Thanks for sharing. I haven't read it all yet. I'll listen t...

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↳ Reply to Dr. The Daniel 🖖 (npub1aeh2zw4elewy5682lxc6xnlqzjnxksq303gwu2npfaxd49vmde6qcq4nwx)
Relax, it’s going to be okay. nostr:naddr1qvzqqqr4gupzpqnwn7y4hqdtgxj9ygngkfy7drgze2qkpr002c4yj08wxhlut36eqqxnzde5xs6rjv3kxcer2vp3lc8ac9
Thanks for sharing. I haven't read it all yet. I'll listen to it on Boris tomorrow.
This makes me want to write my own article about stablecoins now.
Basically, #bitcoin is the invisible hand Adam Smith wrote about.
Stablecoins are the debasement Adam Smith wrote about(visible hand).
I don't think the invisible hand is about markets. It's about the money behind the markets.
Most people will prefer the government stamp of approval stablecoins represent, the visible hand.
People who are aware of the correlation between money printing and hyperinflation will choose bitcoin. That's just not many people. We just need to accept that. I don't like it. I kind of feel sorry for people who trust the government(regardless of which team is in power) but that's out of my control.
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"content": "Thanks for sharing. I haven't read it all yet. I'll listen to it on Boris tomorrow.\n\nThis makes me want to write my own article about stablecoins now. \n\nBasically, #bitcoin is the invisible hand Adam Smith wrote about.\n\nStablecoins are the debasement Adam Smith wrote about(visible hand).\n\nI don't think the invisible hand is about markets. It's about the money behind the markets.\n\n\nMost people will prefer the government stamp of approval stablecoins represent, the visible hand.\n\nPeople who are aware of the correlation between money printing and hyperinflation will choose bitcoin. That's just not many people. We just need to accept that. I don't like it. I kind of feel sorry for people who trust the government(regardless of which team is in power) but that's out of my control.",
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