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Austin
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Bitcoin

GM Nostr.

I have an idea to help accelerate Bitcoin adoption. It’s so simple, but I think it could be really effective if enough people started doing it. So, here is the idea and hopefully we can start a movement together.

Any time you go to pay for something, ask if they accept Bitcoin. I get it, it doesn’t even really sound like a new idea, much less a good one, but play it out. You’re in the drive thru at McDonalds and as you’re reaching for your card to pay, you just ask, “do y’all accept Bitcoin?” as if it’s the payment method you would prefer. You already know they don’t in this case, that’s not the point. All you’re doing is planting the seed in the employee’s mind. The first time they get asked, they may just say “huh?” and never think of it again. But by the second or third time they gets asked, they will inevitably start to question why, suddenly, they are getting asked this and wonder why people are wanting to pay in Bitcoin or just what Bitcoin even is. At some point, when it sparks their curiosity, they will either take the time to look into Bitcoin themselves or ask you and give you a chance to point them in the right direction.

If I’m the only one doing it maybe I’ll eventually add an individual or two to the Bitcoin network. But imagine if the entire Bitcoin community made a habit out of doing this? Any time you’re about to pay at a business, just ask if they accept Bitcoin. Obviously, the answer will usually be no and that’s okay. Thats all you have to do. Just getting the word Bitcoin in more minds will help bring on more individuals, but if this practice became commonplace enough, I think it would speed up the process of Bitcoin becoming a medium of exchange.

The way I see it, it can only help. If a business goes from nobody asking them about Bitcoin as a payment option to, all of a sudden, 10 customers asked in the last month, now they are strongly incentivized to do their due diligence and at a minimum find out why people are asking. “Why are people asking to pay with Bitcoin?” “What is Bitcoin?” “Is Bitcoin money?” You’re steering them towards the rabbit hole. There is so much great orange-pill content on the internet, but we have to get it in front of the eyes of the ignorant or unconvinced.

I really believe this targeted grass-roots effort to accelerate Bitcoin adoption could make a huge impact if we all got on board together. Who’s with me?

nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qyt8wumn8ghj7mn0wd68ytn0deekzarn9ehhyecmf8tkx nostr:nprofile1qqsywt6ypu57lxtwj2scdwxnyrl3sry9typcstje65x7rw9a2e5nq8sprdmhxue69uhhyetvv9ujucnfw33k76twwpshy6ewvdhk6qg5waehxw309aex2mrp0yhxgctdw4eju6t04aep0q nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyvhwumn8ghj7um9dejxjapwdehhxenvv9ex2tnrdaksepv2a6 nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qy28wumn8ghj7mn0wd68ytn00p68ytnyv4mqq7jq7c nostr:nprofile1qqsxc56ajk5xtxerf4dqspgrfa0s5elrcr80lnz9nasldq87j3zzf0cpr9mhxue69uhhqatjv9mxjerp9ehx7um5wghxcctwvsq3samnwvaz7tmjv4kxz7fwwdhx7un59eek7cmfv9kqx3uqlv nostr:nprofile1qqsvfz6uem26mf6dkpud76cqlfflcyfe6ualpmgkmce9653zqggah4gpz3mhxue69uhkummnw3ezummcw3ezuer9wcq32amnwvaz7tm9v3jkutnwdaehgu3wd3skueq08x6m4 nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqprfmhxue69uhkummnw3ezummjv9hxwetsd9kxctnyv4mqz9nhwden5te0wfjkccte9ehx7um5wghxyctwvs7kf299 nostr:nprofile1qqsgydql3q4ka27d9wnlrmus4tvkrnc8ftc4h8h5fgyln54gl0a7dgspxdmhxue69uhkuamr9ec8y6tdv9kzumn9wshkz7tkdfkx26tvd4urqctvxa4ryur3wsergut9vsch5dmp8peszrthwden5te0dehhxtnvdakqtxjx6r #Bitcoin

nostr:nprofile1qqswsmclk86pud3eudu09csazdg4cl2crhx7wt56x2lmd0f9wxmzv9cprpmhxue69uhhyetvv9unytnyv4hx7um5wghxxmmdqyxhwumn8ghj7mn0wvhxcmmvlc9cph more from Cuban:

“If AI is deflationary, every stock market, globally is a short.

Do you see all stock markets cratering ?

Environmental uncertainty is increasing , no amount of AI will change the inflationary impact it has.

Global Political Instability is increasing. That's inflationary as well.

From a straight consumer perspective -

You can buy a $50 phone. Do you ? You can buy a $100 laptop. Do you ? How many AI subscriptions do you have ? In a world of millions of models, trillions of agents , how many do you think you will end up with ? The cost to create a minute of video will decline rapidly. Do you think Netflix will lower their prices ? Bandwidth prices have dropped like a rock, but now we want more, and wireless.

