If prices fall to the marginal cost of production in a free market, then
1) the most advanced AI becomes free and serves you
or
2) you don’t live in a free market and that same AI will be used to control you.
If you’re measuring from Fiat (or Bitcoin priced in fiat) you’re contributing to the 2nd statement.
And from #bitcoin - the first
🧡🧡
Namaste
🫶
Truth my man 🤙🏽
Jeff casually dropping truth bombs
Purchase by power of bitcoin still needs to increase over time. Time afforded per bitcoin is the right measure…and that measure will vary from person to person.
But NGU (time afforded/bitcoin) has to keep going up and still needs to go up exponentially at this level of adoption.
It might be easy for those who have already experienced the NGU windfall to discount the importance of NGU but I can assure you that for those of us yet to experience a bull market windfall, it is still incredibly important.
I think you’ve missed his point.
The purchasing power going up is measuring the world in bitcoin
Ngu is measuring the world in dollars
One leads to abundance the other to control.
I think you’ve missed my point. I explicitly state NGU is measured as time stored per bitcoin. That metric is purchasing power and has nothing to do with dollars or any other fiat measure. It has to do with how much productivity is stored per bitcoin. That has to go up, forever AND - at this stage - it has to go up quite a lot to compensate for the risks taken.
Any tips on how to measure the world in bitcoin vs NGU dollar metric? How can I for example look at a carton of milk and say that’s 100 sats, when the only way (currently) is to find the price of the milk in dollars and do the conversion?
People give the example of a house getting cheaper in sats, but they’re only figuring that out by looking at the house’s current dollar value and then at bitcoins’ and saying that’s x sats now.
Seems like the only way to “see” any of this is by doing the conversion of dollars (or euros) etc.
Yeah I do the conversion too I think the insight is to see the bitcoin as the measuring stick that doesn't change
Fundamentally its all relative and prices are just ratios of how much of 1 good is in terms of another like a car is 1/10th of a house. The dollar is just a easier way to do that calculation
Bitcoin is being able to do that calcution without the distortions from money printing
I think its most useful and or obvious for pricing things across time.
That ratio of car to home in 20 years in USD terms might be 1/20because houses capture more of the monetary premium. Essentially distorting the price of the house from its utility value
In bitcoin if the ratio changes you know its from changes in the supply demand dynamics of houses vs cars
If that makes sense
It’s measured in productive time. How many years labor? Or oz gold? Or certain type of house. But ultimately it is a measure of productivity stored in bitcoin.
(GDP + historical capital asset value) / 21M bitcoin
the most powerful and terrifying revelation is that each person chooses 1 or 2.
the world doesn’t choose for you.
each person lays claim to their sovereignty or surrenders it.
3) Skynet becomes activated and kills us all to protect us all and the network.
Truth 🫡
Bitcoin or slavery... I choose the former
Whoever controls the money, controls the AI
Bitcoin gives money back to the people
It's interesting how AI stands out as a unique consumer product, mirroring the trust dynamics of money technology.
www.pricedinbitcoin21.com
Looks like they’re trying to pass a bill to ban open sourced AI.
It’s very difficult to live on a bitcoin standard currently when everything is priced in fiat..
So early last year my guitars were about 0.12btc and now more like 0.08 BTC, I can see it I'm my own production and as competitors scramble to raise prices to deal with rising costs I can stay put knowing that if I exchange the government issued "bits of paper" into BTC I can maintain this price and offer better value.#nistr #guutarmakee #bespokeguutars #acousticguutars #luthier
