Ask yourself, how is it, that you do not?

What about Aqua wallet? I think you would need something with built-in channel management. I know Aqua is targeting the developing markets and total noobs.

Do you hear the grasshopper which is at your feet?

So it’s not a commodity (since you can’t eat it, like wheat; and it’s not a raw material, like oil or gold). And it is indeed money (UoA, MoE, SoV).

In the past people used commodities also as money or to back money to approximate scarcity. Scarcity is the key. So gold, for example was both, a commodity and money. Interestingly valued differently for each function.

For the first time in human history, Satoshi-san invented pure money with absolute scarcity. Nothing else exists that cannot be corrupted, like #Bitcoin.

There are a lot of confusing forces at play. Like shitcoins pretending to „improve“ on Bitcoin in some way, but compromising one of the key attributes of Bitcoin like decentralization or PoW and hence enabling corruption for private gain. Or governments and corporations changing the meaning of words like cryptocurrency, stablecoins and yes, money vs commodities, to attack and control Bitcoin or move it into another realm.

The other big confusing factor is that during the adoption toward hyperbitcoinization, the purchasing power of your money, Bitcoin, actually increases. Which makes Bitcoin behave like an investment not a savings (SoV). The price of goods and services decreases far beyond the natural decrease in prices due to increased productivity and innovation. So you have a lot of fiat behavior going on, like trading, etf‘s, options etc.

Once Bitcoin adoption reaches critical mass, it’s simply money. Goods and Services will be priced and exchanged for Bitcoin. You can’t invest in money, because how would that work? I earned one Bitcoin, and invest one Bitcoin, so I still just have one Bitcoin. And, because Bitcoin is THE money, not a commodity, you don’t trade it for another money.

The beauty of scarce money is, society will be able to harvest the benefits of innovation and technology. Abundance. Existing things will get cheaper. People will have time to focus on new inventions (at premium prices), art, architecture and beauty. It’ll be a beautiful new world, not a brave new world.

During adoption to hyperbitcoinization Bitcoin will turn greed in altruism. Due to scarcity, Bitcoin will flow to value. So even when bad guys start with more Bitcoin, unless they become productive stewards of our earth, they’ll spend more than they make.

So it’ll all work out. Fix the money, fix the world.

$10 onchain 🤔 that poor little UTXO

Good morning 😃

Answer me these two questions. Can you eat Bitcoin? Or use it as raw material? Changing the meaning of words, in this case confusing money and commodities, is ultimately intended to dollarize #Bitcoin. To keep it in a box while maintaining the fiat system. To trade #Bitcoin. To create derivatives and options markets, etf’s. But ultimately to use dollars. If you consider #Bitcoin to be money, then none of that makes sense. You can’t invest money in money. Let‘s say you earned one #Bitcoin by adding value. Could you invest one #Bitcoin into one #Bitcoin? No. Be careful out there….it‘s a brave new world.

Sorry, but the first will probably have to be Wallet of Satoshi. Custodial, but the UX is the easiest.

This is one of my favorite things to cook. So easy and delicious. #foodstr

Right, he changed the meaning of the word commodity, conflated it with the meaning of the word money, and hence moved #Bitcoin into another realm. He also said Bitcoin and the USD will coexist. Dangerous. He also said, at #Bitcoin Atlantis, that the Banks and Corporations need Bitcoin, true. That that helps Bitcoin, true. And then concluded that we should embrace them-lol. I don’t think so. Finally, he used other people’s money to get rich with Bitcoin. While you can argue about the virtues of using the fiat system to get rich, he surely isn’t pure. Again, be careful.

Just arrived in Mexico to speak at Festival De Las Ideas after an incredible week at #Bitcoin Atlantis in Madeira.

Want to share what part and why?

Want to share what part and why?

Want to share what part and why?

#Bitcoin is actually money. A commodity is a raw material, or something you can eat. Before #Bitcoin, commodities were used as money, or to back money, to achieve scarcity. Calling Bitcoin a commodity is intended to regulate it. To tax it, track and trace it etc. A trap. And ignores #Bitcoin‘s UoA (the recording) and MoE (currency) features. The P2P system that would make us free. Accuracy of language is very important. „By controlling the language, Big Brother controls the way that the people think“ (Orwell). #MichaelSaylor also tells you Banks and Corporations are your friend….be careful out there.