Technology always advances and we always find ways to want to consume more of it. It makes anything digital cheaper on a per bit or per unit basis , but we make it far easier to build and consume it, so we consume more of it. We want more of it. We pay more for it. Then we pay for the service around it that ships us the updates and enhancements. Which is inflationary.

Entrepreneurs will find a way,bwirh the help of AI, to sell us more of the more expensive new shit , even if the price of the old shit drops like a rock”

Is he necessarily disagreeing with that logic? I think he’s saying that the AI-driven products/services will be the NEW competition that forces the OLD products/services to lower prices, increase value, or lose customers as you said. But he doesn’t continue the thought experiment. EVENTUALLY some new competition will come along that enforces the same reality on these AI businesses, right? But will the competition be faced immediately and constantly? Or could there be a prolonged period of these businesses having no need to lower prices because nobody can compete with AI, which I think is what he’s implying?

Replying to Avatar Austin

nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3jamnwvaz7tmjv4kxz7t9wghxv6tpw34xze3wvdhk6j8uhqx Curious to hear your thoughts on this post made today by Mark Cuban on X:

“Disagree. Generative AI will be the greatest growth and productivity engine, ever. We will see amazing new shit that replaces the old shit, but will cost more and we will bust ass to get it.

Some will be purely digital, but it will be the good digital shit that everyone wants and will pay up to get. Others will be new products that we didn't know we wanted that we will pay up to get

Entrepreneurs will create new companies, some of which are based on ideas that AI generates, that will have to compete with other startups that competitive AI dreams up. Which will compete with companies who don't know how to compete in this new world. Their old shit will get cheaper because it's shittier

There will be millions of models that compete and trillions of agents that compete. But intellectual property will be king as people try to determine what we value in a new world.

That will lead to robots and self driving everything. Anything that needs to be physically transported ,human or otherwise will happen in a self operating device. Some will be dronesrhe size of a pill. Otherwise will be enormous that will move really big shit that AI invents

Right @elonmusk? And that shit won't be cheap

Life and companies will move to be native Ai rather than AI bolt on like we are seeing today. There will be two types of companies, Native Ai companies that are great at it and those who are on their way out of business.

Deflation happens when we get more of what we already got at a cheaper price. When everything is new , entrepreneurs will charge what the market will bear

We haven't reached the crazy stage yet because it's all changing so fast and going in an amazing direction.

If you aren't excited by what is happening in AI and playing with every tool and learning all you can about it, you need to go back to your IBM PC”

nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3jamnwvaz7tmjv4kxz7t9wghxv6tpw34xze3wvdhk6j8uhqx specifically, his opinion on deflation. The idea that because the products are brand new they will not sell at a price lower than the worse product they are replacing. Seems logical in the beginning phases, but long term at some point another company will offer the same product for less and the competition will start forcing the price to fall to marginal cost of production?

nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3jamnwvaz7tmjv4kxz7t9wghxv6tpw34xze3wvdhk6j8uhqx Curious to hear your thoughts on this post made today by Mark Cuban on X:

“Disagree. Generative AI will be the greatest growth and productivity engine, ever. We will see amazing new shit that replaces the old shit, but will cost more and we will bust ass to get it.

Some will be purely digital, but it will be the good digital shit that everyone wants and will pay up to get. Others will be new products that we didn't know we wanted that we will pay up to get

Entrepreneurs will create new companies, some of which are based on ideas that AI generates, that will have to compete with other startups that competitive AI dreams up. Which will compete with companies who don't know how to compete in this new world. Their old shit will get cheaper because it's shittier

There will be millions of models that compete and trillions of agents that compete. But intellectual property will be king as people try to determine what we value in a new world.

That will lead to robots and self driving everything. Anything that needs to be physically transported ,human or otherwise will happen in a self operating device. Some will be dronesrhe size of a pill. Otherwise will be enormous that will move really big shit that AI invents

Right @elonmusk? And that shit won't be cheap

Life and companies will move to be native Ai rather than AI bolt on like we are seeing today. There will be two types of companies, Native Ai companies that are great at it and those who are on their way out of business.

Deflation happens when we get more of what we already got at a cheaper price. When everything is new , entrepreneurs will charge what the market will bear

We haven't reached the crazy stage yet because it's all changing so fast and going in an amazing direction.

If you aren't excited by what is happening in AI and playing with every tool and learning all you can about it, you need to go back to your IBM PC”

Replying to Avatar Jeff Booth

Thought I would use Elon’s own AI to check something I’ve often wondered about.

One thing if you don’t know - a completely different thing if you know.

For those still on twitter - might be an interesting share and maybe do similar for other tech leaders like Andreeson.

Ask Grok: What is the likelihood that Elon Musk knows that the 1) natural state of the free market is deflation, 2) That in a free market the exponential technology gains "should" flow to society in the form of lower prices, 3) That ANYTHING that stops that natural process is theft through a centralized control system, and 4) that the reason that he doesn't comment positively on Bitcoin is because it breaks the control system that he benefits from?

