People often say to me that there is no way #Bitcoin would ever be used as a medium of exchange.
I see there being a tipping point in the future, after the fiat price of BTC has appreciated massively and hodlers are sitting on huge paper gains.
At this point everyone will want to get their hands on some sats since they have seen it continue to grow and make people around them massively wealthy.
Most Bitcoiners will not be willing to sell their Sats for dollars at this point as it will be clear that they will continue to trend towards zero against BTC.
This will lead to desperate normies selling anything that they can in exchange for BTC. They will trade their labor, their cars, there homes ect. all at a steep discount in order to get ahold of some precious Satoshis
As this trend continues, and the dollar becomes more and more unstable we will begin to price goods in sats and eventually it will grow into full circular economy.
It will not be a sudden transition in my opinion, but rather a slow transition that happens on the margins.
a440hz = poison
Weed dulls consciousness.
I just quit recently and the sleep quality and dreams have improved massively.
If you can not physically defend your home than it is not your property.
Real estate investors that buy properties across the country do no own large amounts of land. They simply own a piece of paper from the government which grants them the right to use the states power to defend that land.
If the state decides they want that land, they will take it. If the state decides you cant evict your tenant, you wont receive rent. If the state wants to raise taxes on your land, you cannot move jurisdictions. You are at the complete mercy of the monopoly on violence.
I always wanted to go into real estate investing but Bitcoin has changed my perspective an now my goal is to simply provide goods and services fo value in exchange for the highest form of property known to man, #Bitcoin.
Excellent article: https://c4ss.org/content/59071
This Longshorman strike reminds me of the writier's strike a little while ago.
Automation and AI are scaring people who's jobs are easily replaced. This is natural but is extremely interesting.
The employers want to maximize efficiency which means moving towards more automation but they still rely on these employees so they cannot move too quickly.
I would not be surprised if we continue to see stikes like this as wages fail to keep up with inflation and automation become more effective and affordable.
There is no way to hold back the tide of technological development and it is clear that in the future companies will need far less human capital to operate.
The only answer is to either become extremely proficient at a skill which will not be easily replaced or to start a business of your own and utilize the same tools to your advantage.
The world is ruthless and you either adapt or die.
UPtober is upon us.
Old school nostr:nprofile1qqs283ygasvsd32k4mcffuxylk8wk7wadyym4h2spgcryd8jdceld0gpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsqc5pz5 explaining Proof of Work:
"It costs over $1,000 to create a #Bitcoin. What does it cost to create a U.S. Dollar?"
🌊⚡️⛏️ https://video.nostr.build/2298381f6610b2d67d590243a63a9fda5a9fd2571d872d38ef471a4b1afd8c25.mp4
Absolute legend.
Oppression breeds rebellion.
The free market of life is always searching for equilibrium.
#Bitcoin is the natural result of fiat money.
I don’t do or care about technical analysis of #Bitcoin.
However, I drew these lines months ago and we have remained pretty much in range.
We broke out to the upside about a week ago and are re-testing the upper bound now.
I have a feeling that once we really break out of this trend we are off to the races.
With all of that said, 1btc = 1btc
When the status quo becomes unacceptable, change becomes necessity.
I refuse to relent until the mission is complete.
Very true,
Gradually then suddenly.
Definitely a shitcoin, all this talk about I being medicine is misleading.
It dulls your energy, and as a man who wants to do big things it is just not compatible.
What happens when Blackrock decides to transfer custody of its #Bitcoin to BNY Mellon and Coinbase has to move 300k Coins off the exchange...
When the tide moves out, we will see who is swimming naked.
So interesting how I have made so many justifications for how its not bad, but when I am honest with myself it is clear I would be better off without it.
Love the content Matthew! You have played a huge roll in my journey down the rabbit hole and I cannot thank you enough!
No more THC for me.
A clear mind is more pleasurable than any vice.
People buy from people they like.
1 billion dollars but you can’t own any Bitcoin, or 1 billion satoshis but you can never use fiat again?
Lowkey a tough one but you already know which one I’m going with.😎