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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.

Technology and Bitcoin vs Fiat

Technology increases productivity, which reduces the cost of goods to their marginal cost of production. (per Jeff Booth)

  • Fiat inflation: increased money supply leads to inflation which leads to increased prices which fucks with citizen’s savings and purchasing power.
  • Technology is deflationary.
  • Fiat is inflationary.

Bitcoin: Supply cap of 2.1 quadrillion satoshi. And as of April 19, 2024, has a lower inflation rate (supply issuance) than gold – making Bitcoin harder money than gold. (Gold inflation rate ~2% per year; Bitcoin inflation rate ~0.8% for the next 4 years post-halving at block 840,000).

  • Bitcoin follows a specific issuance, which decreases ~every 4 years, leading to an eventual supply issuance of zero. Leading to a zero inflationary asset.
  • Government fiat does NOT follow a specific issuance, suffers from deficit spending and bank loans, leading to ever-increasing inflation.

Putting it all together:

  • Technology increases productivity, which lowers cost of goods to their marginal cost of production.
  • Fiat economies suffer from inflation, that fucks over citizen’s savings and purchasing power.
  • Bitcoin is less inflationary over time, protecting citizen’s savings and purchasing power.

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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.