Nostr Web Client

"When I find a whole bunch of people creating new heroes that are just faster centralization, and talk about those leaders as saving their lives through a different from of centralization, it feels like the same old trick being done over and over again". - nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe at the following podcast 44m:02s.

This was an awesome podcast at the great nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u Bitcoin podcast:

https://www.youtube.com/watch?v=ueZuQ1X3ZWQ

I absolutely whole-heartedly agree with Jeff Booth and think this aspect is truly absolutely fundamental. It seems like we are hard wired for sociability (belonging to the tribe) and that in the extreme leads to the cult of personality. This is not good at all as we've seen countless times in history. Truth should be above any individual.

I think this is also what nostr:npub1sn0wdenkukak0d9dfczzeacvhkrgz92ak56egt7vdgzn8pv2wfqqhrjdv9 was alluding with the idea of "cast a vote but don't join a cult" at the nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu conference a few months ago.

While it's phenomenal to see the change that is happening in the US, simultaneously I think it's just a bit better.

Elon Musk wouldn't be Elon Musk without large hordes of government money . That's just a fact. And etc, etc, etc with many people in that camp. But sure, there's no denying this is a positive advance in the global liberty field.

Bitcoin is the greatest free market that ever came in to this world.

We need better leaders BUT most of all we need better systems. Bitcoin is one of the most important better systems we have.

We still live in an 99% extractive economy. The goal is to live in a truly productive and free economy.

#bitcoin #freemarket #nostr #philosophy

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Discussion

John McCone 1y ago

In the interest of honesty, I must point out that 1.86% of bitcoin wallet addresses own 90% of the total bitcoin supply.

So spending power in bitcoin is highly concentrated.

https://cointelegraph.com/news/1-percent-bitcoin-holders-btc-supply

CitizenPedro 1y ago

Everything follows the Paretto rule. It wouldn't be different.

The real important part is that everyone will now have a store of value that doesn't devalue and instead actually grows in value the more people use it. The idea of the network effect. In a world with no gold, the more people use gold, the more gold is valuable. That's Bitcoin.

CitizenPedro 1y ago

But yes, I fully understand these questions! these are very fundamental questions and I have had them too. I would say there's a lot of information that changed my mind and I highly recommend the work of Jeff Booth and Michael Saylor on that.

This of course apart of the technical details such as the POW, Lightning Network, etc. I also use ChatGPT often to understand all these intricancies in Bitcoin scale and feasibility.

I truly believe Bitcoin is the key. If you'd like John I think it would be very cool to have a live conversation/work session on this, where we would both go very in depth and address all the potential problems of Bitcoin. I think that would be pretty cool!