Subnostr

On the argument that...

"wE hAve tO spEnD biTcOiN tO mAke iT wORk"

Is stupid and time will fix all, if you just relax and have patience.

The fear that something valuable won't be spent is backwards thinking. The new paradigm will be what can be built so well as to get someone to spend their BTC? Some bullshit you drop ship on FBA made in a chop shop in China does NOT get that done.

When we get there, it is when we actually get to the point where "Bitcoin fixes this". The entire planet has been poisoned by fiat thinking.

This is why we have fiat houses, fiat food, fiat roads, etc. We literally have roads built by the Romans in 200 BCE that are in better shape then roads built by Americans in 1975.

The reason people don't really spend bitcoin right now is very little is built well enough or has enough lasting value to warrant it. There is very little with enough value to make someone who has the luxury of saving surplus convert said surplus into something other than bitcoin.

You want me to spend my Bitcoin beyond a bit here and there for fun on lightning? Give me enough value to make me part with it. Stop the fiat thinking, when we have enough value being created bitcoin will be spent. This is the point that many miss including many maxis and just about all shitcoiners.

FWIW if you want to spend BTC go ahead. If you want BTC when I buy from you fine, I will convert as part of the transaction with something like strike. On my stack? GFY! 😂

Brisket 2y ago

What makes me laugh is thinking that anyone can determine how large the Bitcoin circular economy is.

You're right though, going from buying bitcoin with fiat to earning & spending Bitcoin is not a fast transition. It takes time. As you say, not all goods/services are worthy of a little absolute scarcity.

Bitcoin also does a weird dance to it's holders. Understanding the absolute scarcity that this stuff represents is a stark contrast to the abundance this stuff promises to deliver. To hold absolute scarcity while also holding a mindset of abundance is a mild head fuck.

How do we use this stuff to create abundance? Ultimately we should each do what we feel drawn to creating without consideration of how or if it will be remunerated. Create & give freely without expectation or conditions. See what happens. I believe that this results in a cascade of positive sum activity. Reputation is used to reject & discourage mooching.

At the end of the day, you don't need to do anything for Bitcoin to succeed. It will succeed despite you. I personally want to see where this thing goes & I have lofty hopes & dreams.

🧡🤙

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Discussion

Jack Spirko 2y ago

"To hold absolute scarcity while also holding a mindset of abundance is a mild head fuck."

If I ever use that on air and don't credit you just know it will be an oversight not me lifting material without credit! 100% spot on accurate.

Brisket 2y ago

Don't stress too much about that. Nobody owns an idea & I'm sure I leveraged the observations of others to arrive at that observation. 🤙

The observation reminds me of this:

"The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function"

But it also reminds me that one can't act for long in opposition to their beliefs & words. Eventually either the action or the belief must yield.

A mild head fuck for sure 😆