I read it. What I liked: dismantling the Econ 101 myth of "in the beginning, there was barter everywhere". I think it fell short on many fronts. It could have gone deeper on the idea of the necessity of "measuring" as a precondition for trade, especially between people who don't have a lasting relationship. And of course I wish it had considered the incredible breakthrough that is Bitcoin. Don't regret reading, but not many eye opening ideas for me. Did you like it?
To everyone fleeing the fiat house of cards and the altcoin smoke and mirrors: welcome to hard money.
That being said, you're not getting my coins. Find them somewhere else.
If the turmoil in fiat banking continues, companies could start keeping some Bitcoin for emergency payments. But employees don't want to get paid in money with complicated tax implications. So there will be a powerful group who will want those weird tax implications ended. Imagine that.
I think a bunch of degen crypto traders got spooked with their money trapped in exchanges that are getting gradually debanked in a scary weekend. So they scurried to Bitcoin to preserve capital, maybe with the intention of cashing out later when things settle. I suspect that's the reason for the recent price spike. But think about it: this is exactly what Bitcoin was made for. Maybe for a few of them, the point will sink in. Welcome to hard money you can't fuck with. Stay awhile, see if you like it.
I feel like if you write a book about Bitcoin you should find a way to accept payment in Bitcoin for your book about Bitcoin. I know there are "obstacles". But if you're not trying to figure that out, what are we doing here?
I'm not usually a price watcher, but I must say, it warms my heart seeing that bank runs and altcoin nonsense are causing a flight to safety towards Bitcoin. This is what it was made for, so pretty
I kind of like Bitcoin at 20k, makes all my mental calculations so easy, 5k sats one dollar. I will miss it.
Bitcoin's second layer: lightning, so pure, so fast, so perfect.
Fiat's second layer: the banking system. Yes, that one. The crumbling one.
Allocate risk accordingly.
Tick tock next block. Forget them nonsense ponzi peddlers. Build on Bitcoin, spend in Bitcoin, circulate. Whatever you're selling, accept Bitcoin. Whatever you're buying, try to get them to accept Bitcoin. It's never been easier than now. Keep hodling, but also spend. Grow the economy. Tick tock.
Béisbol time!
I mean, I get that it would increase the Bitcoin price. But what I would like to see is Bitcoin adoption. An ETF doesn't do this. As usual, I'm willing to change my mind.
It doesn't help with adoption, all it does is help fiat finance people front run Bitcoin adoption.
Not so clear to me that a spot Bitcoin ETF would be any good. Of course if it must happen, then, whatever. But I don't see why so many plebs cheer so enthusiastically for it.
Oh I see. May I suggest #[5] ? His content is very good, in my opinion, and he does have a large following
To me they're not in the same category, Pomp is a grifter and Peter is a guy who sometimes gets some stuff wrong, and is always open to learn. I still listen to WBD pod occasionally.
This is why I'm a big fan of stuff like the Beef Initiative. Btw, are they here?
Besides asking "do you accept Bitcoin?" in every store, what can a regular pleb do to increase bitcoin merchant usage? Have you had any success orange pilling merchants? So far I've only converted 2 hodlers... It's not nothing, but I think what we need is more ways to exchange our hard money for goods and services, to make it even harder
Good rule of thumb for knowing whether someone understands economics: if they talk about "creating jobs" in the abstract as an absolute good, dismiss. We can create a lot of jobs by banning electricity. Create value you cowards
History will look back at central banking the way we look at feudalism as a production mode today.