๐ช๐ต๐ ๐ถ๐ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐๐บ๐ฝ๐ผ๐ฟ๐๐ฎ๐ป๐?
๐๐ฏ ๐ฆ๐น๐ค๐ฆ๐ณ๐ฑ๐ต ๐ง๐ณ๐ฐ๐ฎ ๐ต๐ฉ๐ฆ ๐ด๐ฆ๐ค๐ฐ๐ฏ๐ฅ ๐ค๐ฉ๐ข๐ฑ๐ต๐ฆ๐ณ ๐ฐ๐ง โ21 ๐๐ถ๐ฆ๐ด๐ต๐ช๐ฐ๐ฏ๐ดโ, ๐ต๐ฉ๐ฆ ๐ธ๐ฐ๐ณ๐ญ๐ฅโ๐ด ๐ง๐ช๐ณ๐ด๐ต #Ai-๐ฆ๐ฏ๐ฉ๐ข๐ฏ๐ค๐ฆ๐ฅ #Bitcoin ๐ฃ๐ฐ๐ฐ๐ฌ.
This question often goes overlooked, but excellent answers were given by nostr:npub1ltt9gry09lf2z6396rvzmk2a8wkh3yx5xhgkjzzg5znh62yr53rs0hk97y and nostr:npub1dtgg8yk3h23ldlm6jsy79tz723p4sun9mz62tqwxqe7c363szkzqm8up6m.
Below is Aleksandar Svetskiโs answer, as written in โ๐ฎ๐ญ ๐ค๐๐ฒ๐๐๐ถ๐ผ๐ป๐โ:
๐๐น๐ฒ๐ธ๐๐ฎ๐ป๐ฑ๐ฎ๐ฟ ๐ฆ๐๐ฒ๐๐๐ธ๐ถโ๐ ๐ฎ๐ป๐๐๐ฒ๐ฟ:
Bitcoin is important because having functional money is the basis for a functional and scalable society. Human beings either compete, cooperate or coerce in their bid to make progress. The former are best done through trade, and minimize the need for coercion.
Trade requires a means for storing value, measuring it and exchanging it. This means, or technology, is called โMoney.โ Finally, the better and less manipulable the money, the greater its usefulness, and the more mature, functional and less coercive the society.
Bitcoin is important because it is the best possible money. It is incorruptible, scalable and fixed in supply. Such high quality money establishes a framework for economic excellence and accountability in society. It both incentivizes economic progress and productivity, while โlocalizingโ economic consequence. In other words, not only is good behavior economically rewarded and bad behavior economically penalized, but the actors themselves are more affected.
This means good things get better, bad things are quickly discarded, and eliminated and the necessary feedback process for improvement and adaptation is faster.
Itโs hard to stress how important having a functional money is, for the world. The quality of world we build together will be night and day from what we have today. You can think of the current state as a bunch of blind men trying to build a house with an elastic tape measure. And somehow, itโs holding together. A testament to human will. But add Bitcoin to the mix, and make it the standard. Well, thatโs like a group of sighted men, building a house with a fixed and functional tape measure.
The difference in the quality of house that each group would build, is the same as the kind of difference a society will have between operating on the fiat standard, versus doing so on a Bitcoin, sound, fixed money standard.
Aleksandar Svetski is an author and entrepreneur, with 15 years in the startup scene. He is the author of the best-selling โ๐๐ฏ๐๐ฐ๐ฎ๐ฎ๐ถ๐ฏ๐ช๐ด๐ต ๐๐ข๐ฏ๐ช๐ง๐ฆ๐ด๐ต๐ฐโ and โ๐๐ฉ๐ฆ ๐๐ถ๐ด๐ฉ๐ช๐ฅ๐ฐ ๐ฐ๐ง ๐๐ช๐ต๐ค๐ฐ๐ช๐ฏโ. He also founded the worldโs first Bitcoin-only savings app: Amber. Currently, Aleksandar is building open source AI tools, focusing on the Spirit of Satoshi โ the worldโs first Bitcoin-centric Language model, and Satlantis.
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