“#Bitcoin has no top because fiat has no bottom!”
- Max Keiser
It took me a while to grasp this. The value of Bitcoin can go up forever because the value of fiat can go down forever.
For me the use-case for #Bitcoin as a MoE was planted in multiple instances:
1. Satoshi releasing Bitcoin in Jan 2009 with “Chancellor on brink of second bailout for banks” embedded in the genesis block. All developed countries were put through the ringer during the Great Financial Crisis, including my business.
2. Reading nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak ’s The Bitcoin Standard to understand money, what’s wrong with fiat, and Bitcoin as a world-view. This allowed me to see the full path: SoV, MoE, UoA
3. nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe has really opened my eyes to seeing everything as Bitcoin-first, including seeing the fiat system’s inflation and oppression.
4. Accepting Bitcoin/Lightning payments for my products, which is my way of getting involved with Bitcoin as MoE.
Me: People poo-poo'd the Internet back in the mid-90s.
Anti-Bitcoiner: The Internet wasn't pretending to be money.
Me: The Internet wasn't pretending to be images or web browsers or search engines or blogs or e-commerce or social media or video streaming either. Yet here we are.
This is *how* #Bitcoin gets applied to economic activity: as a constant measuring rod against which all economic activity is measured.
“The automatic adjustment mechanisms of the gold standard had always provided a constant measuring rod against which all economic activity was measured, but the floating currencies gave the world economy imbalances.”
- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak, The Bitcoin Standard, Chapter: WWII and Bretton Woods
How cool!
“The holographic principle states that the entropy of ordinary mass (not just black holes) is also proportional to surface area and not volume; that volume itself is illusory and the universe is really a hologram which is isomorphic to the information "inscribed" on the surface of its boundary.”
Them: The price of #Bitcoin is volatile.
Me: Well duh!
Imagine complaining that the skyscraper isn’t finished being built when the cement is still being poured into the foundation.
Criminals use:
#Bitcoin
TCP/IP
SMTP
Thank goodness for Free and Open-Source Software (FOSS)
You are technically correct. This is why I use the “common tongue” so regular people will understand.
👍