330 sats \ 9 replies \ @SovranSystems 30 Jun 2023 \ on: Let's hear your controversial Bitcoin take. I'll go first: bitcoin
Bitcoin will deflate itself out of existence, leading to a Resource Based economy.
Im gonna pay you in chickens?
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how about in watts?
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That is right. Intrinsic value means only items that sustain life on this planet. Can you eat it, shelter yourself with it, or protect yourself with it. As we have to remember all "money" is mind control.
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Sorry Im unable to pay you as we arent in same place at same time. Chicken money has failed in digital world. You are few thousands of years behind the curve.
Also, I dont know how to make a "standard chicken" to know Im paying you exactly as I want.
What if you already have too many chickens? My payment will fail. What a shit system brother. Im out.
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Yes, I see your point. At the same time, this comes from the assumption that the earth's resources are scarce. In reality, the earth's resources are unlimited. Therefore, there does not have to ever be a "medium of exchange," as in a Resource Based economy you ask and it is given, eliminating a medium of exchange. As of right now, we can have all that we need. Governments and the belief in "money" have put us in this situation where there needs to be a "medium of exchange."
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They indeed are unlimited but to get them takes human time and that is limited. Even making robots takes human time.
And you have no answer to counter value to that.
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This is just retarded, not controversial. You don't know how a mathematical partition works. 🤡
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Bro! What gives?! Give me your resource for mathematical "partitions." Enlighten me and I will decide who is a clown.
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Sure. Bitcoin is a system for partitioning the UTXO set and updating tbe partition.
The partition gives you a distribution, and that distribution is SCALE INVARIANT.
Moreover, bitcoin are lost on a percentage basis, not quantity, so you can lose 1% per year forever and never run out.
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