Avatar
Eric FJ 🪬⚡️
7999814161743f2279006ab10cfd83bd33adff23c85e5d9d0949fdd60f8f1901
De-commerce evangelist. Let’s build the Bitcoin circular economy together. Running nostr:npub1nkfqwlz7xkhhdaa3ekz88qqqk7a0ks7jpv9zdsv0u206swxjw9rq0g2svu Check out our alpha release: https://alpha.conduit.market/ ⚡️🪬💜 Nostr only 💜🪬⚡️

Luckily we currently have the built-in “feature” of price inelasticity that will prevent Blackrock et al from gathering too much supply without exploding the price. I see it like an immune function for BTC the asset. ETF issuers also have contractual obligations that somewhat prevent them from acting out.

Is the network itself (ie miners and nodes) at risk? Doubtful.

FWIW I’ve got more hope in the common sense of the community… and even Blackrock itself… a fork like that would destroy the value of the asset and therefore the associated fees. The only people left would be NGU folks / basically those interested in selling for profit in some other currency. In essence a disastrous rush for the exits for all remaining involved.

Conduit.coffee coming soon for the community 💪🏼🙏🏼 nostr:note18lly972xdv7nkk98m9q072scz3k7tcx3qu29zsdpzx2auqgdgy4q4sles5

Can’t believe I waited this long to read this amazing, instant classic #bitcoin piece by nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc (thank you for writing this):

https://dergigi.com/2022/10/02/bitcoin-is-digital-scarcity/

Thought experiment: what would have happened if we somehow were forced to be on a true, easily settled and sovereign hard money standard like #bitcoin after WW2? (Imagine #bitcoin somehow existed, never mind that whole internet thing)

Where would our productivity gains and wealth gone instead of where it did go? Would we have been richer? Would there have been more actual peace? Would we be less divided?

The story is that the US was a stabilizing force on the world. I believe that- and it’s not my intent to debate it. The point of the thought experiment is to play out the known innovation and wealth creation that DID happen but under a different monetary background.

(Don’t go all Taleb on me either- I know this is impossible to play out realistically… this is for the imagination)

WTF is going on?? 😂😂

#bitcoin

Can’t remember now but it looks like you can get it on Amazon