Question:
Why don’t more guys like Sztorc, Back, Dashjr, Wuille, and the other “smartest people in #Bitcoin” use Nyms like Satoshi did?
Why do so few influencers in #Bitcoin follow Satoshi’s example?
Seems odd.
In Physics, Power is the Derivative of Work with respect to Time.
Power = Work / Time
In Economics, Purchasing Power is the Derivative of Labor with respect to Time.
Purchasing Power = Work / Time
#Bitcoin is Purchasing Power Go Up Technology.
Study #Bitcoin my friends.
The best way to Bootstrap the #Bitcoin Network is to grow high conviction adoption via Layer 1 first and then to the outer layers… this requires the most work.
If we only have 500K people with Key Access to L1, and a Billion people on L2, then that’s weak adoption IMO.
And don’t even get me started on #Bitcoin Full Node Runners and Solo Miners… we really need a lot more Full Node Runners and Solo Miners too…
There’s still a lot of adoption we need to grow through Layer 1 from my perspective.
If we had Max’d out the Layer 1 on-boarding capacity of ~200 million people per year for the first 15 years of #Bitcoin …
Then approximately 3 Billion People would have access to #Bitcoin Layer 1 today.
Food for thought.
Instead I think the number of people with Key Access to #Bitcoin Layer 1 is probably somewhere in the low Millions…
And that might be very generous
Perhaps #Bitcoin teaches us that Value is more like a two way street between the Subjective and the Objective.
In order for Value to exist their needs to be a Subject and an Object.
A Mind and a Brain.
#Bitcoin is a bridge between the Physical and Metaphysical.
There is no rush to change #Bitcoin . We have ~117 years until block subsidy hits 0.
We don’t even have 200 million users holding L1 private keys yet.
The strongest way to Bootstrap the network is through Layer 1.
Growing long term #Bitcoin adoption via Layer 2 feels dubious.
Nature is a Proof of Work and there’s no such thing as a free lunch or a free ride.
It’s Proof of Working Turtles all the way down, ladies and gentlemen.
That’s the conclusion.
#Bitcoin ’s Proof of Work helps us minimize free riding and trade fairly.
Eureka
In physics:
Power = Work/Time
In economics:
Purchasing Power = Work/Time
In #Bitcoin… Purchasing Power is designed to go up.
Money is derived from Proof of Work. Money can also be exchanged for a Proof of Work.
In physics:
Power = Work/Time
In economics:
Purchasing Power = Work/Time
Study #Bitcoin.
Someone needs to help me understand how Shitcoin commerce and Shitcoin economics on any Layer 2 is desirable.
We need to stay in our Sound Money orbit. We can’t get sucked into the gravitational pull of Fiat Shitcoin Blackholes.
We must maintain the #Bitcoin Goldilocks zone
If you read Josephus account of Cain and Abel in the Antiquities, you will learn that Abel saw God in all things.
After Cain killed Abel, Cain went off and pursued more profits and proclaimed himself to be the Author of Weights and Measures.
Probably nothing.
#Bitcoin
You must maintain honest and accurate weights and measures so that you may live long in the Land the Lord has given you.
-Deuteronomy 25:15 on #Bitcoin .
#Bitcoin makes our sacred monetary weights and measures honest and accurate again.
The Sons of Abraham need to wake tf up.
#Bitcoin anchoring itself to the least common denominator of Economic activity aka Proof of Work/Sacrifice is crucial + anchoring itself to 10 minutes of Earth Time = the greatest way to incentivize peaceful cooperation, collaboration, and competition
The game design of #Bitcoin is sublime.
& Earth Time is how we measure the Work Intervals of Earth’s orbit
It’s Work all the way down my friends.
There's always Accounting Gimmicks or Black Swan Diversions in the Banana Stand.
Embrace Free Trade.
Abolish the 16th Amendment and all Income Taxes.
End the Fed.
Study #Bitcoin.
#Bitcoin helps us understand that Work is akin to the Atomic Unit of Economics.
Maybe we should think in terms of a Periodic Table of Work for all different Work Elements.
#Bitcoin specifically specializes in helping us price/measure the cost of the Electric Work Element.
🤷♂️
Don’t worry. #Bitcoin hasn’t been perfect since the White Paper dropped or the Genesis Block put the wheels in motion.
Do worry about the Dollar though… and the Hell on Earth it’s causing with its Duplicity and Debt Slavery.
Life finds a way.
Abolish 16A.
Idk what’s going on… some people have been zapping me as recently as this week.
Any tips on how to fix?
Economics is not a science like Physics or Chemistry.
But Economics was more Scientific when we used objective weights & measures for money… like Gold.
Infinite Fractional Money turned Economics into a voodoo pseudoscience.
#Bitcoin makes Economics Scientific again.
Give me the Theatricality and Inception of Satoshi Nakomoto and #Bitcoin over the Theatricality and Deception of the Dollar Monopoly system all day everyday.
Hear me out…
#Bitcoin recombines Religion, Governance, Ethics, Science, and Money into a whole new thing.
It functionally obsoletes ancient institutions by rolling them all into a whole new unified Game.
#Bitcoin is a complete reimagining of the Game of Life.
And it’s the best tool we have to achieve Peace and Prosperity all over Earth.