Jason makes a simple thing complicated. He‘s right that a Bitcoin standard will make physical war of nation states too expensive. He’s also right that the nation state that holds the most bitcoin will initially be the most powerful. And tauschte us should be first. If you’re into nation states. But he misses the point that by being first, they’ll hyperbitcoinize, and thus their power unravels. He also portrays Bitcoin as a securely protocol first. When it really is money first (MoE, SoV and UoA). Secured by the most powerful neural network known to man.
The government’s Bitcoin paradox: They have to be first or they’ll be overcome by someone else. But by being first means they’ll kill the dollar and will selfdestruct.
It’s a paradox for the government. As soon as they get into it, they‘ll destroy the dollar and Hyperbitcoinization unravels. They can’t not get into bitcoin. They have to be first. But therefore they will selfdestruct. Just like Bitcoin‘s paradox with greed. It turns greed into altruism.
Let’s fix third…. https://youtu.be/dghJB7KmG0w
What’s a badge?
What’s a badge?
Bitcoin is soo big, why fiddle around with this nonsense I don’t get.
So, re 1: deflation of current goods and services. They wi be backfilled by said new innovation that will demand premium prices, thus leading to abundance.
Re: Income inequality. That will fix itself due to Bitcoin scarcity. Capital allocation will be to the highest innovation and most productive people. Hence, while there maybe an uneven start, the whales will become smaller (too comfortable) and the shrimp will gain (more hungry).
Re: government, not needed. Local communities will govern themselves surrounded by local values.
Re: labor; due to abundance, people will value art, architecture snd philosophy. And due to automation, there’ll be a lot more time for it.
It’s not so much about competence IMHO. It’s more about human nature, like in animal farm, Macbeth or brave new world.
Looking at it from the outside in, you’re doing the ad hominem, Zack.
Sadly, the use case of Nostr as a decentralized peer-to-peer market place using Lightning and Bitcoin failed. No one was interested….it’ll be a long and slow road.
Dear #Plebchain #Bitcoin community,
I’m going to set an example for how trust will become a value again in a #Bitcoin society. I‘m offering for sale my GoPro 7 Black to the highest bidder by 7 pm US ET. Not looking for much, it’s about the use case. I will ship it to you trusting you. You can then ZAP me when you receive it and it meets your expectations.
Here it is:
What is bluesky and why is it needed?
AI is just a bunch of algos and if then statements. Not even machine learning. Far cry from AI. As with everything else, terms get co-opted and redefined. Just like “crypto”…
Simple math. Bitcoin per dollar, where Bitcoin is 21 million and the denominator goes to zero = infinity. Somewhere in-between lies the stabilization of the purchasing power of Bitcoin for property, goods and services.