GM! Have a beaut of a day!
Listen up. #Bitcoin is not scarce (for the majority).
Let me explain.
Bitcoin will not be scarce to most individuals because they won't care if it's held by a custodian or if they have control of their keys. This will keep real bitcoin prices suppressed.
Those who value self-custody can accumulate real bitcoin at a discount while the ignorant majority engages in a game of musical chairs.
The situation won't be much different from the current #fiat system, except for one crucial aspect: the possibility to opt-out. Bitcoin offers an alternative for those who want to escape the legacy financial system.
Most people will never care how their money operates, just like they don't care about the inner workings of their cars. Number go up, but it's mostly due to bitcoin being denominated in hyperinflating fiat currency rather than the immediate adoption of hard money standard.
We're unlikely to witness hyperbitcoinization during our lifetimes. So, take a breath and remember that bitcoin's path to widespread adoption will be gradual. Don’t worry about missing out on bitcoin before it "moons.”
Bitcoin's true value lies in its potential to disrupt the existing financial system, offering more control, security, and autonomy to individuals. Who even cares about the dollar price?
The concept of scarcity in bitcoin extends beyond its trade value. It's about having sovereignty over your finances and securing generational liberty.
In conclusion, bitcoin's scarcity for individuals will be determined by their time preference, level of awareness of and desire for self-custody.
Stop waiting for the rocket ship, stack in silence, wield your freedom… and build the moon.
Based
nostr:note1xyaluvn05aqv47cys7wd86vxqynx9rm8vljurpfuhps62zvdgflshjl2vr
nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a, I am willing to include a short story of about 3000 words from you as a featured story on our second #bitcoin fiction anthology forthcoming Q1-25. The theme is Financial Fallout. Let me know if you are interested!
👀 now, what do we have here? nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a have you checked out the 21futures.com #bitcoin fiction community?
Coming soon...
👀 now, what do we have here? nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a have you checked out the 21futures.com #bitcoin fiction community?
Wrote about this recently: https://primal.net/e/note15z3pk2hlx08cl8trzgwx6nys0jql4xq8swppcl76t7csgepqyx8s5gdw0s
I have made my peace with the likely scenario that none of us alive today will be there for hyperbitcoinization. Wielding bitcoin is infinitely more important than Hodling. Your time is more scarce than anything, so spend it wisely. Spend it with your family and accumulate skill capital that you can pass down instead of a trivial balance of sats.
Positivity is key! There is a whole lot more to life than following the price action ❤️
It’s the key to a happy and effective life. I used to worry a lot about things that ended up owning me. I thought I was free but truly far from it. After shaking the fear, I am more relaxed and able to contribute, build and stack more!
#Bitcoin will not set you free.
When I left #fiat originally in 2011, I had no assets to my name and no cash. Everything I owned fit in a small backpack.
My key to freedom was not owning anything. That helped me realize I only needed my skills and will to advance. Bitcoin, of course, expedites everything, but you can’t buy freedom even with absolutely hard money.
You can always accumulate more using your skills. What holds many to fiat is the idea that spending bitcoin or not stacking hard enough makes you miss out on monumental gains. This may be true, but it’s a trader, not a builder mindset.
Builders never go hungry.
Don’t to be afraid of losing anything. This is a lesson I learned the hard way having lost everything including the will to live. As my final resort, I tried detatching from fiat and it fixed everything.
Bitcoin is not the answer, not needing it is.
Yes! I am waiting for someone to build it. I will jump on the chance to demo it with some of our books immediately.
Thanks for the tip!
As I explained in the original post, this is purely a theoretical exercise designed to participate in governmental discussions.
You are right! There are examples in the history of free private cities. So the question is, why don’t we have them anymore, and do we have the incentives and the tools to have them again? We might not yet be there, but I remain optimistic that free cities will become the norm within some generations. It is the natural “state” of things :)
