It's their path to be orange pilled.

To each their own narrative. „Bitcoin: a novel thing to solve an old problem“

Ice doesn't become steam without first becoming water. All in due time...

Both

It's Both

It's utility as gold over cash I feel like have naturally emerged over time as a consequence of its properties (which should not change).

Something that settles in 10 mins can never be "cash". And I don't want it to be.

Can be both?

no

I am, whatever you say I am.

What’s your point, it is digital gold that can also be used as peer to peer cash.

or cash, which cannot be printed for free for wars

BTCs utility as gold over cash I feel like have naturally emerged over time as a consequence of its properties (which should change very little if at all).

Something that settles in 10 mins can never be "cash". And we shouldn't want it to be.

Layer 2s are for morning coffee purchases. you don't roll up in your tank and pull out bars of gold for Starbucks.

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Not mutually exclusive. The former reinforces the latter. Adoption of a functioning p2p digital cash happens for the same mimetic reasons that gold emerged as the preferred monetary asset. If it's something I think others will want as money, then it's what I should use as money.

Few understand this.

It is both!

Bitcoin’s everything

Every individual user has different circumstances and so different needs. Government needs digital gold so that's what bitcoin is to it. Other people need p2p cash and that's what it is to them. It can change for the same person one day to the next. There's no reason to impose one use case on everyone.

Anti-counterfeit alien money

You need one before the other. No one will use it as cash until it is accepted as a store of value by most people we are not there yet.

Governments: "Bitcoin: another great way to remove wealth from the pockets of the proles and keep it in a vault for the exclusive use of "continuity of government"

Government is still in the "fuck around" stage, eventually they'll "find out"

Freedom money. Or bust.

One desires freedom one desires control.

choose

Marc Andreessen has put everyone in trouble for his own company, I guess you are good here. #jack #pmarca

nostr:note1wsmrhr6u8ewr42czpyxhqr68et50sxsj9kp28lr3hn3msknh8ljq6xhs3k

nostr:nprofile1qqsgydql3q4ka27d9wnlrmus4tvkrnc8ftc4h8h5fgyln54gl0a7dgspzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgkwaehxw309aex2mrp0yhxummn9eek7cmfv9kqtrrke4 interesting… are we saying big block vs small block wars again or are we thinking of decentralised bitcoin as we know it (no fork) another way of making “bitcoin” Peer-to-Peer cash system? Lightning mass adoption? I have seen you speak of the importance of this!

People on nostr: Bitcoin: zaps ⚡️

Hal:

Monero: Digital, private cash. I know you have a stash Jack.

Bitcoin is the way

…Love, fredom and Hope 🗽🫂🧡 nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m

┐(´д｀)┌ﾔﾚﾔﾚ

Jack knows what’s up

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Guess ‘ungovernable cash’ wouldn’t fit the narrative.

The market decides how they use Bitcoin.

We are in the store of value phase right now.

If governments remove the capital gains consequences, maybe the transaction phase will start in earnest?

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Satoshi created Bitcoin as money that people can use freely 🗽🧡

I think some will be ticked when they realize it truly is a peer-to-peer cash system & that’s what the population starts using it for

They. Are. Afraid. 👌

that's why we don't like governments

👀

Cash

Peer-to-peer Cash

*Cash* as in the most liquid bearer asset that you can use without permission.

You keep cash to protect against future uncertainty.

Cash is king.

Bitcoin is the best cash.

They don't want it to be accepted as a currency

You’re absolutely right. Satoshi envisioned Bitcoin as peer-to-peer electronic cash, but governments and institutions often frame it as “digital gold,” potentially to limit its use as everyday currency. For instance, Federal Reserve Chair Jerome Powell remarked that Bitcoin is “just like gold, only it’s virtual,” emphasizing its role as a speculative asset rather than a payment metho

Yep. But most will regret spending it.

It was created for desintermediation and inclusion. To build a better world.

The governments are walking into a trap. The dollar/gold ratio should demonstrate to the public what a shitcoin the fiat dollar is, but governments and banks are able to manipulate the paper gold market to hide this fact.

They think they can get everyone on an exchange and create a paper bitcoin market to do the same. Self custody of bitcoin will cause this plan to blow up in their face.

Everyone has their say

Bitcoin doesn’t care

Governments adopted that saying from Saylor, but I believe bitcoin for purchases comes next in this long process. Eventually the price goes up enough to where people with their own stockpiles of "digital gold" will want to utilize their new purchasing power.

For me, Bitcoin started as digital gold and morphed into peer-to-peer ECS. When it comes to Bitcoin, ignorance is NOT bliss.

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Bitcoin is better than gold because it is a peer to peer electronic cash system. But it holds value better than anything else that is transmitted electronically. From a government’s lens, the immediate value is in the storer of value function. The ease of transmission is one of the reasons why they should save using in bitcoin rather than gold.

