2min chapter

Blue Collar Bitcoin cover image

Basics_02: Monetary History & The Rise of Bitcoin

Blue Collar Bitcoin

CHAPTER

Bitcoin, Senior Ridge, and the Cantaloune Effect

Senior Ridge is basically the ability to print money without having, being able to print it at much lower than face value. And then the cantaloune effect, which is what Daz mentioned, that is the ability for the first people to use the money that's printed to not be affected by inflation. So whether you call them evil or stupid, you'd probably do the same exact thing because you want some free money too.

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