-
@ Bitman #FixTheFilters
2025-05-06 15:35:18
You’re asking where the code is in Bitcoin that manages price stability? Well, it doesn’t exist — and that’s by design. From an Austrian economics perspective, the idea that money needs to be “managed” to keep prices stable is exactly what got us into the mess fiat systems are in. Central banks trying to engineer stability through manipulation — like QE, QT, interest rate tweaking — creates distortions and endless boom-bust cycles. It’s not stability, it’s controlled demolition of your purchasing power. Bitcoin flips that idea on its head. It doesn’t try to force stability — it enforces credibility. Fixed supply. No backdoors. No printing buttons. Just a predictable monetary policy that no one can tamper with. That’s the foundation for real long-term planning — because you can actually trust the rules won’t change.
As for deflation — the Austrian view is that in a productive economy, prices should go down. Technology improves, efficiency rises — it’s natural for goods to become cheaper over time, falling towards their marginal cost of production. That’s not a threat to planning, it’s an incentive to save and invest wisely. The real problem isn’t that Bitcoin doesn’t manage prices — it’s that fiat systems try to, and end up destroying the purchasing power of your money in the process. The only thing stable about fiat currencies is the denominator - the number that it shows on any given banknote. But if your bread costs $1 today and $1.13 next year, that is not stability - that is your dollar worth 13% less in a year, while the compensation for your work stays flat. It’s silent theft by an invisible inflation “tax”.