Discussion
this chart shows really clearly the amount of posts about price action on nostr
Everyone watches sports for different reasons, but to the players in the field with skin in the game, the points actually do matter.
eh, for me it's different
people still comparing the superior money BTC to $ seems unnecessary
let go of the dollar comparison mindset and you'll be free
happy for everyone stacking tho
Would you give me $1000 USD in exchange for 10K sats right this very moment? If you don't care about dollar comparisons you will. If you're not a moron, then you'll get my point.
so i have to be emotionally attached to the rate and not get a fair price is your point, just because i think in sats instead of $?
If you equate getting excited about something you own and have worked hard for increasing in value with emotional attachment, then you're misunderstanding my point and you have an unhealthy relationship with your possessions. You pause to celebrate positive performance, or reaching a goal, a milestone, etc. and then you get back to focusing on work. It's not emotional attachment to be happy when something good happens.
i myself am apathetic towards the price, as i don't base the way i feel on something which is out of my control.
what these kind of posts portray to newcomers is that all the community cares about is that NGU
maybe i'm close-minded and wrong, but it's funny how for months we see "stay humble, stack sats", and when price goes up, that goes out the window
Ironically, "ngu" is all that newcomers care about at first. You're being unrealistic if you truly believe no one should care about the price. Celebrating a good thing is not at odds with being humble. Perhaps you're lacking the humility you think you have because you feel the need to make such a public display of yourself over this.
I am not here to be right, I am just presenting my way of thought to the best of my ability at the current point in time, and constantly questioning that understanding through conversations such as these.
I don't put labels of good/bad to a price, for me it's just data.
If the price doesn’t matter, Bitcoin never separates money and state.
It has to eat the world if it is to achieve its ultimate purpose and that means NGU forever.
what
you can already use bitcoin separate from state as a currency, as a means of trade
Yes, and comparisons to existing standard mediums of exchange is the most efficient way to measure the purchasing power of that thing (Bitcoin) you're trying to trade with.
yeah, true
i just don't get the excitiment part
does higher price indefinitely mean that we are closer to separating money from the state?
If you don't get the excitement then you don't have enough skin in the game.
if you get excited and emotional over price, you have too much skin in the game and are irrational regarding your investment
Ok đź‘Ť
I’m enjoying this conversation.
It is natural (and likely healthy, from a natural selection perspective) to get excited about the prospect of having greater chances of survival today than you did yesterday.
Money and value are ultimately survival tools. Being happy that your chosen tool is working as intended strikes me as a “correct” emotional response - if measured, of course.
hmm, the second paragraph is an interesting way of thinking about it 🤔
regarding the last paragraph, i guess it's just what you see as the function of a currency: speculation vehicle vs storing value vs means to trade
Sure you can.
Meanwhile the fiat system continues to pillage poor countries around the world through the IMF/World Bank and every government on earth continues debasing their tax slaves via inflation.
#Bitcoin is here to separate money and state. Completely and permanently.
That is the calling for this generation.
That is the modern equivalent of the 1700s “separation of church and state” - we have the equivalent task ahead of us in this super cycle with money which is today’s tool for enslaving the masses.
Bitcoin achieves this by becoming the preferred money on the market, and that happens by the fiat price continuing to rise until it is the default way value is measured across humanity where no-one wants to use fiat any more regardless of what the state dictates.
i am not disagreeing with you here, i am just questioning the approach.
let's say the price is around 7 digits for a single bitcoin
how does this on it's own help implementation and separation from state?
The higher the price goes, the more liquid Bitcoin is, the more able it is to demonetise (read: eat) other assets.
Countries can’t trade oil in Bitcoin today for example. $1.2 Trillion market cap with ~10% available supply isn’t nearly enough. At $21 Trillion it might be feasible at small scale but prob needs to be higher.
When countries start refusing to trade oil for dollars and instead demand Bitcoin because it is feasible by liquidity and infinitely better than the paper promises of fiat, the world starts shifting.
That means they need/want it on their balance sheet and as you know, they can’t print it.
Suddenly their balance sheet isn’t about printing to consume, it’s about producing to get BTC.
Governments **will not willingly adopt Bitcoin**. Be very very very clear on this.
They will be forced to by the market and the market can only force them when it’s liquid enough to meet all the needs that a government which doesn’t want to get run out of office and guillotined, has.
They are gonna print until printing gets them killed.
If nation states are to continue existing in 100 years it will be because they were forced into competitive service provision when their ability to print was taken away from them by market forces.
Personally I’d rather they don’t exist but realistically that is too big of a change in one go; separating money and state such that they’re a mere opt-in service provider who has to compete globally with other states will be enough to bring about a new enlightenment and that is enough for humanity to handle.
Bitcoin needs to demonitise the asset classes used to park fiat wealth and be liquid enough for nation state trade in order to force states down the path they refuse to willingly tread.
really interesting points that you made, never really thought of it like that 🤔
thank you so much đź’ś