Replying to Avatar Jeff Booth

Incredible trip to El Salvador to meet Bukele and see for myself what has changed since last time I was there.

I think most that follow me, know where I stand on #bitcoin. That, as long as it stays decentralized and secure (which means it must be used as a medium of exchange) it is IMPOSING the first global free market that has ever existed. A competitive, yet cooperative protocol and network that forces abundance broadly. We are both the map and territory - our actions within it, and aligned to it, strengthen and protect Bitcoin, bringing more people to it and they each, in turn grow in their own understanding - which in turn strengthens it further. We are bitcoin, we are Satoshi. Each node (us) of sovereignty adding our voice, time, energy into something that changes the course of history.

Because that map of “what will be, or “what already is” (as long as it remains decentralized and secure) has never existed before, our minds have a hard time with it. So instead, most revert to measuring #bitcoin from within the system they have always known. This leads to most of the fights within bitcoin. People far deeper down the rabbit hole, versus those just entering or choosing to remain trapped (and not being able to yet see the bigger picture)

You can imagine - that change would be chaotic because the change……is the change within each of us. All 8 billion of us, and we often can’t see our own hypocrisy, the lies we tell ourselves. Etc etc. In addition, with over 3000 years of us living in a zero sum game - where someone else had to lose for us to win. So for many, it would seem normal to play by the rules of the old game.

This is why I went to El Salvador. I went to meet the President and see for myself who he was and what choices he might make along the way. Ie - how deep was he down the rabbit hole? Did he see El Salvador and himself as part of system change to a global free market that would permeate around the world - or would he be a pawn and be captured in a game that created imperialism 3.0? It was a very deep discussion…..lasting almost 2.5 hours. I came away convinced that he gets it. Moreover, he might be the most impressive leader of a country I have ever seen. Said to me, more people in El Salvador need to be in self custody, more need to use it as a currency, not in stablecoin but natively on lightning, more in non custodial. He understands the larger forces at play here.

El Salvador is still Bitcoin country, but is still early. Having a nation with security is a big deal. 50 years of poverty, gangs, wars, fear in a society doesn’t change overnight. (All of that caused by broken money and psyops)

It takes time to rebuild trust. I was last here the day after all the gang violence (coincidentally starting after introducing Bitcoin as legal tender)

Huge changes since I was last here, not only safer, but hopeful. That hope will lead to opportunity for people, and that opportunity to value creation. The downtown core in San Salvador, previously one of the most dangerous places in Central America is feels a like a European city with thousands out walking. Cool Social houses (Video below) shops everywhere with the hustle and bustle of people and opportunities. Bitcoin isn’t yet used broadly, but making inroads. I spent in it almost everywhere - but you could tell - bitcoin transactions are fairly rare.

Lots more to do, and big plans underway. Stay tuned!!!

And a huge thanks to Max and nostr:npub1pq2ll9l7qdmxsfqyrd5w9gul8c7ftqy9yepcqvc8a2l2ys9zhd6sk42rew for all their work in El Salvador and in helping make this a fantastic trip.

What a time to be alive!

https://blossom.primal.net/3937c43a0c98ec9871ac97651bc23885c6698586d63734bff846c271423e4369.mov

Always makes me laugh when people claim to understand bitcoin and then say it needs to be used more as a currency. Clearly you don’t get it at all.

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But if everybody buy some and never do anything with it what's the point?

Money is cheap. Bitcoin is not. I’ll continue to give people paper money for goods and services as long as they are willing to take it. Eventually there will be a time when people will no longer want paper money and that time is not now. Why would anyone give away their valuable assets when people are still accepting less valuable assets? Anyone that has extra fiat and uses it to buy and hold bitcoin should understand that they are truly blessed. If you truly believe in Bitcoin you should understand that one day there will only be Bitcoin and any purchase you make now will be a two pizza story later.

Why do you have paper money? Why don’t you go all in on bitcoin? Sounds like you don’t believe in it enough

Pretty dumb question.

With no answer. Try to go full BTC some day if you really believe in it.

Someday is coming.

I kind of get that.

I do fear that by never developing a useful network of payments that many use, bitcoin will be an asset for just some people.

It might be ignorance from me, but I don't see how automatically, over time everything will disappear and only bitcoin will stay. I don't see the logic in this, it seems more like having faith and repeating the sermon of some guru.

I am naturally skeptical, so I learn what I can and try to question things constantly. Especially when I see people repeating the same thing over and over, it makes me dubious.

Not saying you are wrong for sure, but to replace the use of the fiat money, people need to use something new. Not that we need to replace gold with something else, and some new "elite" comes out.

What would you rather have right now? $100k or one BTC, because next week $100k will not buy you one BTC.

It depends if I want to keep the money or spend it

The reason it needs to be used as a MOE is to ensure it remains decentralised and secure. If no one is using it except institutions, no one is enforcing the rules of the system, except the institutions. This would make it very easy for them to change the rules, e.g. increasing hard cap, block size. Are you ok with that?