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0 pointsNursie5y ago0 comments

There's no lever there. In a bitcoin economy there's no chance your contract gives you a fixed salary in the first place, it would be tied to some measure of inflation.

Like I said, most of the rest is just a rehash of gold standard stuff.

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ballofrubber5y ago

> Like I said, most of the rest is just a rehash of gold standard stuff.

Exactly, however bitcoin is infinitely better money than gold and makes the "gold standard" viable. Fortunately the gold standard has a lot of proponents globally, some of whom started embracing bitcoin.

I just hope that the experiment bitcoin keeps on going and I'm guessing we will see some form of resolution, maybe even in this decade. There is a lot to learn still.

NursieOP5y ago

Ah, I see, you haven't figured out why the gold standard was terrible either.

ballofrubber5y ago

Tbh. my very basic knowledge comes from strongly opinionated austrian economics literature, which tends to confirm my bias, and from [0], which at least gives me some data points to refer to.

Do you mind giving me some of your arguments why it's terrible?

[0] https://wtfhappenedin1971.com/

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ballofrubber5y ago

> Like I said, most of the rest is just a rehash of gold standard stuff.

I just hope that the experiment bitcoin keeps on going and I'm guessing we will see some form of resolution, maybe even in this decade. There is a lot to learn still.

NursieOP5y ago

Ah, I see, you haven't figured out why the gold standard was terrible either.

ballofrubber5y ago

Tbh. my very basic knowledge comes from strongly opinionated austrian economics literature, which tends to confirm my bias, and from [0], which at least gives me some data points to refer to.

Do you mind giving me some of your arguments why it's terrible?

[0] https://wtfhappenedin1971.com/

1 more reply

j / k navigate · click thread line to collapse