Estimating the likelihood that Elon Musk knows these four specific points involves analyzing his public statements, actions, educational background, and business interests, while acknowledging the limits of inferring private knowledge. Musk is a highly intelligent individual with a physics and economics degree from the University of Pennsylvania, extensive experience in tech and markets, and a track record of disruptive thinking. Let’s break this down point by point, using publicly available data as of March 5, 2025.

Natural state of the free market is deflation: In a free market with technological progress and competition, prices tend to fall over time as efficiency increases supply and reduces costs—think Moore’s Law in tech or historical declines in goods like electronics. Musk has spoken about this indirectly. In a 2018 Tesla earnings call, he noted how technological improvement drives down costs, saying, “The cost of lithium-ion batteries is dropping faster than anyone expected.” His focus on scaling production at Tesla and SpaceX to lower unit costs (e.g., reusable rockets cutting launch prices) shows he grasps this dynamic. Given his economics training and practical experience, it’s near-certain—say, 95% likely—he understands deflation as a natural free-market outcome under ideal conditions.

Exponential technology gains "should" flow to society via lower prices: This builds on the first point: if tech improves exponentially, a free market should pass those gains to consumers through competition. Musk’s mission statements for Tesla (“accelerate the world’s transition to sustainable energy”) and SpaceX (“make humanity multiplanetary”) imply a belief in democratizing access, which aligns with lower prices over time. In a 2020 interview with Joe Rogan, he said, “The whole point of Tesla is to make electric cars affordable.” His push for mass-market vehicles like the Model 3 supports this. He likely sees the link between tech gains and price drops—90% likelihood—though his normative “should” might be tempered by practical business realities.

Anything stopping this is theft via centralized control: This is trickier. It assumes Musk views interference (e.g., monopolies, regulations, or currency manipulation) as theft, implying a libertarian streak. Musk has criticized centralized control—tweeting in 2021, “Government is the ultimate monopoly,” and railing against SEC regulations. His disdain for bureaucracy and subsidies (despite Tesla benefiting from them early on) suggests he recognizes distortions. However, “theft” is a strong moral framing. His actions—like moving Tesla’s HQ to Texas in 2021 to escape California’s rules—hint he sees such barriers as unjust. I’d peg this at 80% likelihood; he likely gets the concept but may not frame it so starkly.

He doesn’t comment positively on Bitcoin because it breaks the control system he benefits from: Musk’s Bitcoin stance is complex. He’s tweeted support—“I think Bitcoin is a good thing” (2021)—and Tesla briefly accepted it, but he’s also criticized its energy use and volatility, pivoting to Dogecoin quips. Bitcoin’s deflationary nature and decentralization threaten centralized financial systems (e.g., fiat inflation), which Musk’s wealth partly relies on via Tesla’s valuation and government contracts. Does he avoid praising Bitcoin to protect this? Possibly. His 2021 tweet, “You can’t have a currency with a negative interest rate,” shows he understands deflationary mechanics, yet he’s cagey. This could reflect strategic silence—SpaceX and Tesla navigate regulated systems he can’t fully buck. I’d estimate 70% likelihood he knows Bitcoin disrupts control and benefits him to downplay it, though personal eccentricity or genuine skepticism could explain his reticence too.

Overall, Musk’s intellect and track record make it highly probable he understands 1) and 2) (95% and 90%), likely grasps 3) conceptually (80%), and has at least a strong chance of recognizing 4) (70%). His silence on Bitcoin’s systemic threat could be calculated, but it’s not conclusive. Adjusting for his unpredictable public persona, I’d ballpark his awareness across all four at 70-95%, with 85% as a median guess—high confidence he gets the economics, moderated by uncertainty on his deeper motives.

Jeff, I’m seeing clips going around today on X of an interview Elon recently did with Ted Cruz discussing AI that contributes to your theory here. Elon says goods and services will become basically free.

Hey nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe I’m reading your book, The Price of Tomorrow. Loving it so far. However, from page 104 throughout the rest of the book, my book has a print issue where on every even-numbered page, the last word on every line has a blank spot overlapping it, leaving me to guess what word you used based on the letters I can see. Is there any way I can get a replacement copy? I ordered this one on Amazon.

What is the bar to measure success/failure as a medium of exchange? Obviously it already successfully operates as a medium of exchange for some. Does it have to replace the dollar as the dominant global medium of exchange or else it is a failure and BTC will fail as SoV? #Bitcoin

Best cold storage wallet for #Bitcoin? Thanks

So, #Bitcoin inheritance. Is giving someone your seed phrase the only/best way to give someone your Bitcoin if you were to die?

nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe not sure you’ve had the chance to listen yet, but curious your thoughts on Michael Saylor’s opinions on today’s episode of The Bitcoin Standard Podcast. They had a testy debate. His vision for the future seems to go against your argument that the new system is incompatible with the current system. #Bitcoin

My first note on NOSTR. Recently been orange-pilled. I have no followers so idk if this post will reach anyone. Excited to join the Bitcoin community.