if you want, buy luxuries with the appreciation and/or accumulated interest. A true game changer for independence and freedom.
Thanks for your feedback and thanks for linking me to the latest conversation. Truly appreciate it. I‘ll check it out.
Ups and downs for all of us, that's part of life. We can only try to be grateful for what we have, enjoy the process and move on.
Exactly. 💯
The combination of simple tastes and a healthy personal financial sheet buys you a whole lot of freedom.
Thanks for your feedback! I am sorry to distract you with different style of quotes. For citation i usually use „“ and for in text highlighting I use ‚‘.
According to Menger, money emerged spontaneously through the self-interested actions of individuals. No single person SAT back and conceived of a universal medium of exchange, and no government compulsion was necessary to effect the transition from a condition of barter to a money economy. In essence he believed that the most saleable good in a marketplace becomes money. Thus it is fair to believe that Menger would be very bullish on #Bitcoin.
If you want to dive deeper into the Austrian School and their theories on money, you can check out my Substack episode "How money evolves": https://carlbmenger.substack.com/p/how-money-evolves and/or read the book „On the Origin of Money“ by Menger himself.
Feedback always highly appreciated!
According to Menger, money emerged spontaneously through the self-interested actions of individuals. No single person SAT back and conceived of a universal medium of exchange, and no government compulsion was necessary to effect the transition from a condition of barter to a money economy. In essence he believed that the most saleable good in a marketplace becomes money. Thus it is fair to believe that Menger would be very bullish on #Bitcoin.
If you want to dive deeper into the Austrian School and their theories on money, you can check out my Substack episode "How money evolves": https://carlbmenger.substack.com/p/how-money-evolves and/or read the book „On the Origin of Money“ by Menger himself.
Feedback always highly appreciated!
Satoshi simply backed into it. 1 sat for each block of the final epoch (halving period), 2 sats for the blocks of the 2nd to last epoch, so on and so forth all the way back to the first epoch (50 â‚¿ per block).
This gets you exactly 20,999,999.97690000 bitcoins. Believe it or not, this is the ACTUAL total maximum supply of bitcoin - not 21,000,000.0000000, as many commonly believe. It is simply rounded to 21M â‚¿.
Now that you understand that 21M â‚¿ was fairly arbitrary, in that it was likely "backed into" by nature of this halving schedule, you can probably understand why 210,000 blocks was the duration chosen to regulate the issuance. It simply gives us a fairly round number of roughly 21M coins... instead of something like 20,638,011.94747192 coins.