Laeserin on Nostr: Also please note that the grant program is using Bitcoin. Bitcoin is gone, if you ...
Also please note that the grant program is using Bitcoin. Bitcoin is gone, if you spend it, and the remainder earns no interest.
That means grants will quickly run out, if they spend it quickly. They can only sustainably spend a portion of the increase in purchasing power, so that they can give out steadily-shrinking grant amounts to the same effect.
Like, do the math.
Published at
2024-06-27 09:29:49Event JSON
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"content": "Also please note that the grant program is using Bitcoin. Bitcoin is gone, if you spend it, and the remainder earns no interest.\n\nThat means grants will quickly run out, if they spend it quickly. They can only sustainably spend a portion of the increase in purchasing power, so that they can give out steadily-shrinking grant amounts to the same effect.\n\nLike, do the math.",
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