Nostr Web Client

For what reason? To make sure we keep this train on the right set of tracks that lead to a better world, not looped right back to the city we are escaping.

With that goal in mind, there are certainly wrong hands...

My argument is entirely dogmatic in that I believe better money CAN fix a lot of societal problems. But that doesn't happen if outflows go from principled individuals towards those who are only looking for fiat gains, perpetuating a broken system.

So yes, im arguing dogma over rationality because its low time preference walking the talk. I entirely understand the rational argument. But why are you here? Why do you hold bitcoin? Get rich or get better?

I'm saying that over the last cycle, a large part of onboarding has been around NGU. And NGU can be dangerous because if you only care about fiat gains then the larger goal of Bitcoin is undermined (or at least made more difficult in the long term) in many ways. NGU is great and it makes life easier (certainly has for me). While its a primary onboarding tool its not the primary reason for Bitcoin to exist. NGU is like oxy... not a super tough sell and it dulls the fiat pain. But if you dont focus on the actual problem and fix it, you'll prob just get addicted and be worse off chasing greed (and get rugged or shitcoin)

🐢 2mo ago

Sound money has nothing to do with fiat gains, and everything to do with saving the value of your hard work, energy, and intelligence.

If you can’t appreciate that money has a singular purpose, carrying the value of that work, energy, and intelligence into the future, to exchange for goods and services, and that people will choose to do so, that’s your own problem.

Money doesn’t change humanity, and your dogmatic beliefs won’t matter either.

The fact is when individuals sell their bitcoin, it doesn’t matter whether p2p, through an exchange, for goods and services, or for fiat dollars, it’s because they value that something more than holding onto their money. Aka- using their money for exactly why money was created.

It’s actually your dogmatic arguments that make bitcoin into something that WILL fail, because you’re setting unrealistic expectations that can never be met.

Let money serve its purpose, and fight for the better world you want by supporting things that will actually make it, like entrepreneurship, hard work, political engagement, education, local community building, etc.

Reply to this note

Please Login to reply.

Discussion

BITwise 🐳 >>= RIGHTish 2mo ago

I think we can agree there is a certain set of roughly agreed upon ethics in the bitcoin community. That general set of ethics is in stark opposition to the fiat mindset most currently have.

Money in the hands of people who disregard the bitcoin ethos will use that value (whether as bitcoin or fiat) to perpetuate fiat values.

When you spend p2p bitcoin lands in the hands of others with similar ethos. When you fiat on exchange it lands in the hands of fiat minded middlemen.

I dont disagree all those other things are important. I also agree your definition of money. And I believe money needs velocity (aka circulation) to be money. Im not saying dont spend your bitcoin. Im not even necessarily saying dont sell your bitcoin for fiat (I have done so many times too).

My original singular point that NGU is dangerous if people are onboarded with that argument without effort placed on education is being extrapolate and taken as if im making a blanket statement on money. Im not, im talking about a very specific, large population of bitcoiners

Im speaking specifically to the new people that have been onboarded (new defined here as less than 2 cycles) via NGU. Those people need to understand WHY the NGU is happening and when they understand that, they will make better fiscal choices and we will see less (not zero) bitcoin outflow.