SoV, then MoE

nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m so who wins that fight?

Can financialization of Bitcoin make it just another asset?

How many people in the US will truly want to experience self custody.

So the peer should pay the peer in Bitcoin because the holders are keeping it out of use.

#bitcoin becomes p2p ecash system at 10 K .. it becomes digital #gold at a million USD .. In between - it is just a super volatile token - with a community that is fighting with each other tooth and nail .. there are NO benovelant dictators in this OPEN Source program - who could show a finger to the biggest players like Linus does .. So ..

That was part of the Bitcoin takeover orchestrated by CIA/Bilderbergers.

Now we have Monero. Bitcoin is not fungible. Never will be.

But in many ways (even if they don’t understand it) it is the same in the end: digital gold means peer to peer electronic cash system

Gold was demonetized because it was not digital. Digital gold will also be peer to peer cash as contrary to gold it does not require centralized custody and is not more practical to exchange through intermediaries

Just paid my barber nostr:nprofile1qqsyp3l0mkyss3rjg4fgnfmjhk4lzmpnxww9eqkm32weu8c92v04ngqpz4mhxue69uhkummnw3ezu6twvamkjefwd4jszrthwden5te0dehhxtnvdakqysuk7k in bitcoin 🙌🏾

We need to accelerate lightning integration across the web

Lightning login should replace Google login

Until that happens, Bitcoin will remain "digital gold"

Bitcoin as digital gold is just a stop on the road, rather than a destination though right?

If I had to build a time machine, I would start with Bitcoin, and if not, ask the one who was running and and also to the one inventing the bitcoin trees.

The lowest risk position to hold in #Bitcoin is to purity signal against governments and corporations.

But here's the reality: #Bitcoin is nonpermissive. We can't stop groups from saving in #Bitcoin. Not corporations. Not governments.

Saylor's posture, of #Bitcoin realism, takes more courage than Jack's, IMHO. Getting the trojan horse in through the gates takes huge personal risk and lots of work. Sitting back and negging is great for making anarcho friends online but does not advance game theory or shape it in our favor.

The adoption path for #Bitcoin is not linear. It is occuring all at once. Power is ordered in the world, but still distributed. Governments and corps would plainly be the last to adopt private internet cash. SoV clearly comes first for them. But developing and deploying privacy-preserving payments is not blocking on Gov approval.

We don't need permission to, slyly and in a round about way, introduce private payments into #Nostr and into real world economies. The developmenr of #Ark, for example, doesn't need to care about how govs and corps use Bitcoin.

Think nonlinearly.

Think nonpermissively.

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We're riding with Satoshi

let's embrace their interpretation for now. still much to be discovered.

If only people could easily spend Bitcoin at point of sale, like say at those ubiquitous square terminals

Gold is an analog peer-to-peer cash system. So they are both right.

Bitcoin doesn't care what we say it is.

Bitcoin just is.

Whatever it "is" to each entity, that is what it "is" to them.

Satoshi: "Bitcoin: Freedom."

Governments: "Bitcoin: Threat."

stolen bitcoin reserve

Both are true

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i love what you did

There are two major personality types, on a gradient.

There are Sensors who understand the world through their senses, what they can touch, see, taste, etc. They tend to strongly prefer non-abstract, concrete language, so they would prefer calling Bitcoin "digital gold." Peer to peer e-cash system won't make sense to them because they can't see it or touch it.

Then there are Intuitives who are far more comfortable with the abstract and conceptual dimension and language along those lines. A description of Bitcoin as "Peer to peer e-cash" rapidly makes sense to them even though it's not a system that anyone can touch or see in a physical domain.

This is why gold bugs like Peter Schiff struggle so much with Bitcoin. Peter Schiff's unchangeable psychological temperament is Sensor. Since they can't touch Bitcoin, but they can touch gold, and they would gravitate towards gold, since it works kinesthetically in the moment, spacially.

The major distinction between Bitcoiners and goldbugs is the domain of their psyche's that they trust and are more sensitive to, whether Sensory, or Intuitive.

So if the government says Bitcoin is digital gold, even though we know that's not fundamentally true, try to cut them some slack because they may be doing their best to communicate in a way that Sensors are more familiar and comfortable with that will help them get on board.

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Both represent real value that can be stored or exchanged. Trying not to get too caught up on the word choice.

If bitcoin is treated like digital gold it's has failed.

So, what do we do now?

Why aren’t you at the summit?

I like p2p. it's good.

everything eventually outgrows the ideology that it was birthed in, everything evolves. Bitcoin is evolving and changing.. like it or not..

