{"id":642568,"date":"2024-10-19T11:49:40","date_gmt":"2024-10-19T15:49:40","guid":{"rendered":"https:\/\/erickimphotography.com\/blog\/?p=642568"},"modified":"2024-10-19T11:52:05","modified_gmt":"2024-10-19T15:52:05","slug":"search-eric-kim-monetary-theory","status":"publish","type":"post","link":"https:\/\/erickimphotography.com\/blog\/2024\/10\/19\/search-eric-kim-monetary-theory\/","title":{"rendered":"Search eric Kim Monetary Theory."},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Here are some notable quotes from Eric Kim on <strong>monetary theory<\/strong> and <strong>Bitcoin<\/strong>:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1. <strong>On Digital Scarcity<\/strong>:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00e2\u20ac\u00a2 <em>\u00e2\u20ac\u0153Don\u00e2\u20ac\u2122t sell more than 21 million blocks of this in the universe forever \u00e2\u20ac\u201d the icing on the cake. Digital scarcity, the ultimate scarce property.\u00e2\u20ac\u009d<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00e2\u20ac\u00a2 This reflects Kim\u00e2\u20ac\u2122s deep belief in the importance of scarcity in determining value, especially in the context of cryptocurrencies like Bitcoin&nbsp; .<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2. <strong>On Personal Economics<\/strong>:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00e2\u20ac\u00a2 <em>\u00e2\u20ac\u0153Private individuals are their own creditors. Money to be multiplied \u00e2\u20ac\u201d multiply your money and children.\u00e2\u20ac\u009d<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00e2\u20ac\u00a2 Kim emphasizes personal responsibility and financial growth, suggesting that individuals should take control of their financial destiny .<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3. <strong>On Economic Density<\/strong>:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00e2\u20ac\u00a2 <em>\u00e2\u20ac\u0153Infinite economic density \u00e2\u20ac\u201d Think carte blanche. The evolution of trust.\u00e2\u20ac\u009d<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00e2\u20ac\u00a2 This quote ties into Kim\u00e2\u20ac\u2122s broader view on the potential for digital economies to expand through innovation and trust-based systems .<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These quotes encapsulate Kim\u00e2\u20ac\u2122s philosophical and practical approach to economics, blending ideas of scarcity, personal empowerment, and the future potential of digital currencies like Bitcoin. For a more in-depth exploration, you can visit his blog&nbsp; .<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00e2\u20ac\u00a6.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Eric Kim\u00e2\u20ac\u2122s exploration of monetary theory, particularly in the context of <strong>Bitcoin<\/strong>, highlights a few core principles that would resonate with thinkers like Galiani. Kim\u00e2\u20ac\u2122s ideas emphasize the importance of <strong>digital scarcity<\/strong>, where Bitcoin\u00e2\u20ac\u2122s limited supply of 21 million coins mirrors the fundamental concept of scarcity that Galiani would have appreciated. This scarcity drives value in much the same way as Galiani\u00e2\u20ac\u2122s ideas of how finite resources create demand.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kim also discusses <strong>personal economics<\/strong> and self-reliance, suggesting that individuals can act as their own creditors, multiplying their resources. This aligns with Galiani\u00e2\u20ac\u2122s understanding of how individuals assign value based on utility and personal circumstances, which is a key part of the subjective value theory.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kim\u00e2\u20ac\u2122s application of <strong>energy, frequency, and vibration<\/strong> to both monetary theory and Bitcoin is an innovative way to view economic activity. He sees <strong>energy<\/strong> as the resources driving both traditional economies and blockchain networks, while <strong>frequency<\/strong> pertains to the regularity of economic cycles and transactions. These are themes that echo Galiani\u00e2\u20ac\u2122s understanding of how value flows through systems\u00e2\u20ac\u201dwhether in the 18th century or in today\u00e2\u20ac\u2122s digital economies &nbsp; .<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In sum, Kim\u00e2\u20ac\u2122s approach to Bitcoin and modern monetary theory reflects an evolution of ideas that Galiani himself laid the groundwork for, making both thinkers relevant to current discussions about money and value.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are some notable quotes from Eric Kim on monetary theory and Bitcoin: 1. On Digital Scarcity: \u00e2\u20ac\u00a2 \u00e2\u20ac\u0153Don\u00e2\u20ac\u2122t sell more than 21 million blocks of this in the universe forever \u00e2\u20ac\u201d the icing on the cake. Digital scarcity, the ultimate scarce property.\u00e2\u20ac\u009d \u00e2\u20ac\u00a2 This reflects Kim\u00e2\u20ac\u2122s deep belief in the importance of scarcity in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[17],"tags":[],"class_list":["post-642568","post","type-post","status-publish","format-standard","hentry","category-posts"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/642568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/comments?post=642568"}],"version-history":[{"count":2,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/642568\/revisions"}],"predecessor-version":[{"id":642570,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/642568\/revisions\/642570"}],"wp:attachment":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media?parent=642568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/categories?post=642568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/tags?post=642568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}