Paul thinks he is a tech enthusiast, but he is actually a flavor of retarded wordcel and spiritually a fiat maxi. Don't be like Paul.
You think you are saying something, but this non-specific gibberish you are babbling is actually less tethered to reality than when fiat people talk about economics
If it were 100% the value of the world would be 0% and therefore bitcoin would be 0 as well (because literally everything would be 0) and all life in that moment would cease, as you could not even buy a single laptop to keep bitcoin running. It is not well communicated in the original tweet, but this is similar to the question of, on btc standard, what is the value of bitcoin you hold vs (obviously bitcoin denominated value since there is nothing else) the value of everything else you own (equities, physical property). Just savings vs investment rate.
nostr:note1qkcwfucv54036w2uv3kchdf4tzupfexns25dmnsu9j7x7lej6neqdxezg5I find the more intuitive way to think about this question is in terms of GDP rather than total market cap. Total market cap actually is meaningless because it shifts based on velocity and amount that the world moves in or out of money.
So with GDP, you say $100 trillion/yr today, mapped to how many bitcoin flowing through the global economy? If it is 1 million bitcoin GDP, that gets you to $100m/coin.
Then you can ask, what would make the bitcoin GDP supply expand or contract? Let's do a hypothetical: someone generates a new sort of nuclear reactor and there is widespread confidence that Earth will see a 10x in growth in a decade, maybe that year you see 3 million bitcoin. Usually it will be pretty stable.
Why else would you think this way? It is far more intuitive to someone who has not taken the orangepill and it makes it intuitive why you actually have infinite EFFECTIVE elasticity because your EFFECTIVE monetary supply is that 1 million bitcoin/yr. The ultimate weapon to destroy Keynesian nonsense. This also wholly debunks the deranged view that you "need" monetary credit for an economy to function.
Bah, being bullish on bitcoin is easy
It is the stupendous growth that will occur on a bitcoin standard few are bullish enough on, for the pain of accepting the great losses and suffering of fiat today are simply too much for most bitcoiners to bear
When we are above $200k for over 2 months, would it make sense for me to look into putting together a VC fund for advanced aerospace & energy hardware? 🤔
At what price do bitcoiners start gaining an interest in investing in reshaping the world directly rather than indirectly?
Definitely, the waiting around part and not being able to do anything active is the worst, and healing time can only be accelerated so much.
Yep! I was able to start biking 6 months after surgery and the first few months were tough, but around month 4 fully regained confidence.
I'm about 17 months post surgery and still feels a little bit off at times, but nothing it prevents me from doing e.g. went on a 6 hour mountain bike ride last fall without any issues. Idk if I would run into issues doing long distance backpacking.
I hit 65 in a set today... I don't think I'm gonna be able to keep up with the price this week 😬
In case you guys aren't aware, A16Z is aggressively trying to meme its way into defense and industrial technology. As usual, they are doing affinity scam approach, but this sort of scam is more durable, and encroaches on people doing real things. Those who know me, know I got into bitcoin because of the gross incompetence of VCs while I built a technology so valuable, it was actually an IQ test that was universally failed outside the DoD and industry -- yes, the VCs are actually more commie than the government!
So many bitcoiners are still coping and refusing to recognize how fucked up an inefficient the fake capitalism is. Even within bitcoin, most find the truth too painful to bear and simply ignore or dismiss it. A16Z has 7 people for "American Dynamism". ZERO technical people. Marc Andreessen is mocking founders and selecting for those willing to submit to his disgusting humiliation ritual.
Today may not be the day, but there will come a day when you inherit the Earth. There will be a day when the valor stolen from real engineers is returned to its rightful owners through the free flow of market forces. This so much more exciting than a rise in personal consumption power could ever be, at least for those who ever felt an urge to build something of substance. There is a great cost to shaping civilization too soon... but there is another sort of cost that comes with facile optimization of simply "dying with the most bitcoin". If I can consider this balance with orders of magnitude less bitcoin than you, you can too.
