It removes the ability for a dictatorship to thrive over the longer term because it transfers away the power of the state to its people.
I’ve talked with Brock often and consider him a friend (even though we disagree).
I’ve across some guy who provides an eloquent way of phrasing a solution to this fiat minded problem, “stay humble and stack sats” nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
😂 I too - have come across that eloquent guy and agree with him!
When you’re pricing #Bitcoin in a fiat contract that is being debased (slowly or quickly) you are thinking as a trader.
Ie - I’m going to trade my #Bitcoin (at some price) for a money that must be devalued further (at some point)
While you may win a short term on the “trade”, the truth is that #Bitcoin is repricing everything. (Just some things are holding their value better than others)
And picking up pennies in front of a steamroller is a pretty risky strategy in my humble opinion!!!
https://youtu.be/M89AAmoOtPM?si=THqHZV9DXKLrOOdS
Ben Goertzel one of the leading minds in AI constantly uses the term decentralized with blockchain itself. He wants to combine AI and blockchain thinking it’s decentralized as well as having AI on the Ethereum blockchain. I wish someone in the circle of engineers would talk to him about whether this is possible or not. Maybe I’m wrong on this and a way to decentralize AI on a blockchain is possible. If so educate me. Lately I feel like people in the bitcoin space really need to pay attention to AI, bitcoin and AI feel like two perfect storm events.
nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe nostr:npub1wqlzdd8chs862luemq2ahd6mppsp9txzflz400h6xy844gydrzvq08rnrp nostr:npub10vlhsqm4qar0g42p8g3plqyktmktd8hnprew45w638xzezgja95qapsp42 nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m nostr:npub1n40lpgkc2gzvgr22cfamy6ymax225xe0707gfugle9rukx50k3lqvl25h6
I know Ben well and he used to do some
work for me. He raised a bunch of money in the ICO craze.
He is a good and smart guy but painfully mistaken on blockchain versus Bitcoin. Probably due to incentives of trying to make his business work.
Prices fall to the marginal cost of production in a free market!
What is the “cost” of a line of code created by other lines of code?
As this moves into more industries, what is the cost of an AGI that can do any job better than people?
The only reason prices go up
Is they are manipulated to do so through an unlimited ledger. (We don’t live in a free market)
Bitcoin provides a limitation (21 million) to this ledger and therefore when measured in it….prices fall along with productivity gains.
Interesting report/investigation on the progress of AGI. (Artificial General Intelligence)
The exponential changes are coming faster than most people can possibly get their heads around.
If you’re measuring your life in #Bitcoin, the abundance gained from technology like this flows to you in the form of lower prices.
If you’re not measuring in Bitcoin, you will be increasingly confused by a control structure, communication, and regulation designed to steal this abundance from you.
https://docs.google.com/document/d/1K--sU97pa54xFfKggTABU9Kh9ZFAUhNxg9sUK9gN3Rk/mobilebasic
😂 - correct to it not helping pay the debt burden.
The unlimited velocity of it removes an anchor to existing system and ensures far less debt for a productive economy.
Yes - measured in Bitcoin….and not a light switch. A transition where each year they get more for less on a scale that continues into the future.
nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe I read The Price of Tomorrow and really enjoyed it! Although there were some questions I had that weren't addressed in the book. (Also I'm on nostr by your recommendation!)
In an abundanct future, what do you imagine the labor market will look like? With technology cutting people out of the work force how will those people make money? Won't people who work less fall behind in developing their skills in competitive industries?
I'd love to hear anyone else's opinions as well!
I think the labour market will shrink as people and the fall in price of things will allow it to shrink without them turning to ever bigger government to “save” them.
The free market will always create value for those who find ways to make other lives better.
Can someone help me? what does George gammon mean at 48:27 when he mummbles "or velocity" for trying to pay back the debt burdon? nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe
Years ago, I said that velocity of money can be almost unlimited on a Bitcoin standard. He was probably referring to that.
The human mind is “amazing”
Imagine watching what happens to other nations and their people as their currencies lose value…..yet failing to connect the dots to the consequences of it in your own country.
Just “imagine”
#Bitcoin
#Nostr.
🙏 - If only I could finish my sentances before starting my next thought. 😀
Hey nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe have you had a chance to read Major Lowery’s Softwar thesis? I thought I got a slight sense of that during your recent conversation with George Gammon but unsure.
Totally agree with you by the way and I think Mr. Gammon is simply having a difficult time reckoning with the complex emergent behavior of the Bitcoin protocol and the sociotechnical implications the cultural adoption of this protocol is going to have on sapiens.
Yes, I have read it.
Yup - and also why it’s so important to tune out the noise and focus on all of the beautiful people building to our future. Many of them here on #Nostr already.
Honest, immutable systems reward honesty.
#Bitcoin.
