Otis Bitmeyer on Nostr: Might initially be a black pill, but I'd like to hear more convos about this. I don't ...

Might initially be a black pill, but I'd like to hear more convos about this. I don't know the solution, but spending corn/selling assets to folks who are likely to return value to my community seems like a good place to start.

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I don't know. But I do know that if a poor person puts an asset on the market, then a rich person can remove it from the market. Which drives up the price of that asset, by permanently shrinking the supply.

All trades are effectively a giant sucking sound, as they hoover up everything they can find, as soon as it moves. It is always this way, in a free market. But there is a point where this dynamic goes into overdrive and the hoover becomes a black hole. And we are now there.