If you want to empower people not w empty rights but with actual material freedoms, give them control over their money.
#Bitcoin
#Bitcoin fixes that
The relevant comparison is not between satoshis or dollars or pesos but among different satoshis or dollars or pesos in space and time (in the US, the Philippines, the Antarctic AND yesterday, today, and tomorrow).
Satoshis are all the same, identical in value, permanent, and unchanging across space and time, protected by energy and math. The test is internal consistency or system integrity.
Now apply this test to fiat moneys and see how they have fluctuated and depreciated across space and time.
You still think #Bitcoin is volatile?
Getting paid in fiat gives you satisfaction your work has value. Getting paid in #Bitcoin isn’t just recognition of your proof-of-work: it’s electrifying!
#Bitcoin changes politics at a fundamental, foundational level. It allows people to engage in politics without partisanship, without needing to choose one politician over another. It makes the politics of principle a real platform for conversation rather than just an empty platitude.
Mainstream economics exists to justify the fiat system—its inflationary model and manipulation of interest rates. If economists don’t change, they will soon become casualties of the disruption #Bitcoin will bring.
I teach a class on Money & State (Evolution of Money). Every session, students seem to realize how upside down the world really is under a fiat system.
Soon, they will realize that #Bitcoin is intangible but real, and that fiat is tangible but fictitious.
#Bitcoin allows people to engage in politics without personalities. This is why the most appropriate adoption model is from the ground up—from individuals to families to communities. Then the rigid structure of local and national governments will simply follow.
every fight that needs to be fought or any debate that needs to be had—whether you’re from the left or center or right or whatever shade of the spectrum you think you’re in—will invariably have an aspect of “money” in it.
#Bitcoin enters every conversation.
After the launch of my book on Bitcoin, I’ll also launch a blog: Notes & Other Stuff on Bitcoin
Essay No.1: Why Bitcoin Will Change Universities
In the future, people will see #Bitcoin not as digital gold, or gold 2.0, or digital money, or an investment but simply as money. It will just be “the thing” they use to pay for goods/services and save in. In the future, there will be no need to explain what Bitcoin is.
The gap between the here and now and that future depends on plebs doing the missionary work of building the social network necessary to reach critical mass adoption.
thanks for letting me ride the lightning!
Moving to a world where Bitcoin is the global reserve asset and humanity’s cash is hard, for sure. It’s nothing less than changing the tires and rails of a moving train. But that train is heading off a cliff and all of us are in it. We either survive a catastrophe or avoid it.
This is why we need to educate for mass adoption as Bitcoin simultaneously scales and develops through Lightning and other uses.
This is the way.
now i know what obi wan and anakin felt like as they drove the speeder on power couplings at coruscant while chasing an assassin.
they were being zapped!
every end of an era produces real conversations about first principles.
Layer 1 Conversations.
imagine a coffee shop at the lobby of a law school that only accepts #Bitcoin. imagine buying coffee priced in satoshis, not fiat.
there’s an inverse relationship between your understanding of #Bitcoin and your attention to its fiat price. the deeper your understanding, the less you view the world in fiat terms.
in a world where Bitcoin is the only money there is, it will have no price.
few.