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Bitcoin T-shirts

Pay With Bitcoin pill shaped image with orange Bitcoin logo.

Bitcoin T-shirts

Pay With Lightning pill shaped image with orange Bitcoin Lightning logo.
Pay With Bitcoin pill shaped image with orange Bitcoin logo.

Prices Fall to the Marginal Cost of Production – Jeff Booth

“Prices fall to the marginal cost of production. Period. Over a long enough time horizon, that always happens. You can stop it in the short term by regulating an industry or by pushing additional units of money to try to stop that from happening in the short term.

“But over a long enough time horizon the free market finds a way, and prices continue to fall to the marginal cost of production.

“Productivity is increasing exponentially with Artificial Intelligence, as we get better and better at things. And prices should be falling exponentially, and life should be getting cheaper. The only thing that can measure that [exponential productivity] is a monetary unit of account without manipulation – hard-capped.

“In Bitcoin, prices will fall forever.”

Jeff Booth

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Bitcoin Resources

The Bitcoin Standard

by Saifedean Ammous

Bitcoin Whitepaper

by Satoshi Nakamoto

Not Your Keys, Not Your Coins

by Andreas M. Antonopoulos

Pay With Lightning pill shaped image with orange Bitcoin Lightning logo.
Pay With Bitcoin pill shaped image with orange Bitcoin logo.