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0 sats \ 2 replies \ @telcobert OP 5 Jul \ parent \ on: Once Bitten! • Bills Of Exchange Built On Bitcoin # 550 • Listen on Fountain bitcoin
As I mentioned, this simply does not work, there is no such choice because there CANNOT be. Real goods flowing needs elastic medium of exchange.
Hayek wrote quite lucidly in "Prices and Production" if you care about economics.
If not, I have no time to teach this.
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100 sats \ 1 reply \ @mo 5 Jul
Hayek wrote quite lucidly in "Prices and Production
That book is nearly 100 years old, evaluating the consequences of the industrial revolution. We are in the 21st century, things are changing, especially now, with bitcoin, we have an opportunity to make things differently. Why continue replicating what has been wrongly done in the past with the technology of today?
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0 sats \ 0 replies \ @DarthCoin 5 Jul
Why continue replicating what has been wrongly done in the past with the technology of today?
well said
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