Bob Sacamano on Clubhouse
Bio
Hyperbitcoinization will be transitory.
The real prize is in what an already bitcoinized world can do for humanity.
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Money supply elasticity leads to market rigidity over time.
Liquidity should not be provided by state institutions through monetary policy. It should be provided by the market through interest rates or simply through organic supply and demand for problem solving.
Bitcoin enables such types of financing while maintaining an inelastic, auditable supply of the base unit of account.
Instead of a handful of private banks setting reference rates irrespective of base money supply or organic market conditions, capital (re-)allocation on a bitcoin standard could happen at the local or individual level rather than systematically relying on banking institutions, and provide liquidity to the market where/when it is really needed, rather than where/when banks need it to perpetuate the fiat system they have regulatory captured.
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A sound economy fails early and often.
Fiat fails late and catastrophically.
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Monetary value converges to Bitcoin.
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Thinking out loud, not philosophical advice.
Last 10 Records
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| Day | Followers | Gain | % Gain |
|---|---|---|---|
| June 24, 2024 | 135 | +11 | +8.9% |
| July 16, 2023 | 124 | -3 | -2.4% |
| November 13, 2022 | 127 | -3 | -2.4% |
| September 01, 2022 | 130 | +8 | +6.6% |
| July 26, 2022 | 122 | +4 | +3.4% |
| June 19, 2022 | 118 | +7 | +6.4% |
| April 05, 2022 | 111 | +8 | +7.8% |
| February 06, 2022 | 103 | +20 | +24.1% |
| December 30, 2021 | 83 | +7 | +9.3% |
