Or Do We Need To Buy Pizza With Bitcoin?
I'm not saying hodlers should not hodl (Yes, for those who are new, that's the pro web 3.0 term for holding fast to your bags) or anything. But that old thing called currency works because it flows. It was there for people to trade...well, we traded goods and services once, you might remember. Not only tokens from one pool for tokens to another pool. For those, things best hodled (held fast to) are not the greatest medium of exchange. That's why the crypto reserves we'd like to keep for the bright future are more like hodlencies than currencies. How do we part with them when we're confident they would be much more expensive in the future?
The frozen river I took a shot at near my 'hood reminded me of the opposite.
The Heat Death of the Universe. The entropy theory that energy flows from places with high pressure to places with low pressure. And some heat is released. And eventually, if we take the Universe as a closed system, energy would reach its ultimate balance. No energy flowing anywhere anymore. No motion, just stillness.
In inflationary environment, fiat money flow the counterentropicwise (Aye, lets mint them new words...I started with the title, after all). That is to say, from the many to a few, creating imbalance. High pressure points and low pressure fields where energy could flow back to. Huge motion potential built up.
I'd like to just open up a few questions for discussion...
Are we moving towards stillness in crypto by hodling?
How do deflation and recession correlate?
Are altcoins an answer to Bitcoin's expected future lack of liquidity?
Is demand better driven by low supply or by usefulness?
Why do people prefer locking up capital for the simple interest gain?
Wen Lambo?
Why Lambo?
Would you rather invest into a business in a country where there's some deflation being planned than in a country where taxes for business are low?
Did I say good night, already?
Yours,
Manol