My 4Fs (Fiat Friends Family and Fools) ASK:
As we all know bitcoin has a limit, when we reach that limit how is the value of bitcoin defined, assuming that the cost of bitcoin is the floor of the energy cost of the system + speculation?
I SAY:
In a hyper bitcoinization scenario, the price would be the inherent cost of energy + the capital cost of investing in mining and its margin + speculation - yes. But there's another component you're not considering – productivity gains. We should all live in a deflationary world. Exponential technological growth is a constant pressure to lower prices. You don't see it because it's being captured by the central banks and their Cantillonaires (Cantillon effect). In reality, Inflation is about 8%, because it is the theoretical inflation of 2%, plus about 5-7% of deflation inherent to innovation productivity growth. All of this value is energy that is being taken out of the economy and is not creating value effectively. In a deflationary future, your BTC is always appreciating, firstly because it is scarce (fixed supply) and limited resource but mainly because all the economic growth of the economy and technological innovation is captured in BTC as a strategic reserve. Therefore, the growth in the value of BTC would be associated with global economic growth, and would be exponential, in-line with the exponential advances in technology. We would live in a world of Abundance. That is why I spend much of my time doing the work of studying BTC. I want a better world to my children! A world of Abundance and Freedom!
My 4Fs (Fiat Friends Family and Fools) ASK:
You see, Bitcoin is not a payment currency, people prefer the use Stable Coins.
I SAY:
We have to carry out Trx in stable coins because the USD is the (still) global reserve currency. People know the USD, not so much BTC. Although, BTC is increasingly present... Stable Coins are an entry door into DeFI (Decentralized Finance) world, once a person enters this world via this pathway, learns, and will quickly understand BTC. Stable Coins are an Onboarding tool to DeFI! Bitcoin being the best money (there is no second best!) it will attract sooner than later all those people.
My 4Fs (Fiat Friends Family and Fools) ASK:
Bitcoin cannot be a currency because it only truly fulfills the function of a store of value!
I SAY:
Money needs its time to move from a collectible to price setter. It only happens immediately when there is a government that submits it into its people. Accepting BTC is an individual decision. It's organic. More and more merchants have Bitcoin Points of Sale. In Madeira, I got tired of paying in BTC, coffees, meals, drinks, gifts, I paid a lot in BTC. You only have to look at BTC MAP to see that there are more and more merchants accepting BTC. Check Madeira and Lugano. Two of the European Bitcoin Lighthouses!
The good thing about #Bitcoin is that It represents so many things to so many people!!!
This weekend #bitcoinatlantis was transformational to me. From now on, my FIAT work is my Hobby, my work is Bitcoin. Focus!!!!
I just saw your suit on a manequim over there! Would have loved to give you a hug too. I hope you have enjoyed your stay. Portugal is beautiful as well as it’s people. Looking fwd to have you back! Thanks for your great work!
I hope you have enjoyed Lyn. Looking forward to see you in Portugal again. I just missed your book signing and didn’t want to interrupt your agenda. It will make me work harder to see you again! Thanks for your Thoughts! Having a Enginneer teaching economics to another engineer is much easier! Love your work!! Keep going!
One of the most inspiring! The most passionate! Love your thoughts! I have now my signed book with me! Precious work, the one you do! Sincere Thanks!!
Thanks Lyn for your contribution to this conference. I hope you are enjoying Madeira / Portugal. Great hospitality!!! Really enjoyed listening to your talks!! Thanks
Fxxx! Just realized didn’t bring your book for you to sign it!!
It’s an honor to have you @ #BA24 - Madeira Portugal. Your thoughts are great! Will try to find you to say it in person!!
Thanks nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a . Just ordered from an EU shop!! Looking forward to read it!! nostr:note1aw8hfje84rfrcv204w8yw5l3z5ygwtgv9078e3kntw42kat3ewpqd07vhf
I am “using” you to test/learn Lightning with my node/Zaps/NOSTR/Fountain etc.
Thanks a lot for your Zaps
lnbc6960n1pjdy5wrpp5txulu5q9a5g3yx7kdldlm3d225gq64fkhwa792pg8hdyxjvpxc7sdqqcqzpgxqrrsssp59peu58mphxv25pwc046vmsdp0ylp9dupujwhch599vd9ruscmlts9qyyssq6n3ykytqhqd76gt6rr8zknhnx78we8w9qqyahnxtd2x8rf30ngaqa4hkzcewve33c0v8wjjhcuh6cwj3vuy33yej74na6y78f5d6gtgprnrpch
Knowing Hayek Austrian economic views on Money is a must! Thanks nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u to put them at hand and available to the curious people out there - rugged everyday with inflation.
https://open.spotify.com/episode/7riIGoEwNaNROOUBSca144?si=NvnR98PRQ6ummpQvdkOt1A
Quote the message attached to win some Sats!! nostr:note1w6tv0na0jsdrzms52f9eg4xvcrqycqju49mp9upqqj3j9n5v2f9syf2j7j
You are right ! There are many fucking Bitcoin podcast around! But I definitely follow your content even before your new podcast endeavor. Listened to one (below) on Spotify and will definitely listen to more in the future. Keep on doing it!! https://open.spotify.com/episode/6rVfM4aDM1qg12XXbqxFbv?si=ua_LEAhST7mJminqJIcivw nostr:note1jm0ezt8vaf9vn4y478wcjep80mjqk7ymhc4lt7u4m94fwda0s0jsjfryf6
The goal isn’t to become rich and famous. The goal is to store energy today and own time and capital tomorrow.
Opinião baseada em expectativas ou em factos?