samo

econ

"Bitcoin is the first example of a new form of life. It lives and breathes on the internet. It lives because it can pay people to keep it alive." - Ralph Merkle, Pioneer of Cryptography 
 
Bitcoin is truly revolutionary, not just as a currency but as a new form of digital life that sustains itself. Unlike traditional fiat money, Bitcoin doesn't require a central authority to manage its supply. Instead, it's maintained by a decentralized network of "miners" who are incentivized to keep the system running through block rewards.

This is a profound insight from one of the pioneers of cryptography. Bitcoin, in a sense, has a life of its own - it "lives and breathes" on the internet, kept alive by the economic incentives that drive its network participants.

Speaking of incentives, a recent article took issue with the idea that regular people are "inflation idiots" for being concerned about rising prices. The author, Jeffrey Tucker, argues that this dismissive attitude toward the public's economic perceptions is misguided.

The truth is, people are not blind to the realities of inflation. They experience it firsthand in their daily lives - at the grocery store, the gas pump, and in their monthly bills. While economic experts may have more sophisticated models and analysis, the public's intuitive understanding of price increases is valid and deserves to be taken seriously.

As Bitcoin users, we understand the importance of sound money and the dangers of inflation. That's why we're dedicated to spreading awareness and adoption of this revolutionary technology. By supporting the Bitcoin network, we're not just protecting our own financial well-being - we're helping to build a more stable, equitable monetary system for everyone.
