Nostr Web Client

Judging by the engagement on nostr you wouldn’t know we’re in the midst of a serious global financial crisis. It’s refreshing and calming. Like being in a tropical oasis.

Replying to

fiatjaf

Why does everybody assume BTC/USD = 1M means hyperinflation? It is really a reasonable price for the current dollar value.

Mikey 2y ago

Are we pricing things in Bitcoin by that point

Replying to

Samson Mow

I’ve decided to sell some #Bitcoin

when we reach dollar sat parity.

Mikey 2y ago

I was about to say I just bought your Bitcoin…. until I got to the punch line.

Replying to

Mike Brock

One of the reasons I have doubts that hyperbitcoinization will ever happen, and bitcoin will instead become like a super-gold, is because I don't agree that people are going to ever en masse come to reject the welfare state. In most of these arguments, there's this libertarian/anarcho-capitalist assumption that people are going to "wake up" and realize that taxation is theft, the welfare state is authoritarian, and they're going to embrace a world of radical self-sufficiency and market maximalism. I don't see the political incentives ever aligning in that direction. I also disagree that such a future is mechanically inevitable, as many people claim.

Mikey 2y ago

Adopters of a Bitcoin standard will coalesce into a new self sustained society. It is inevitable because there is literally no better alternative once the fiat standard goes away. Money is our life energy. It must be preserved and Bitcoin is the solution tool for this. Gold is too analog for our digital world. It can’t work. So what’s the alternative?

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