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Artur…qywr
762a3c15c6fa90911bf13d50fc3a29f1663dc1f04b4397a89eef604f622ecd60
Bitcoin, not crypto. Timechain, not blockchain. Humanity’s quest is to master energy.
Replying to Avatar andre21

🤣🤣🤣🤣

Great orange-pill video to share with curious family members, friends, and coworkers. nostr:note1jhv2fa04zxgzq9jdc42krrqwnwrtm38lu0jae0neyylhm6pfdjkqcne6nt

It’s not a zero-sum game because everyone will have to spend Bitcoin to acquire products and services in the future for the same reason we use dollars today instead of seashells.

Thirty years from now, under a Bitcoin standard, a young person starting with absolutely nothing will be better off, regardless if governments and institutions choose to accumulate.

Over time, as Bitcoin grows, everyone benefits because people will simply demand to earn Bitcoin directly rather than buying it as an investment.

Store of value - In the first stage, Bitcoin acts as a store of value, though it comes with high risks and volatility. Some use the fiat debt systems to get through this stage, it’s like fire. Some succeed; others get burned. For those living paycheck to paycheck, this stage can be extremely difficult unless they have the foresight, wisdom, discipline, and conviction, which is often not the case. It’s concerning, but not everyone can be saved. The rocket can’t wait for everyone; it must reach the second stage. Regardless, the future will be brighter for everyone.

Medium of exchange - At the second stage, Bitcoin will become a common medium of exchange. It’s already used by many but is far from mainstream. The majority will adopt it as a medium of exchange when its market cap is many times larger, reducing volatility and risk for those who live paycheck to paycheck.

Unit of account - At this point, Bitcoin automatically becomes the global unit of account. On a Bitcoin Standard, there is no inflation. Instead, prices continuously fall to its marginal cost of production. This something Jeff Booth explains very well. This is all happening right now, but it’s hard to see because we all tend to look at the word through the lens of fiat.

Too bad John Haar is not more active on Nostr.

A store of value, medium of exchange, and unit of account, all in one… globally. 🤯

When I see a meme on Nostr, I often wonder whether it originated here or was imported from the matrix 😆