This is going to lead to some serious cognitive dissonance for fiat/crypto brains.

Thanks nostr:npub1dnzzyhmewrzkh862z7z2shwmhh5htx0rvkagepj2fkgst9ptwg3qj4x52h for the breakdown. nostr:note1w3l33kv5ytp9hp85pk7jwccukx4v44d3t8hdcdx7s2tyaprmq5yqs0zsjv

Human action is what is centralizing. Most people pricing bitcoin from a piece of paper - to get rich. That will centralize further because it is how people see the world. (Trust institutions, think prices naturally go up over time).

To prevent that outcome requires enough people who contribute their time in education, running nodes, economic nodes, spending in bitcoin, building additional layers, building companies that create value which “when” the attack comes (which it most certainly will) - there is enough knowledge, decentralization, power, privacy, etc to withstand that attack. (Or make the risk of that attack so great from the centralizing chain - that it is not worth it)

That is what is being built and those on Nostr are already a part of that future.

Giving in to a system of control only makes it stronger.

We are the change.

I understand concern but there must be trade offs to scale to 8 billion people and to create privacy to make attacks harder. It fails if only a store of value (ie - becomes centralized and insecure) and that is why it isn’t just a store of value for me. (And many others). It is a currency and I put my time and energy into making it s

🎯 + that we are each a part of that change - like ripples across time and space. Ie - without our actions that arise because of the change in us (once we see, we can’t unsee) there is no change. We are both the map and territory.

The first global free market that has ever existed. Prices falling forever through the competitive and cooperative nature of that as long as #bitcoin remains decentralized and secure. Governments and monopolies MUST lose the control over you b/c it doesn’t care if they want to debase their currencies against it.

The open, decentralized, and secure nature of the protocol is just the first layer.

Layers built on top like Nostr lightning, Cashu, Fedimint extend its functionality/privacy while preserving the critical trade offs in the base layer to keep it decentralized and secure.

The system change the world

Is going through must be chaotic because the true change is within each one of us.

#bitcoin

Reminded of this every day.

🧡💜🙏

Was fantastic!

Love you brother and thanks for the comments on your recent podcast!

Speaking in probabilities versus guarantees but I think the highest probability is a chaotic and long transition (especially for those living in fiat) that continues to test the decentralized and secure nature of Bitcoin through our actions. In other words - how many people care?

Here is one very probable scenario that you can see playing out right now (and could see coming from a mile away if you think in first principles and understand human nature)

Most people are pricing bitcoin through US dollar - which ensures centralization of bitcoin and people taking more risk (ETF, microstrategy, etc, etc)

As that system (still inflationary) prices Bitcoin FAR higher in fiat terms, it also underpins a global control structure that is “more” solvent because of Bitcoins dramatic rise in price. (Strategic reserve)

Imperialism 3.0. 1. Gold/USD 2. Petro dollar/ USD 3. Bitcoin/USD

Again, this is all centralizing and many Bitcoin holders today will sell into this and reinforce it because it will seem more convenient and they will “get rich” (Similar to how most people still using Twitter today)

Eventually that system MUST attack Bitcoin and the nodes, economic nodes, decentralized nature of Bitcoin mining pools, communication that can’t be shut down like Cashu, Fedi, Nostr etc will decide its outcome.

If I were the centralizing system, I would not engage in that attack until I thought I could win (ie - not for a long time - but that would also allow Bitcoin to gain more utility as medium of exchange,

Protocol layers listed above, etc)

But, this attack should not be underestimated because it aligns with human nature in thinking short term.

If we prevail, which I think is probable ….(only because I know how deep this thought process goes in this community) then that becomes true hyperbitcoinization as the alternate chain fails and with it the exploitative control structure (including everyone who trusted counterparties)

Or to simplify - we decide what world we’re going to live in and as long as enough people choose truth, hope and abundance - “we” win.

Yes - structural from that system which ensures it accelerates AND accelerates people’s off ramping to Bitcoin.

The ONLY thing you would need to be concerned about in regards to #bitcoin repricing the entire world, imposing a global free market — leading to truth, hope, and abundance is that it remained decentralized and secure.

And if you knew that your actions influenced that future, and your network was growing exponentially with others who knew that too - you would probably tune out all of the noise and sleep well at night.

And yes - many of those “psychopaths” protecting the network are already here on #nostr

What a time to be alive!

Control system or free market - UK is choosing the former.

Good thing that there is an open,

Decentralized and secure global free market that they’re not negotiating with.

That is the only part of the interview where Satya hasn’t connected the dots. Global gdp growth can only be 10% with massive printing.

The productivity growth he is referring to = faster deflation. (Negative GDP)

I actually believe it’s far more about curiosity and an ability to admit where you were once wrong than smarts. There is an extremely large audience of “smart” people making models and doing mental gymnastics to reinforce their “beliefs” about the world they live in while bitcoin is imposing new reality on their beliefs.

In moments, yes - to hold at all times….something I continue to work on.

If I knew that #bitcoin was the only honest ledger but chose to spend most of my time trying to accumulate wealth on dishonest ones, it wouldn’t say anything about #bitcoin

I realize that most people still don’t know.

I won’t be in Denver tomorrow.

LOVE that you’re spending more time here my friend.

New podcast explaining why imo most people are falling into a trap by pricing #Bitcoin in USD.

For Bitcoin to maintain its store of value, it must also become a medium of exchange.

https://youtu.be/Cb8Jimd__hE?feature=shared