Subnostr

Replying to

Nell from The Bitcoin Basin Queenstown

What is Fiat? 💵

It’s money backed by promises, not by scarcity. 🤞🏼

*not financial advice*

https://blossom.primal.net/7039ebf0edff6ae8b0be185ee48a67277e592ad1920134df453f76f201205b9e.mov

Brisket 3mo ago

Beautiful. Probably not your target audience here on Nostr yet but I'm assuming you can use the vid elsewhere.

I didn't really use the term until I discovered Bitcoin. It doesn't really hold much meaning unless a currency exists that isn't fiat. Since adding it to my vocab, I've enjoyed seeing it used in MSM. I've enjoyed watching the Overton window shift.

A major problem Normies have with bitcoin is that it's value isn't determined by an authority. They see it as something speculative & risky because it's value changes. They don't realise their local currency fluctuates in value against other currencies because they only measure value in their local currency. Unless you import goods/labour from overseas, you do not seem directly exposed to the risks of your local currency.

Another video snippet might be around the subjective & relative nature of value. How much is a dollar actually worth? How is bitcoin's value determined? Why do people use bitcoin to store value or accept it as payment for goods/services?

I like that you're focusing on the basics. 🫂💚

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Discussion

Nell from The Bitcoin Basin Queenstown 3mo ago

I agree with you completely. I also didn't use the term until recently. A normie friend asked me what it meant and I realised that I hadn't known myself for that long.

But it excited me that he had heard the word used enough to ask me what it meant.

Like you say, it's popping up a lot more in MSM. Which shows an interest into the systems.

I'm fascinated with ways in which to help others, with the hope of orange pilling them.

The question is, what are the prompts they need to ask the right questions.

If they don't question what value is and don't see it as subjective then they can't wake up to their problems.

Thanks for the suggestion. I hope simple and short explanations can help open up the channels.

I know I'm still in the process of waking up to the world.

Moving through the what, why and how. And ultimately I'm so glad to have my mind opened daily 🙌🏼

Brisket 3mo ago

I used to be an educator of sorts for 2 decades.

The best time to create learning material is when you're learning yourself. You are acutely aware of what you didn't know yourself but needed to know, which is likely what other people don't know.

The teachers mindset is also like jet fuel for learning. You learn so much better when you know that you need to teach this to others. Your understanding sharpens as you explain it & refine your explanations.

Keep going Nell! 🔥