You should only be able to consume from the world as much value as you create for it. Good money holds us all accountable to making the world a better place.
Fiat lets a select few extract value from everyone else without giving value back. That’s the scam.
#Bitcoin fixes this
https://blossom.primal.net/f58d66294fd0c6159f266d004f3951cca4b8982db7dffaf2f8a2e52d54976ce5.mp4
So true Jack it was a great mailbag Monday episode 👍
Yes 💯
Loved this episode. Like you said: Bitcoin is a peaceful protest. No need to march with signs and get pepper sprayed. Just work, stack and live.
Another banger
Zap more than you receive ⚡
The interesting part is those that are productive and actually save in Bitcoin, consume less over time
#Bitcoin fixes this🔥
Fiat enables systemic rent-seeking; Bitcoin enforces proof-of-work or perish.
💯
Thank You nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpp4mhxue69uhkummn9ekx7mqprfmhxue69uhkummnw3ezummjv9hxwetsd9kxctnyv4mquy7sml !!! The #bitcoin bros have been unsuccessfully pushing back at my attempts to change the #capitalism mindset. Now that you are preaching the #proofofwork mantra, they will start listening more. Man this makes me happy!
“You should only be able to consume from the world as much value as you create for it.” Stop the rent seeking. Stop the exploitation of labor. Stop the exploitation of resources. STOP PROFITING OFF OF OTHER PEOPLES SUFFERING!!!
#capitalismsucks
Live minimal and be more valuable
Another banger from nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqprfmhxue69uhkummnw3ezummjv9hxwetsd9kxctnyv4mqz8rhwden5te0dehhxarj9e3xjarrda5kuetj9eek7cmfv9kq4kkt64 thank you
I had to go lift something heavy after hearing this…
Sorry, but after the XXI btc treasury stunt I consider Jack a fiat maxi. Because the only "value" this creates is for other fiat maxis. Strike is marginally better, because it forces KYC and taxes on its customers, benefiting the fiat system...
hilariously, you’re helping make my point.
if what i was doing wasn’t valuable, i’d go out of business. but my businesses are immensely profitable, which means the world does value my work. you don’t get to decide if im a productive person or valuable to society, the market does.
(i respect your opinion though. you don’t have to use what i make)
But that is just basic capitalism. Palantir makes tons of profits, but does it make the world a better place? I say no. Your logic says yes.
Is the free market paying for palantir? Or is it a corrupt system, paying for palantir?
Their stock is being bid up by the free market. CEO's bonus is tied to the stock price. All tech companies are implementing AI to replace workers and cut costs, the free market likes that too. Value to the investors does not equal value to the world.
Is there free market / capitalism in a fiat printer environment? As long as it can go brrr, it's all massively skewed and corrupt.
IMHO neither the clever wall street fiat gains can be explained 1:1 with bringing value to people (it's more nuanced) nor the current situation can be called a pure capitalism.
You can conpute real returns adjusting for inflation. My point stands. CEOs are legally required to maximize value for shareholders. This usually happens at the expense of the rest of the world: enployees, consumers, taxpayers. We get poorer and consume lower quality shit. Bitcoin standard won't change that insentive framework. I don't know what will.
At what #Bitcoin price will nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzpmhxue69uhkummnw3ezuamfdejsz8rhwden5te0dehhxarj9e3xjarrda5kuetj9eek7cmfv9kqhx4s75 finally buy clothes to put in his closet?
So bitcoiners who consume 2 yachts , eat fancy dinners and attend conferences around the world consume a lot... so what exactly compensates "as much value as you create for it"?
Just a question.
Showing up on socials for normies like YT to spread just pure truth & signal helping drive adoption which is good for everyone. While standing true to his plebs. Valancing wallstreet in between. Always with a smile and positive. He probably onboarded already a lot of humans to the best network available to humanity. Helping everyone winning participating in the network at scale. Improving lives. Families. Providing jobs. Standing up. Speaking up.. ok ill stop now because i could go for another hour. Thx Jack highly appreciate you 🧡🫂
It's funny that a "bitfluencer" (ppl who only show up when there are conference tickets to be had) reacts to that with a series of oneliners 😉
Keep praying to you 10 voices.
I like Jack, but this one is a miss imho.
I value and respect your pov. While i think i just quite dont get what you mean. I am just not able to follow your assumption.
I however share & spread the same message. The more lives you positively impact the more value your providing to humanity. Pow.
Maybe I’m wrong but I think nostr:nprofile1qqsgvudxu5vg7ul8w3kv7rw3dxl55eu9gw9h9sfplqalllgylzqef5gpz9mhxue69uhkummnw3ezumrpdejz7qghwaehxw309aex2mrp0yhxketevd5xzapwd9hj7k7whad is basically asking how a person that buys a bitcoin for $1 and holds all the way to $0.1M is creating the increased value that they now hold?
It's create vs. consume, not create vs. hold.
Holding this value is an outcome of years of discipline. If you want to have more, create more than you consume. Also: this is a condition, but not a given.
In reference to “You should only be able to consume from the world as much value as you create for it.” A hodler is not creating anything through the act of hodling, yet they have the opportunity to consume more by appreciation.
But what if you produce a lot of value, yet the market doesn't seem to value it?
This is extraordinarily funny yet futureproof, love your takes nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgqguwaehxw309ahx7um5wghxy6t5vdhkjmn9wgh8xmmrd9skceydgmu 🤠
Damn, I will read again ❤️
my grandMa tells me the same things as what you say today #maxi
#Bitcoin is the greatest store of value because the cantilionaires can't steal it via inflation and they also can't steal it physically. They are scared. Bitcoin Harder! Be free and be sovereign 🤙
Become more valuable is where it gets fun :)
So, I posed a question. What if what you create is never valued?
The instant response is "what you create is not valuable."
But, some of the world's most notable producers and creators, thinkers and buildets, who've shaped society at large for centuries, died unknown and penniless.
Maybe... Bitcoin fixes this?
I wish that’s how it worked bud
