0 sats \ 2 replies \ @SantaNotSanta 5 Jun 2023 \ parent \ on: Onlyfans has 50x more revenue than Substack. Why don’t we built a ⚡️ version? bitcoin
so if people keep buying and not spending, bitcoin dies?
Yes.
Everything starts to unravel when there is no market for fees.
Please refer to 'Hoarding Fallacy' on page 34 and 'Reserve Currency Fallacy on page 75 of 'Cryptoeconomics" by Eric Voskuil available for free at voskuil.org
To put it most simply, the rules are enforced through ongoing trade.
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appreciate the links, i will check those out. but import to point out theres a big difference between no market for fees and a strong market of long term buyers. it's not all or nothing
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