I really like the analogy of how people thought the universe revolved around the earth. Even when the myth was debunked by Copernicus and later Galileo, few accepted the heliocentric model.
Bitcoiners are at the forefront of a revolution of consciousness. Debunking myths about money and value that have haunted and enslaved humanity for so long. 💫
Buy bitcoin. Defund the state. 💫 🕊️
In times of doubt, retreat and refocus. 💫
I started this morning, like most, with a meditation and breathing exercise session.
I try to remind myself every morning why I am here and connect to the cosmos by connecting to my inner voice. Today it is humility that I needed to be reminded of...
Thank you souls for inspiring us on Nostr by sharing your thoughts and journeys.
As an actual store of value, Bitcoin will absorb the monetary premium that #realestate has accumulated under decades of an inflationary monetary regime and deflation will cause prices to drop over time.
Under a Bitcoin standard, #housing will become affordable, as it should be. nostr:note1dg2z67zzzywsle9s09dck0ucsymtt7fe5chmw2kasc4wrgm5rv5qvxlkyk
Germany has put a cap on rents, which have risen enormously due to inflation. This is a mistake. A price ceiling creates a shortage of the good in question, because it’s production becomes unprofitable.
Since the reason for the rent control is to make it easier to find housing, the removal of apartments from the market is not a sensible nor effective policy.
#Bitcoin fixes this.
Bitcoin radically changes the housing market for the better.
Isn’t that connected though? Especially the interest rates, which would be higher on a hard money (Bitcoin) standard and would thus allow for pure market price signals and sensible lending.
As accessible collateral, bitcoin will create a financial system where owning collateral and using it for credit will be far more accessible than it is today. This enables greater productivity and efficiency in the global economy. The improved lending systems in the West over the past centuries enabled economic actors to discover and realise the potential of their economic activity and generate additional productivity. Fiat money has distorted this system. Bitcoin will restore it and expand it around the world.
nostr:npub1p54q74kgnlfkfwyhy0l7wcgz89qppj3luj9cqncdlphzem6qmagszw8llg we definitely need to get more Nipsey content on Nostr. 🙏👊 #TMC
Under a Bitcoin standard, the cost of #housing in an exchange is the highest utility a person could have derived from the amount of money they gave up, to have a roof over their heads and not have to live or sleep on the street. The subjective value that individuals place on housing varies.
For some, it is very important to have a nest for their family or a place where they can come to rest. Others are desperate to have a house by the lake and are therefore willing to pay a premium. As you mentioned. But overall, houses would be cheaper because the share of financialization would be much lower and they would become cheaper over time due to deflation.
By functioning as an actual store of value, bitcoin will absorb the monetary premium that real estate has accumulated over the past decades due to the broken monetary system. In addition, housing will become cheaper over time due to deflation. Under a Bitcoin standard, housing will eventually collapse to its utility value, as it should.
I kindly disagree. Nothing can change #Bitcoin’s nature, especially not Wall Street. They will be humbled by Bitcoin.
#NipsyHussle was talking about #Bitcoin in 2015.
His interviews, music and statements carried me through my own Bitcoin journey.
#RIP TMC
Shabbat shalom everyone.
