Something I’ve thought about a lot in the past couple of years:
Money is the one good that every single person uses. It’s one half of nearly every trade.
As long as the price of money is set by a centralized entity, a true free market is fundamentally impossible, because every transaction is influenced by price controls.
I literally just had to pull the car over to start writing: while listening nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe describe “lightbulb moments” (in the context of free markets and deflation), a lightbulb — call it a zap — struck me profoundly…
Unlike the fiat system, Bitcoin IS a free market for money. Meaning that in Bitcoin terms, “half the equation” is already resolved into a deflationary free market system. Even with governmental price controls on many products, because of how radically free Bitcoin is, it completely changes the nature of the trade.
What clicked for me was this: Bitcoin exists — it’s already here — meaning that, humans already, here and now, have the choice to operate/participate in a free market, where prices fall forever.
It’s not “when we reach hyperbitcoinization” or “when Bitcoin is legal tender” or “when adoption happens on XYZ level” (although all off those help to can grease the wheels). It’s already here, if you CHOOSE to measure in Bitcoin.
No joke, my mind was blown so fully that I had to pull over so that I could write this stuff down. Now that I did, I realized it belongs on Nostr 🫡
Back to the drive, and to the podcast. Thanks for keeping my wife and I company, nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u and Jeff 🙏🔥
Well written. I’ve just listened to the first 10min…have to sneak this stuff in between my day job. Really interesting pondering why humans have accepted/wanted these centralized systems over the last 5000 years…not sure if they dive into this more.
Is it simply because we haven’t had the tech to allow our hope to grow for a public ledger
Thanks Nadia ☺️
Absence of tech is definitely part of it. I think it’s why Bitcoin is often likened to the harnessing of fire, or the wheel. It allows us to do things that were previously impossible.
Jeff touches on how each generation/societal cycle is “tricked” into thinking that the status quo system is the way it has to be, and asks why we would think we haven’t been tricked too, at least until now.
He focuses on each of our personal responsibility to make this change happen, which I took to mean stop contributing more energy, more falseness, to the existing framework and to instead make the complete (if perhaps gradual) transition into this new, better, *viably* optimistic world.
Looking forward to your additional “musings from the fiat mine” 🤝
