@NEEDcreations@thenarr47271717@LynAldenContact Supply centralization occurs because a centralized entity can print money. You’re not centralizing anything in a free market only way to get more coins is to be productive and create value which would benefit society. This should be obvious at this point
@4moonsettler@BTCPrague@jimmysong This is literally how bank runs happen your talking in a circle. Hard money base paper ontop surprised price temporarily bank runs occur free market revalues. This is what happen to ftx and to Us bank before the central bank
@4moonsettler@BTCPrague@jimmysong They’re gonna get rekt by the people do do self custody same as ppl who buy bitcoin in self custody wrekt ppl who bought shitcoins (as a trend) or still hold fiat (as the greatest network effect ever)
@4moonsettler@BTCPrague@jimmysong No I agree people need to still take custody AND use it as a MOE for it to resist FR. It will FR if those two things don’t occur
@4moonsettler@BTCPrague@jimmysong Blockfi looked like blockfi because the free market resists FR. The scale is different ofc. But it’s the same idea as fiat, there is no fundamental difference between the Venezuelan bolivar and the USD they ultimately both have a marginal cost of production of 0.
@4moonsettler@BTCPrague@jimmysong It doesn’t hurt my feelings they’ll look like blockfi. But again BTC needs to be a MOE to resist FR I will get papered over if it’s just a SOV like gold
@4moonsettler@BTCPrague@jimmysong They can do it for a period of time but it will look like ftx blockfi gox and Celsius in time. But I do believe it needs to be a MOE to avoid this risk. If its not then yes FR can persist for very long periods
@4moonsettler@BTCPrague@jimmysong Central currency on top, all contracts were denominated in $ no oz of gold and really this happens because gold can’t really function as a MOE so it would happen to gold again
@stephanlivera@Swish5wisher They won’t hold value at all even the “special” ones they’ll still be deflationary in hard money they may just fall slower than the cardboard cutouts we can “print”
@4moonsettler@Pran10000 Yup this is a new 2026 mission for me, may even try to build a business around it. Up until know people are not seeing it this way I will try
@4moonsettler@Pran10000 And with all that btc is still objectively rising overtime. So your still accumulating an appreciating currency and the IRR of doing this > than just looking naively at the cagr
@4moonsettler@Pran10000 This removes a debt mindset it removes a speculative “waiting for the tipping point” mindset. And actually allows you to unlock liquidity in your wealth that can help you grow you income and wealth more