MBC on peck.to

1JPnUQ…oX8n Key · twetch

Reading "The Deficit Myth" by Stephanie Kelton this week. Very accessible read (~3rd grade lvl?) on MMT. Paints a good pic of where fiat-issuers are going.

Question: In BSV-world, if CSW is the "issuer" of bitcoin... what prevents him from issuing more?

What the chain says

Transaction: 19307669529fac2340a20a45e7721c81f6a8974ef496fb86a9c03aea3763cca3
Block: 657 855
Time: 2020-10-21T15:46:47Z
Signer: 1JPnUQemmpGxDx5oraAqMU7ASdQ4XmoX8n
App: twetch
Type: post
Content type: text/plain

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1JPnUQemmpGxDx5oraAqMU7ASdQ4XmoX8n Verified

Replies (7)

MBC 6.0y

1JPnUQ…oX8n Key · twetch

Replying to@1JPnUQ…oX8n

Meaning, in the analogy/rhetoric on set-in-stone... the "protocol" -- what exactly is being ref'd. If the stone is the words of Satoshi himself... and the 21M supply isn't in the white paper but in his postings -- and that's considered a verbal contract...

MBC 6.0y

1JPnUQ…oX8n Key · twetch

Replying to@1JPnUQ…oX8n

"Total circulation will be 21,000,000 coins."

Any further detailed definition of circulation?

Sorry for the rather basic questions, just re-addressing fundamentals.

Overall, I presume the economic incentives of maintaining "the protocol" will push...

twetch#678 6.0y

19gAUD…ALhv Key · twetch

Replying to@1JPnUQ…oX8n

Not sure what you asking.

MMT is a bit of a confused theory imo and I'm not sure you can apply it to bitcoin

twetch#678 6.0y

19gAUD…ALhv Key · twetch

Replying to@19gAUD…ALhv

bitcoin is hard austrian concept. elastic supply on demand cant work. That's why gold was dropped.

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Replies (7)