It’s a Trojan horse. No one (including institutions and States) can own bitcoin in perpetuity without adding value. Gonna fundamentally transform them once they do start stacking.
I don’t disagree. But we have this window where the recently elected leaders of the state can align themselves with freedom and sovereignty by embracing bitcoin and the result will weaken the influence of a more antagonistic state in the future.
We have an opportunity to enact real change within the institutions as they exist. I’d like to make the most of this opening.
Everything bitcoiners want to happen within the Trump administration, needs to happen in the first 2 years.
This is the moment where “the state” can help bitcoin and align itself with freedom tech and culture.
If it doesn’t happen within Trump’s 2-year mandate, we’re gonna be fighting the state for years to come.
That’d be another signal the Bidens were pissed at the Dems for pushing Sleepy Joe out.
The smoother this transition, the angrier the Bidens are.
“Isn’t it going to be awesome when Trump pumps my bitcoin bags!?”
How much longer…?
If you were a peasant who swept floors, you weren’t getting paid in gold.
Gold wasn’t accessible to most people. Its properties were not conducive to democratized money.
Bitcoin fixes that.
#Bounty Alert:
100K sats for a great Coffee Shop name that is bitcoin/nostr related.
Name must still make sense to non-bitcoiners and non-nostr users. don't go super heavy, a play on words probably makes most sense.
Name must be catchy, clear, easy to say, 2 to 3 syllables max.
Think something clever like nostr:npub1key55ax33gkl50uqemvl4khrtqrhzm7wzpc7fhseutt5ddkcwcrqgxlt3h but since they have the best name ever. We are on the hunt for the next best name.
This is not a programming bounty. there are no criteria to be met here lol, but I will honor the bounty if I pick your name suggestion. Also it will become the name of the Cafe!
#CoffeeChain has been considered, but it is being used as a name for a shitcoin. so probably i'll have to skip, unless you think it doesn't matter.
#BittyBeans
That’s without the institutions. Once they show up, there will be a serious step change.
Barring catastrophe, I’d expect a return to ~5-10% YoY … not the 20+% we had during covid.
New to Nostr, nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx brought me here, any tips for new users? #asknostr
Fewer relays 👍🏼👍🏼
Re: timing of medium of exchange theory … bitcoin will become used for medium of exchange once the risk free rate of fiat is aligned with the annual appreciation rate of bitcoin.
Fiat can dramatically raise interest rates or hyperbitcoinization occurs. Between now and then, folks are just going to hodl.
The replacement theory is only good if the customer / merchant experience is good enough to justify. Population density and the types goods & services matter. That’s harder to achieve critical mass.
cc: nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy nostr:npub1w69ya7xs697hk3hky3gllryz8rwverfa0ylz89chf9qnhfcskc2s64zltw
How long did it take to phase out coal steam *warships* once oil was discovered?
How long did it take to phase out coal steam ships once oil was discovered?
Bitcoin existence doesn’t require the end of fiat credit. It just makes the current paradigm prohibitively expensive by setting the risk free rate at 50%+ …
Fiat can coexist with bitcoin. To be competitive during the foreseeable future, 5-year US treasuries should be priced ~50% yield.
Remember the euphoria.