33 sats \ 2 replies \ @orthzar 8 Dec 2023 \ on: Stacker Saloon
The fact that the supply of USD is shrinking, yet the price of BTC is rising, indicates that quantity of resources in the US economy is shrinking. Or, you could think of it as the US economic output decreasing.
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18 sats \ 1 reply \ @DarthCoin 8 Dec 2023
and yet all the people thinking about fiat are fucking morons....
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0 sats \ 0 replies \ @orthzar 8 Dec 2023
If their goal is to accumulate more fiat, then, yes, they're ngmi.
Nevertheless, the fiat price of BTC has some limited use, but only when coupled with other data and proper economic theory (which most fiatists don't have).
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