They can't stop stealing because the entire system would collapse (insolvency) which would be horrific and everyone would beg for more printing.
People can start moving to the alternative system (Bitcoin) one by one just like when Titanic sinked. It's still going to be very chaotic, but there is no way to save the current system.
I don't know if he think understands it or not, but the only way AI and robots could "eliminate poverty" and "make everyone wealthy" is in a money that can't be cheated like Bitcoin becasue all that productivity flows to you in a form of lower rices like @Jeff Booth explains.
In the fiat money system it's the opposite, all those gains will be taken away from you making you a modern day slave.
I don't know if he think understands it or not, but the only way AI and robots could "eliminate poverty" and "make everyone wealthy" is in a money that can't be cheated like Bitcoin becasue all that productivity flows to you in a form of lower rices like nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgdwaehxw309ahx7uewd3hkcqpqs05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sgew2ua explains.
In the fiat money system it's the opposite, all those gains will be taken away from you making you a modern day slave.
Would love to know this as well
https://blossom.primal.net/5af3fdb8c937a282fcbb7001dbc8f990b3554016ea97522315f3395cbca1abb6.mp4 Moving our music to a truly decentralized network
Just completed a run with Runstr! 🏃♂️💨
⏱️ Duration: 30:23
📏 Distance: 5.50 km
⚡ Pace: 5.52 min/km
🔥 Calories: 330 kcal
🏔️ Elevation Gain: 156 m
📉 Elevation Loss: 158 m
Another run roday wiith Runstr
#Runstr #Running
What's the most important thing you doing for the Bitcoin space? What's at the core that makes it valuable for others. Please let me know, I want to learn ⚡
Never sell your Bitcoin is a luxury for extremely wealthy - nostr:nprofile1qqsz4ga44fme3gpwqreu8wkf830zwsvcl8el0ng8ktwpvp90e58pv8cpp3mhxue69uhkyunz9e5k7qg4waehxw309ajkgetw9ehx7um5wghxcctwvsu2h5pc
Thank you Jeff, learning something everyday ⚡
Hello nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqgzn9kpsmllqnsf7wh5tz3wgy4cclsftqqplv8tpayrhwgw8llunevgnmdf3 and nostr:nprofile1qyfhwue69uhkcmmrv9kxsmmnwsargwpk8yq3gamnwvaz7tmpv4nkjueww468smewdahx2qpqs05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sgjmwnq you convinced me of spending more time on Nostr ⚡
I'm having a hard time getting used to posting here on Nostr, so here's a meme with Ron Paul I found
🚀 NEW: LNFly – a platform where anyone can build apps with #bitcoin, no coding required.
We need more use cases for bitcoin payments? Absolutely!
At Alby anybody can become a bitcoin app developer using LNFLY
https://blog.getalby.com/democratizing-bitcoin-app-development/
What can you do with LNFly?
💡 Earn sats for your app ideas
⚡ Rapidly prototype payment concepts
🧠 Learn (or teach) bitcoin payments, hands-on
🛠️ Solve real problems with real payments
Got a wild idea? Build it.
LNFly is packed with tools to power your apps:
🔌https://bitcoin-connect.com/ instantly pop up a payment modal
⚙️ Lightning Tools (https://github.com/getAlby/js-lightning-tools) – send/check lightning payments
🔄 nostr:npub19hg5pj5qmd3teumh6ld7drfz49d65sw3n3d5jud8sgz27avkq5dqm7yv9p – send, receive, and track payments seamlessly
Build any app you can imagine-without writing a single line of code.
LNFly is part of Alby Labs, our playground focused on prototyping.
Be gentle, but TRY it and help us build more apps with #bitcoin
Will it be available on Android?
Just completed a run with Runstr! 🏃♂️💨
⏱️ Duration: 03:25:09
📏 Distance: 3.27 km
⚡ Pace: 62.69 min/km
🔥 Calories: 196 kcal
🏔️ Elevation Gain: 24 m
📉 Elevation Loss: 31 m
Testing Runstr app⚡
#Runstr #Running
How can I use Alby as a key store?
I appreciate your response Jeff.
All the best ⚡
I guess it's also a problem of viewing the Bitcoin system through the lens of the broken system nostr:nprofile1qyfhwue69uhkcmmrv9kxsmmnwsargwpk8yq3gamnwvaz7tmpv4nkjueww468smewdahx2qpqs05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sgjmwnq
nostr:nprofile1qyfhwue69uhkcmmrv9kxsmmnwsargwpk8yq3gamnwvaz7tmpv4nkjueww468smewdahx2qpqs05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sgjmwnq I'm curious to hear your thoughts on this. It seems to me that Hubertus Hofkirchner misunderstands Bitcoin's infinite divisibility and overcomplicates the concept of deflation.
Your point—that when an economist sounds overly complex, there's probably something off—resonates with me.
I recommend watch Jeff's latest 3h podcast with Breedlove. He goes more in-depth on this topic. Should be helpful.
Thank you both for another great part of the Booth Gammon series!