If you go buy a house and the lot size is in square feet don't do it

Nope, not everything you save in bitcoin. It will preserve its value.

Alot of shitcoiners took the vaccine.

Alot of Bitcoiners didn't.

BTC is like pizza.

GM.

10 years ago, a 16 dollar lunch was considered excessive luxury for me, something I would never do. I'd pay tops 10 dollar for a lunch.

Today you get a fucking salad for the same price. And the wages hasn't budged at all in that same time. So only way to keep up without drowning is to climb the fiat ladder.

Fuck inflation.

There was a study and it turns out that yes, beards are more appealing than clean shaves. nostr:note1pyks4rktnxfw3zh2kp560wn3g80nyp2e550kfhhxuf3aal63v2fsh68khh

Maxis who claim "real estate is a shit coin" and such, live in a fantasy world. There has never been a time in civilization where every family "owned" a home, rentals are a constant in civilization.

Bitcoin won't change that you need dilithium crystals, transporters and replicators to change that.

So long as people want to rent homes, there is a business model in being a land lord. And quite a good one.

The reality here is the same shit over and over, typical pattern. Those that don't want to learn how to do a thing, come up with why the thing is "bad". It is retarded and it makes you look like a retard to anyone who is informed on the matter.

Same shit when I teach say gardening for preppers and some dipstick says, "but when the shit hits the fan the zombies are just going to see me as a target and steal my tomatoes".

Just shut up and say I don't want to grow a garden (invest in real estate) because it is too complicated for what I want in my life. Then I will respect you, but using ignorance as a shield makes you look like a fuckin idiot.

I spoke at a big bitcoin-adjacent company this week and one of the best questions was from someone who asked what the downsides of bitcoin adoption might be.

I always do appreciate these steelman questions, the skeptical questions, the ones where we challenge ourselves. Only when we can answer those types of questions do we understand the concept that we are promoting.

So the classic example is that in modern economic literature, "deflation is bad". This, however, is only the case in a highly indebted system. Normally, deflation is good. Money appreciates, technology improves, and goods and services get cheaper over time as they should. Price of Tomorrow covers this well. My book touches on this too, etc. The "deflation is bad" meme is still alive in modern economic discourse and thus is worth countering, but I think in the bitcoin spectrum of communities, people get that deflation is fine and good.

My answer to the question was in two parts.

The first part was technological determinism. In other words, if we were to re-run humanity multiple times, there are certain rare accidents that might not replicate, and other commonalities that probably would. Much like steam engines, internal combustion engines, electricity, and nuclear power, I think a decentralized network of money is something we would eventually come across. In our case, Bitcoin came into existence as soon as the bandwidth and encryption tech allowed it to. In other universes or simulations it might look a bit different (e.g. might not be 21 million or ten minute block times exactly), but I think decentralized real-time settlement would become apparent as readily as electricity does, for any civilization that reaches this point. So ethics aside, it just is what it is. It exists, and thus we must deal with it.

The second part was that in my view, transparency and individual empowerment is rarely a bad thing. Half of the world is autocratic. And half of the world (not quite the same half) deals with massive structural inflation. A decentralized spreadsheet that allows individuals to store and send value can't possibly be a bad thing, unless humanity itself is totally corrupted. I then went into more detail with examples about historical war financing, and all sorts of tangible stuff. In other words, a whole chapter full of stuff. I've addressed this in some articles to.

In your view, if you had to steelman the argument as best as you could, what are the scenarios where bitcoin is *BAD* for humanity rather than good for it, on net?

So the potential discovery of room-temperature SUPERCONDUCTORS might make hoverboards a reality soon! 🛹 🤯 #ScienceFictionNoMore #HoverboardDreams

Sometimes the memes are all too real…

#FreeTheMemes

#Zapathon