Yeah, but talk is overrated. Better to watch for opportunities to build circular economies wherever your skills and interests take you and then you will be one of the people defining what that unknown future will look like.
Talkers donāt bring about change, doers do. Bitcoiners should spend more energy and time building businesses that provide value and they should look for opportunities to exchange that value for Bitcoin as often as they can.
āCircular bitcoin economiesā are currently just an opportunity for forex arbitrage. As the input costs are one currency with the output value in another. Bitcoin miners must pay their electric bills in fiat.
A true circular bitcoin economy values energy inputs as bitcoin. As such, a metal miner or electricity provider, needs to evaluate their costs in bitcoin.
What are those actual costs? Todays world is just calculating an exchange rate. Where is the circular economy in that?
Can we not calculate the energy required to output a single block today, and assume that as input and 6.25+fees btc as the output, and calculate the energy required to perform tasks, and make assumptions about how much value individuals are providing in bitcoin terms?
My strategy is simple. I stack sats now so I can frontrun the transition to ā/21M.
When others are scrambling to acquire ever more precious sats, Iāll be able to use my stack to purchase goods and services I need at a premium giving me a chance to jump to the front of the line. Iāll also be able to trade Bitcoin to my tribe at a heavy discount to help them manage the transition they arenāt yet prepared to accept.
If the transition happens too quickly, that strategy probably wonāt work great. But Iām hopeful that Bitcoin will act as a pressure relief valve that will let people opt out gradually as the problems become obvious to them at different points in time. I hope that lets us avoid a sudden catastrophic hyperinflation event that causes everything to collapse suddenly.
Maybe someone will come up with an Eric Weinstein style gauge theoretic formula to help us calculate things before the transition happens, but Iām not sure how that would change my strategy.
More bitcoiners should start businesses so they can experience what it feels like to discover the future.
Because thatās what really happens. Just like Satoshi discovered Bitcoin, business owners discover parts of the future by solving problems iteratively.
āIn the beginning God created the heavens and the earth. Now the earth was formless and empty, darkness was over the surface of the deep, and the Spirit of God was hovering over the waters.
And God said, āLet there be light,ā and there was light. God saw that the light was good, and he separated the light from the darkness. God called the light āday,ā and the darkness he called ānight.ā And there was evening, and there was morningāthe first day.ā
God made it possible, but itās up to us to discover it and name it.
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Itās a famous misunderstanding of the bible ā¦
God said, āLet there be lightningā, and there was lightning ā”ļøāļøš
Zapped because it made me laugh.
But in a very real sense, Genesis explains how God created Bitcoin because creation is organized in such a way that Bitcoin was possible from the beginning (whatever that means to you) if only a righteous man could discover it and name it.
That righteous man was named Satoshi.
Thanks mate šš«š
Uuuh thatās an interesting thought!
