The "real" money supply is effectively infinite, as money today is only backed by confidence in the banking system and nothing else.
In the UK for example, the amount of pounds in circulation has more than doubled in the last decade. This money supply grows with how much banks lend, and 80% or so of that lending is for housing i.e. speculation and investment.
All of that created money needs to go somewhere once it becomes more fungible than real estate, and that's how you got NFTs, Tesla and so on.
Now don't get me wrong, money is debt and always has been, far before the invention of symbolic currency. I'm not one of these gold standard idiots. I'm just concerned that a trust based system doesn't scale very well.
In the UK for example, the amount of pounds in circulation has more than doubled in the last decade. This money supply grows with how much banks lend, and 80% or so of that lending is for housing i.e. speculation and investment.
All of that created money needs to go somewhere once it becomes more fungible than real estate, and that's how you got NFTs, Tesla and so on.
Now don't get me wrong, money is debt and always has been, far before the invention of symbolic currency. I'm not one of these gold standard idiots. I'm just concerned that a trust based system doesn't scale very well.