Oddbean new post about login | logout One of the ECB paper authors on the Cantillon effect of bitcoin. How ironic. https://threadreaderapp.com/thread/1847966507940126736.html
"Bitcoins value is shaped by government policy" 🤣🤣🤣
He's a fragile snowflake. https://image.nostr.build/13334f92a0f264828fcf29a2c1d76acb2d2336264c0c7159262fc9966f46b723.jpg
Clearly not understanding #bitcoin. “… the wealth gains by early adopters come at the expense of latecomers or non-holders, leading to significant redistribution effects”. What wealth gains? I still have an x% holding of all the bitcoin there will ever be. Unless I stack more sats my wealth is static.