Talking about sats flow is gay
Will not explain, probably already have
Leave your stupid VC memes as alpha to fiat-land, like A16Z "American Dynamism" BS
There is a 1 day health summit in El Salvador in a couple weeks on March 16. Dr. Jack Kruse, myself, and others will be speaking. Lots of exciting stuff underway in El Salvador around health.
Hope to see you there nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m!
nostr:note17fqld6492ftx0kttwy8cugdag47e4kpl6a9v9p70eu54astdqkcqwfnuk2For someone who professes to believe in all the rapid changes the world is about to undergo... he really fails to understand the risk of fucking over the guy that will become the wrong guy to have fucked with in the great transition. People won't forget
Bitcoiners are usually early to things. I hear bitcoiners are finally starten to wisen up to the importance of sunlight and red light therapy. Make sure to buy the things you can from other bitcoiners -- don't give WallStreet a bit of liquidity more than you have to! https://based.getchroma.co/product/ironforge-the-compact-deep-red-nir-powerhouse-backordered-expected-to-ship-january/
I fully tore my Achilles falling off the edge of a gnarly mountain bike trail a year and a half ago. You're gonna wanna disrespect seed oils, grab one of these, and consider moving to El Salvador for your recovery.
Chances of what? I'm primarily looking to connect with people interested in deploying coins toward the fixing of things.
My brother is an aerospace engineer. How well do the skills and knowledge transfer over into mining?
Have him reach out to @ BTC_Bernoulli on Twitter or Clubhouse. He went from mechanical/fluids in aerospace to mining. Aerospace is pretty broad. Lots of engineering work when looking at large facility scale optimization.
Are any of my followers here into mining? May have an interesting opportunity due to my background in aerospace & materials with an interesting gen technology that no one else has.
Yeah, all the "American Dynamism" and e/acc LARPing from the peak shitcoin VC firm
Seeing disgusting content on Twitter from charlatans really shows just how important Nostr is. A lot of info will get wiped and Dark City'd. People will play into false narratives and affinity scam since there will be no chain of costly signaling. I wrote before about the idea of relational contracting on Nostr within very narrowly defined sorts of business relationships, and even there, I couldn't fully grapple with the mechanics of how it would work. What will be more interesting however is to see cryptographic proof of what a pubkey has been thinking or at least claiming to think for a decade. Nostr may end up being just as critical to rooting out fraud in the world as bitcoin.
Imagine a world in which no one alive has ever posted anything not on Nostr. The people who think Nostr has fallen off in importance are fools who do not realize monetary transactions take place via contracts, that contract scalability is tied to relationships, and failure to have tools that sufficiently scale relationships to capture the total economic capacity in equilibrium is how the state weasels its way into existence i.e. Nostr is what outcompetes and supplants statism.
nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m will you be making it out to the Age of Light event in a couple months? Seems I may have the opportunity to speak there.
VIVA LA LIBERTAD CARAJO!!!
I installed new Zeus Lightning app. Combines power user features with ease of use. Among other things, they have cracked the usable contact book payment UI/UX, and they also make it simple to generate an LNURL. Any zaps sent to me will now go to my self-custodial Zeus wallet. ⚡
What are some bitcoin or nostr non-profits worth donating sats to?
English motherfucker, do you speak it? No one knows your hick intellectual-yet-idiot lingo.
Lol, and you think I'm off the mark. This has been the bio all day.
Over the years I have had my share of commentators opining on what I should or shouldn't do with my businesses/technologies, and I am richer for not listening to them.
Capitalism is not immoral. Do not bring pastoralism or luddism to my feed. Capitalist enterprise is the only sustainable way to transform the nature of the world. I wish it were obvious. I wish I had no alpha, for it would already be done.
Or maybe have some situational awareness of the world, realize not everything is about you, and that you are a mimetic LARPer as you shared an image pushing various unhealthy high linoleic acid fats. Heuristics are great, for you. Here's another one for you, Chesterton's Fence. Now get out of here.
Do you also hate toxic seed oils?
Tell people about bitcoin, and they might buy some. Tell people about this, and I might be able to restore human health in the world. We'll see.