stacktoshi on Nostr: A single individual cannot fix money though. Trade is a social activity. In order for ...

A single individual cannot fix money though. Trade is a social activity. In order for a money to be generally accepted the receiver needs to be confident that others will want that money in the future. i.e. it needs to retain its value across time and space (aka store of value). The other properties of this "freedom currency" don't really mean much without that single one. Currency speculators will always exist as long as there are competing currency, but the vast majority of bitcoin "investors" (ETF buyers) are hedging against inflation and debasement, as it's become nearly impossible to save in fiat currency.