If this is true then this is absolutely massive for #Bitcoin becoming true global money. It demonstrates its insane capability over all alternatives to hold and move value with the strongest monetary assurances.
Energy, both the most foundational and most fleeting resources in the world, is being settled with Bitcoin because of its monetary security and close relationship to energy production.
This is incredible to see in real time. This is what monetization of a new, global money looks like.
A block every 10min and increasingly higher hash-rate is what matters. Not reports from corporate normiland operators who often spread propaganda and execute against the interests of individuals…. independently if the incentives are aligned here.
The purpose of a block every 10 minutes and higher hash rate is to create a system that securely protects and transfers value.
This is an example of it being used to settle the most important resource in the world. If you don’t understand why this is significant then I’d suggest thinking more about it.
Imo the most valuable resource is human labor, it hasn't been converted into sats yet. But it's coming!
I was just listening to your narration of nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3yamnwvaz7tmsw4e8qmr9wpskwtn9wvqkcmjy's ‘Broken Money’, driving into work this morning. She lays out the history of money so well and I have finally understood what the petrodollar is, as well as a bunch of other often-used but rarely-explained monetary concepts.
So yes, after reading all of the effort that the US made to launch and prop-up the oil backed dollar, it is at the same time massive, thrilling and somewhat terrifying that it is unravelling. Even if neutral reserve assets such as Bitcoin will be the beneficiaries.
Remember this when they push the narrative that bitcoin is a good SoV but will never be used as money. They are happy to use it as money themselves while simultaneously telling us not to.
Yeah but it’s honestly irrelevant. If it stores money and can move it, it simply will be used as money. Narrative won’t make much of a difference as liquidity and desirability of the monetary good.
Is it though?
Memepool is literally empty..
Not relevant to what I’m brining up. Settling of value and transaction volume are totally separate metrics that measure different things.
Example:
A car proves for the first time the case of quickly carrying someone to the hospital with medical and emergency equipment sustaining their life during the trip. It’s suggested this will change the nature of emergency response forever. Someone says, “but there was no traffic.”
Similar comparison here.
If this is true they’re likely secretly stacking too
Wait till you see what Abaxx exchange is about to do
