Homesteading only makes sense on a fiat standard.
GM ✌
Discussion
Why is that?
Also, GM
Hot take 🔥
Please explain.
Curious why that would be?
The less you can trust the market options and the people around you for obtaining food, shelter, energy, the more you will want to invest in your own back up solutions. Solutions you would normally never invest in. In terms of price-quality, economy of scale and the time and energy it takes to maintain them (especially!!) they very often are just poor choices.
Providing your own heating and growing your own food can be a satisfying experience but economically they don't make sense. On something like a bitcoin standard you would only perform a small selection of these as a hobby or scale up to become a farmer of some sort.
We face these choices on our farm all the time. Every time the ideal choice is either to stop doing a certain activity or to scale it up to a business. But when we cannot trust any other option for, let's say, heating, I still chainsaw my own wood instead of buying gas or straight up starting a woodgas power plant. Even hiring someone to cut my wood for me is too expensive because of fiat. But even if it would be worth it, why would that then even have to MY wood?
On a bitcoin standard I would still back up certain things but not like we do now. It would be more federated and with better tech.
Now we have our own well water and have to maintain the pump, reservoirs, filters etc on ridiculously small scale. Ideally I'd just have a diversified set of market options or scale up and sell to my neighbours (which now is illegal).
We have 11ha of pasture where we can harvest 2-3 cows/buffaloes from every year. This not the scale we would have chosen at all if we could ignore regulations, taxes, vaccinations, ......
In my dreams I handle a huge herd of water buffaloes with a bunch of partners, tracking and stearing them from my phone with a NoFence system, visiting them whenever we please with the kids and sending out grassfed unvaccinated meat twice a year to our steakholders.
Hope that blurt explains it a bit 😉 nostr:npub1zuuajd7u3sx8xu92yav9jwxpr839cs0kc3q6t56vd5u9q033xmhsk6c2uc nostr:npub185y96dht53tr5ja59cydjlqdclv9m9utap6jsvg0q9hefd3g82ysm0c63p nostr:npub1zl9whkrnjlfgg9q0k39r4tymu4ty3r5uy6tgxqdnd7f6xxcf8dms580mpt
Well said, and I agree with a lot of that. There are some things where I just cannot buy high quality so I have to do it myself- compost, transplants from saved seed, certain foods, etc.
Not sure if a Bitcoin standard would solve those
I get it. I agree, if you can trust in a fair market then division of labour will always be more effective. https://en.m.wikipedia.org/wiki/Division_of_labour
I had thought you meant the homestead principal, that is the basis for all ownership is that someone at sometime once put in the work (PoW). https://en.m.wikipedia.org/wiki/Homestead_principle
Haha I see. I should be careful indeed with using "Homesteading" on a platform of mostly bitcoiners with an austrian economist mindset 🤦♂️
Regarding the Homestead principle we have an exciting future ahead 🚀
And look, I'm just jealous as I would love to have half the hard skills of even a poor homesteader. Yes, Bitcoin and perhaps homesteading exist due to market failures in other systems, but what they give up in terms of efficiency they gain in terms of resilience. Over- specialisation creates fragility. Got to have some resilience!
Preaching to the choir!
I’ll become a steakholder as long as its not water buffalo. Any other beef 🤝
Haha, I'll let you know if ever 🫡
Interesting take!
😉
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THIS!
If people shouldn't be their own gardener, why should they be their own bank?
Do you realize this is a poor blanket statement?