Trump either is really good at playing dumb about bitcoin or he really is clueless

Bitcoin doesn't need to be a peer-to-peer electronic cash system, we have Monero for that.

Essentially it's both: both digital gold and exchange currency. Satoshi is always right though 😉🤟🧡⚡️

IT IS BOTH.

It's natural for some actors to want to pigeonhole it into a box.

But that doesn't change the fact that it is still a superior form of a medium of exchange, thousands of times faster, more secure and more private than any other. And its also the best form of money, property and store of value ever invented.

We the people must push it as a medium of exchange since its not in their best interest.

Which comes first the chicken or the hen?

nostr:nevent1qvzqqqqqqypzpq35r7yzkm4te5460u00jz4djcw0qa90zku7739qn7wj4ralhe4zqy88wumn8ghj7mn0wvhxcmmv9uq32amnwvaz7tmjv4kxz7fwv3sk6atn9e5k7tcqyp6rvwu0tsl9cw4tqgys6uq0gl9w37q6zgkc9gluwx7w8wz6wul7g57ah24

What do we do now @jack? Does something else come next?

Glad everyone’s on the same page

Satoshi’s vision

Satoshi ? Or jack

You are satoshi

Soooo... bigger blocks?

Bitcoin is both. Former is Lightning Network, latter is the Blockchain.

Satoshi compared it to gold in various ways.

"I see Bitcoin as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking. Banks could issue digital cash with greater anonymity and lighter weight, more efficient transactions."

-Hal Finney

lol. lmao. are you people ever going to explain why you took twitter algo away from me?

SAÇ ile Dorsey vs atar bu konuda.

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The world is searching for the next reserve asset, and it is now defining the battlefield of East vs. West power struggle.

In times when nation states don't trust each other, what neutral asset will they accept from the other?

Not yuan. Not dollars. Etc. They are not neutral and their ledgers are not immutable.

The US is leaning into BTC. Russia has declared gold. China is buying gold.

The world will decide.

Governments will help increase awareness and adoption until Bitcoin eventually makes fiat obsolete.

You’ve done your homework

Satoshi: “Bitcoin: A Peer-to-Peer Electronic Cash System”

Governments: “Bitcoin: Digital Gold”

nostr:nevent1qqs8gd3m3awruhp64vpqjrtsparu468crgfzmq4rl3cmecactfmnleq7rsl3u

ช่วยคนที่ลำบากทั่วโลกได้นะ

nostr:nevent1qvzqqqqqqypzpq35r7yzkm4te5460u00jz4djcw0qa90zku7739qn7wj4ralhe4zqy88wumn8ghj7mn0wvhxcmmv9uq32amnwvaz7tmjv4kxz7fwv3sk6atn9e5k7tcqyp6rvwu0tsl9cw4tqgys6uq0gl9w37q6zgkc9gluwx7w8wz6wul7g57ah24

🤔🤔🤔🤔

nostr:nevent1qqs8gd3m3awruhp64vpqjrtsparu468crgfzmq4rl3cmecactfmnleq7rsl3u

The ‘digital gold’ narrative is played out and doesnt add any valuable incentive anymore to the future of Bitcoin.

At the start of the Bitcoin network it was needed to create the urgency for people to HODL Bitcoin and to gain exposure for the network.

Yet after the Bitcoin ETF was introduced at the 10th of January 2024 the narrative became futile.

Are only hope to keep the Bitcoin network going in the future is transforming Bitcoin into ‘A peer to peer electronic cash system’ just like Satoshi Intended.

Don’t waste to much of your wealth on grifters in opensource development nostr:nprofile1qqsgydql3q4ka27d9wnlrmus4tvkrnc8ftc4h8h5fgyln54gl0a7dgstw3r3l but rather invest it in highly curated projects to achieve Satoshi’s objective.

Tried to work with several people within Nostr to create dapps and innovate peer-to-peer electronic transactions.. they don’t care.

They just want to grift for grants or become a ‘name’ in the Nostr community.

Waste of time.

#Jackstr

Or Dan was it? 😛

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They can't kill it, so now they'll try and contain it.

Me and You(title)(Esi ki ego)https://youtu.be/28LO_I6pjUw?list=OLAK5uy_nPElhtL0PCo_NHODzGSMBARhZiDE57kjU

Satoshi must have be headcahe 🤕

なあ

あんたが昔作ったアプリ壊れてるで

The OpenSats grants are currently on hold. What are some other ways to get funding? What’s the process to get a startsmall grant/award?

Tools can be used differently by different entities, no?

Wish everyone have a good day .please have a look at my art and if you like , tip me here

Interesting. I've been thinking about this a lot lately.

I think it's a temporary phase because people are slowly starting to understand what hard money is.

Not helping the rumours 😂🤷‍♂️

you are traitor to Satoshi .

Serial killer