CantillonEffet on Nostr: Satoshi likely called it coin in #Bitcoin b/c there is no repayment obligation. ...
Satoshi likely called it coin in #Bitcoin b/c there is no repayment obligation. Minted coins were previously the only type of money without such obligations. It's good money as it's not debt, but a commodity good created in a coinage like process by those finding valid blocks.
Published at
2022-12-30 20:31:22 UTCEvent JSON
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"pubkey": "fe1d10131ca6103715d261f1615a8cd31f6b68a3d1a3272aab8e9e83f787126e",
"created_at": 1672432282,
"kind": 1,
"tags": [
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"content": "Satoshi likely called it coin in #Bitcoin b/c there is no repayment obligation. Minted coins were previously the only type of money without such obligations. It's good money as it's not debt, but a commodity good created in a coinage like process by those finding valid blocks.",
"sig": "82ed4497c5865aa9a77167876e768cbb5337e7f3f65ead71eb35d5872baaf3d60d68ef583f8788682b79bb331960d5b01cb2689944d392869826de4703176640"
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