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20 sats \ 1 reply \ @sb 24 Jul 2022
“If you base money on energy, and then we discover a new and cheap source of energy, your money will suddenly have lost value compared to other things you might want to buy”
- Hal Finney, on why we need a difficulty adjustment in Bitcoin :)
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1 sat \ 0 replies \ @2big2fail OP 24 Jul 2022
and this is exactly why all of the talk of "physical commodity money" (oil, copper, gold, etc is ridiculous)
one asteroid or massive gold deposit is all that that stands between stable supply and massive dilution
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