Every Bitcoiner dad waits for this day.
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I’ll never look at a can of beans the same way again.
Sir, we put the APE in Great Ape
Imagine if AI were not solely producers but were also consumers? We could literally expand our economy but creating more AI contributors, even in the face of population decline, and collapse, in some economies.
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For some, Bitcoiners sound to them how shitcoiners sound to us
Some argue money is a multiplier of a person’s personality. If they’re a humble person, Bitcoin could make them more so. If they have low impulse control, it could only create more problems.
I may have missed something in my readings, but an economy on the ₿ standard would be deflationary, would it not? I can certainly foresee strains during a transition period (ie the ‘short term’). For example, housing, healthcare, and education would still be too expensive for many and their taking on debt denominated in ₿ would be even challenging to pay back.
In the long run, for those able to incrementally save, their purchasing power grows, but how does that impact the high cost of services in those fields- becoming a doctor, speculative investments in medical technologies and high tech? Will those begin to resemble the budding ₿ and Nostr ecosystem, where the pursuits are out of passion and supported by a mix of generous benefactors and revenue? Will economies have enough service providers under such a model to meet demand?
If workers are paid in fiat and inflation rises faster than wage increases, on a Bitcoin standard, will workers get paid less over time but everything else depreciates faster than wage decreases? nostr:note1mzrv0369u72nzwrds6dyakjg8vkajdzc6rtpzr3ql4kl3qc48xcquzlu2h
Shower thought:
If an economy is on the ₿ standard, would companies still be faced with the daunting task of ‘grow or die’?
GM Nostr
Got it. I don't know the solution to #2. For #1, Lava apparently offers loans against self custody BTC at a reasonable rate. If someone is ok with custodial, might as well also consider just holding some BTC ETF's and borrowing against that from a large brokerage house- their rates can range from 6%-13%.
Isn't gap insurance what makes that possible for home and auto loans?
Nostr represents the best of what ₿ has to offer.
It’s never too late to join.
There’s no HFSP.
There’s no ‘everyone gets Nostr at the free speech they deserve’.
When I was a younger less learned man, I saw Bitcoin was freedom.
Then I grew wiser and thought it was about money.
As my hair grayed, I saw it more as an asset to preserve.
Now, I see it is indeed freedom.
I’m undecided if Bitcoin has a higher concentration of hippy capitalist or of atheist conservatives.
Great line from the Odell/Hodl year in review: “if you have more Bitcoin, you don’t have more power over the network.” An under appreciated point. One’s place in the Bitcoin community has nothing to do with their bag size. And with Nostr, one doesn’t even have to own ₿ to be part of the community.
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https://apple.news/A7LqRPLsITAWvtbiqx6wDGg
AI will make life easier, they say. It will help you, they say. AI can’t solve for receiving bad inputs and human bias.