The fiat system will die once workers demand #Bitcoin for their labor.
Felt the same way when I joined. It's unreal not having an algorithm feeding you polarizing content. It's also great not to be in a political echo chamber.
The Lightning Network and other L2 protocols are essentially analogs of financial derivatives in the #tradFi space, except they're far more efficient and resilient to liquidity crises by design.
Traditional financial institutions have always struggled to measure counterparty risk. Corruptible credit rating agencies, on which traditional financial firms rely, are a fallible means to measure counterparty risk.
De-fi protocols are public, transparent, auditable, and trustless. In a trustless system, there need not be a dependence on credit rating agencies to measure counterparty risk. As such, de-fi protocols introduce a more efficient financial infrastructure.
In the years and decades ahead, decentralized finance is going to outright replace #tradFi. Those who try to stop it will be faced with trying to stop the wheels of human evolution from turning.
I've studied Bitcoin's price action for years and it is my strong belief that the most plausible course for its future price action is some variation of the hyperbolic growth model.
The extreme parabolic move will begin when hyperinflation sets in for fiat currency and central banks begin to adopt a Bitcoin standard.
Genuinely interested in knowing the answer to this:
How many others get excited, as I do, when Bitcoin's price "crashes" because it's cheaper to accumulate more of it?
My impression is that anyone who truly understands #Bitcoin will understand that, over the long term, fiat currencies will continue to decay in value relative to it.
This is a long game...
On its yearly chart, Bitcoin is poised to achieve its highest closing value ever against the U.S. dollar liquidity index.
Whenever I see someone post that the price of #Bitcoin is crashing, I feel sorry for that person because they're still using fiat currency as their unit of account.
Only the people here on #Nostr will understand this. If I were to post this on other social media platforms, I would encounter people who vehemently defend fiat currency as though it is entitled to be the unit of account because they believe it to be sound hard money, even though it is not.
What these fiat defenders fail to realize is that their wealth is being surreptitiously confiscated each time the central bank creates more of the fiat currency that they're defending. The central bank uses a plethora of obfuscated monetary tools to accomplish this.
Wish I joined a year ago. Didn't understand #Nostr back then, now I do!
Well said. This is very true.
X (Twitter) has become an echo chamber. First it was a liberal echo chamber, now it's a conservative echo chamber. Each side thinks the solution is the rid the platform of the other, whereas decentralization is the solution.
Thanks for having taken the time to share your thoughts!
I've only been posting on #Nostr for just over a week and it's already feeling like home.
The feed on #Nostr is filled with quite a lot of positive content, which is the opposite of my feeds on other social media. It's refreshing to have a social media platform where there isn't some opaque, centrally-controlled algorithm that feeds you highly controversial and emotional content to keep you addicted.
Going to brainstorm ways that I can meaningfully contribute to the community here.
Thanks. I look forward to contributing!
When I posted on Twitter that I would be winding down my use of the platform to focus on developing content on #Nostr my tweet was met with the most hostility I've ever seen from my followers. Very rarely have I ever been faced with denouncement from the people who I thought supported me the most.
I am perplexed by how quick some people are to defend a centrally controlled platform. Perhaps my post was perceived as an affront to Elon Musk, which isn't the case. It was merely based on my realization that centralization of social media is the problem. No human is immune from bias, and thus content moderation, when placed in the hands of any individual, is always susceptible to bias and corruptibility. Power tends to corrupt and absolute power corrupts absolutely. Since centralized social media are controlled by centralized governments, content moderation indirectly falls into the hands of politically motivated governments.
The original goal of my tweet was not to criticize Twitter -- I have gained so much knowledge and valuable real-world life experiences through Twitter and the people I met on there. Rather it was to enlighten my followers about the next step in the evolution of social media: Nostr, a decentralized social media protocol that possesses a unique ability to weather the vicissitudes of ever-changing political winds and to persist as a perpetual non-arbiter of truth.
To whomever on here who reads this, and who likewise understands the limitless potential of building a decentralization basis for social media -- alongside the decentralized monetary basis that Bitcoin is creating -- cheers to you for being the facilitators of innovation and evolution!
We need not worry about the resentment of centralized social media.
History will be on our side.
✅ It's official now. After more than 15 years on #Twitter, I'm finally leaving...
Thank you nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m for championing this protocol and supporting the devs. At first, I didn't quite understand #Nostr, but now that I do, I realize the watershed change that it will cause in the years ahead.
👏 Can't wait for this. It's time for objective truth to be restored and full decentralization of knowledge formation is the only way.
I first learned about Bitcoin in late 2011.
Like most people, I bought into the #TradFi narrative that it was a speculative mania and the fiat system was sound and stable. It took me nearly a decade to discover that exactly the opposite is true.
I pray for those who won't make the same discovery for another decade, or longer...
I struggle to understand people who are hardcore pro-freedom in every sense but who don't use #Bitcoin. Bitcoin is the freest, most censorship-resistant money that has ever existed.
The temporary bank term funding program that was meant to rescue failing banks should be winding down by now.
Instead, it's surging to new highs.
There is no way forward for the insolvent banking system except to create more currency, which is exactly what's happening.
#BTFP = currency creation
Here's yet even more evidence that #Bitcoin is going to become the global risk-free asset, as I described in my June 2023 TradingView
article.
Bitcoin achieves zero counterparty risk far more efficiently than does physical gold, in large part because of the decentralized nature of its ledger.
By the time most people realize it, not even their entire annual salary can afford one #BTC.
To read my full article on TradingView:
https://www.tradingview.com/chart/BTCUSD/0QFdVTt2-The-Bitcoin-Corridor/
Bitcoin is very risky and Treasury bonds are risk-free. 
