HUMANS USE INFORMATION TO ABSTRACT PHYSICAL REALITY
WHEN THERE ARE NO LIMITS ON THE INFORMATION WE CREATE, WE LOSE THE ABILITY TO COMMUNICATE PHYSICAL REALITY THROUGH IT
THE PROBLEM WITH SOCIAL MEDIA TODAY ISNāT ANY DIFFERENT THEN THE PROBLEM OF SEIGNIORAGE
#Bitcoin #Nostr
If humans are to gradually be replaced int their contribution of ālaborā and Keynesian ideal of mass consumption and fiat is still the main vehicle for economic growth then UBI from government is necessary.
This looks like fake money paid by governments that have a tendency to shut down bank accounts of people and behaviors they donāt like. It means you stay on that hamster wheel forever and they make it harder for you to save the UBI you didnāt even work for. They will have more and more authority of what you buy now you invest and how long your currency holds value because tech deflation and falling birth rates means their Keynesian GDP game only keeps chugging forward if you spend faster and faster.
Your alternative is hard money. Some bullshit GDP number may not work as it used to but youāll have more access to your things you need cheaper housing more time and more freedom.
The interesting thing is you can choose either world right now both options are just playing out in slow motion.
Zoom out and stack sat. š«”
#Bitcoin #Fiat
How is this calculated?? Was working on an article where this would be helpful.
I am virtually certain this is how #NOSTR and the #Fiat system will play out.
There will be a threshold of users that is needed for a massive shift in our networks. This will happens sooner in some countries and for different reasons.
One country may experience it first because of lack of freedoms online that result in faster adoption. Other countries may lag behind. But after an adoption that is around say half of the people is a achieved a sudden shift will happen resulting in traditional networks we are familiar with that donāt include social media to be distributed.
Nostr is useful as social media too but in a different way. I can post to people who think like me have censorship resistance and even get paid sats for my posts. I also enjoy the content on my feed and learn more here. I however still pay a fee to use a network like Uber or Airbnb, it is not peer to peer and ends up costing us both money. I also have friends who donāt have lightning wallets and most wonāt pay me on a network that can allow me to receive sats.
Once a threshold is met however Uber on Nostr would work because enough people would have a npub that they needed for a completely different use case. When that threshold is met Uber drivers will switch because the better incentives. This will happen for just about every closed network that now exists. Iām not sure the order or timing but I strongly feel that a decade is coming where these tech companies see a massive decline in their use case.
When this is happening #Bitcoin will already be eating up their monetary premium and the switch to Nostr will further drive adoption. The easy money to keep the traditional system solvent will of course be ridiculous.
YOU CANT STOP THIS TRAIN OF BITCOIN AND NOSTR AND YOU CANT STOP THIS SINKING SHIP OF A FIAT SYSTEM!
Testing to see if my network on NOSTR can help:
Iām looking for a remote job to work in my last semester of college. Iāll take anything but am obviously interested in #Bitcoin. Been teaching myself some web development and also have some experience with a SAAS start up using LLMs that Iāve been working on with my only orange pilled friend. To be able to pay rent and get some experience is the goal.
DMs are always open š§”
Store your share of economic energy in #bitcoin
Governments canāt take it when you keep it in #bitcoin
When the total economic energy of the world increases your share is now worth more.
Thatās it. Thatās the cheat code. You donāt need to do anything else.
#GameTheory explains why animal cooperation is common and why #Bitcoin and #Nostr will ultimately win.
When different species find mutually beneficial interactions, they become more fit for survival and procreation. This cooperation grows and becomes expected behavior.
Similarly, open networks like #Bitcoin benefit participantsāwhether they are energy producers, consumers, countries, individuals, or even AI. Improved cooperation in these networks drives its success.
#OpenNetworks
It actually isnāt unreasonable that #Bitcoin can solve half of the world's problems.
Think of the world as a game with rules, decision-making, and randomness in terms of life position. Small variables can have big effects.
Imagine if fossil fuel never existed. How different would your life be today? What path would technology and society have taken instead? This represents a massive shift, similar to removing or adding an element from the periodic table.
Now, imagine adding a massless element indexed at zero on the periodic table. Only someone versed in code would see the solution to the current rules of the universe as adding a 0th element. I believe Satoshi may have thought this.
If this 0th element were added, it would profoundly change the world, especially if designed to interact and alter the existing world. It would have the greatest impact if used as a technology in every exchange (money) and changed how we interact with our environment, mainly in perceiving time and using energy (proof of work).
#Bitcoin #Nostr
#Bitcoin is the measuring stick that reveals the scam
nostr:note1lazv4y4ylv2e9tz9af5zq8z2s4jzeuqsxxwy276qvep82lxa2cwsqgnw3a
1. Convince the public owning a home is the American dream, tell them that homes are a store of value, and should be the main avenue in which the public saves their labor.
2. Set up system in which home ownership can be achieved from a mortgage.
3. Expand the money supply via money creation from fractional reserve lending. Yes even mortgages.
4. As peopleās homes and wealth is diluted from new housing tax the āgainsā that all came from the money expansion.
Everything from the food that gets subsidized to what the government says is a āhealthy balanced mealā to science on nutrition is not the government looking out for you but understanding that the pushback they deserve from the public by going off the gold standard can only exist once food is too expensive. The foods pushed by the government and science are chosen because theyāre prices are suppressed from subsidies and keep the public docile.
Kings once handed out bread when the public started rising up. Things have not changed.
#bitcoin #fiat #fiatfood #meatsr
If Bitcoin is 50% of global wealth and it increases to 75% your purchasing power did not raise 50%.
It actually raised 200%.
What if it were to increase to something like 95% of global wealth in a scenario where we go up a kardeshav scale or two?
You and your #bitcoin would get you 1800% relative purchasing power.
Not to be confused with 1800% more stuff but purchasing power of the rest of the āwealthā it can be assumed that the output of the economy in the future also produces much more.
Bitcoin is buried in #time.
With gold we uncover it buried in the earth. As we uncover more we have to go through greater amounts of materials to get an equivalent amount of gold, but our ability to get that gold also advances.
So long as we canāt accelerate time, and demand for block space exists bitcoin will go up in value forever.
#Bitcoin #timechain
Borrowing from the future becomes accurately expensive. Saving for the future becomes fairly cheap š§”
nostr:note1uf49evt0d48lxcd8vl8x99620sj644w0x522mydlk27mfqe7g08qfsl7ze
What are some of the ways the average person will have non kyc bitcoin down the line?
Small amounts from mining to heat their home sure but how do we get the majority of people to have most their Bitcoin not observed by an oppressive government?
#bitcoin
Not sure if I can give a good argument yet as to why but I feel strongly that on a long enough timeline #Nostr will greatly change the playing field such that it benefits vendors and hurts the current or next Amazon.