0 sats \ 2 replies \ @jk_14 2 Nov \ on: MONEY CLASS OF THE DAY: Macro Purchasing Power Under Fiat, Gold, and Bitcoin econ
No, he is not in the same position.
Because only I see the content of my wallet - while he doesn't see it.
And I give him ten-dollar banknote which I prefer: so, a used one, but still in acceptable condition for anyone.
He simply doesn't know if I have another ten-dollar banknote (brand new) inside my wallet or not.
#739814
Still have to make a judgment call, backward induct. Everyone knows that everyone keeps better notes out, so everyone negotiates/gambles for better.
You're not proving anything here, sir.
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