“Venture capital is focused on the exit, within three years… However, major innovations can take 15-20 years to fully develop…”
“The failure to differentiate between value creation and value extraction as well as unearned income and profits has meant that the disproportionate capture of rents in the private sector has gone largely unnoticed.”
“…we are not faced with a lion in a cage that needs to be released by taking away the impediments (tax and regulation); rather, we must first turn the pussycat into a lion.”
“…investment is driven by innovation; specifically, by the perception of where new technological opportunities lie.”
“…the current policy emphasis on ‘fixing finance’, while leaving the real economy sick, sets the stage for successive bubbles and a boom-and-bust economy.”
Mazzucato & Perez
“Similar to the properties of water, Bitcoin miners will follow and flow into the lowest-cost energy sources, consuming excess energy when needed.”
“…we simultaneously need to do everything we can to mitigate the negative impacts of the unravelling of the old system, all the while harnessing the best of human sciences, arts and cultures to build bridges from here, to there.”
https://ageoftransformation.org/the-next-decade-will-be-the-most-pivotal-in-history/
“The hallmarks of this emerging production system are very different to what we’ve seen before. The new, exponential technologies are inherently decentralised and distributed, and they work best in the context of participatory structures and collective intelligence, in networks rather than centralised hierarchies.”
https://ageoftransformation.org/the-next-decade-will-be-the-most-pivotal-in-history/
“…the way we harness energy is intimately and mutually entwined with how we see the world, how we regulate our politics, and how our economy works – and vice versa.”
https://ageoftransformation.org/the-next-decade-will-be-the-most-pivotal-in-history/
“Bitcoin represents hope, a money that is independent of governments and corporations is absolutely necessary if we do not want our children to grow up in a surveilled and controlled dystopia.”
“Bitcoin gives us all the ability to opt out of a system that has massive layers of counterparty risk built in, years of cheap money and broken incentives have layered risk on top of risk throughout the entire global economy.”
https://timechaincalendar.com/
Helps to train the mind to see things via Bitcoin and not Bitcoin via fiat.
“We’re extremely excited to be putting on the world's first bitcoin & lightning event in Asia,” Malcolm Weed, COO of Neutronpay said, echoing Buu. “Bitcoin adoption is very strong across the region with countries like Vietnam (1), Philippines (2), India (4), Pakistan (6), Thailand (8), and China (10) all being in the top 10 global rankings for bitcoin adoption, making it the world's bitcoin epicenter. With over 4B people in Asia, representing half the world's population, 70% of which are unbanked, it is no wonder bitcoin adoption is so strong.”
“Even with the uncertainty and skepticism from those who don't understand Bitcoin, more people are taking the time to learn about it and recognize its value.”
I’m not sure that “fair distribution” is either desirable, possible, or a marker of a well-functioning system. I’m more interested in the cultural shift which Bitcoin will, I hope, contribute to: rewarding those who stood by their principles, encouraging healthy scepticism, greater emphasis on privacy, critical thinking and understanding the impact of good and bad incentives.
I like to think that the same foresight which the Hodler generation used to acquire Bitcoin at rock bottom prices will be used after Bitcoin appreciates ten-fold (or whatever the actual increase will be). E.g. if grandpa sees that his grandkids are just waiting for him to die so that they can take over his citadel, grandpa will allocate his capital to initiatives that combine putting one’s house in order and making the world a better place.
By contrast, people who got rich through real estate and the stock markets did so in a way which entrenched the broken incentives of the status quo. They have demonstrated foresight but offered negligible efforts to making things better for society at large.
Give them sats and circuses and they will never revolt….
“The partnership with Bitrefill, Wallet of Satoshi and IBEX will allow fans to “Steal Sats” by scanning a QR code displayed on the game stream or on the team's social media channels when a player makes an impressive play. Fans will receive their reward instantly after scanning the code with a Lightning-enabled wallet, introducing a novel fan interaction system that brings further excitement to thrilling moments in games.”
“…it's our job as Bitcoiners to get ready. And that's not just stacking sats, though that's certainly necessary, but in building the infrastructure to handle the massive wave of demand that's coming.”
I saw a Reuters article mentioning that the price of Bitcoin had fallen substantially. I don’t trust ‘mainstream media’ so I thought I’d take a look for myself.