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
Post by twetch#678
bitcoin is hard austrian concept. elastic supply on demand cant work. That's why gold was dropped.
What the chain says
- Block
- 657 862
- Time
- 2020-10-21T16:39:35Z
- Signer
- 19gAUDU4VQoVuLgeL9pwTepPsZonqvALhv
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#678
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
19gAUDU4VQoVuLgeL9pwTepPsZonqvALhv VerifiedReplies (3)
Copy that. I'm familiar w/ MMT - just was reading her book as she's the current face of it. Just listening to CSW emphasize his roll as the "issuer" made me think of parallels -- as MMT rests on the idea that Gov'ts can print as they "issue" the currency.
This plus Gilder's ruminations -- just had me asking myself:
How stoney is that protocol actually?
How is that 21M cap actually enforced?
Again, I think the answer is that if an attempt were made to violate the cap - the miners / processors would reject.
users will dump too
I get Gilders point on the thing that money is a measuring stick not something valuable in itself
if bitcoin gets to that point than it gets wierd for me