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Bitcoin hasn't yet priced in the massive easing from central banks that is expected to occur in the next 12 months.

LIVE VIEW OF THE BUDDHIST KINGDOM OF BHUTAN WHO HAS 1/3 OF THEIR GDP IN BITCOIN

BITCOIN ZEN ACHIEVED

Great question. Keep asking these! It’s what helps with conviction over the long-term

The key is to study money some more…

How I think through this:

- money solves the double coincidence of wants problem

- many things can be used as money, most things are very bad at money

- a good money is: Divisible / Durable / Fungible / Portable / Scarce / Verifiable

- good money has 3 functions: store-of-value / medium-of-exchange / unit-of-account

- people will use money in different scenarios for 1 of the last 3 functions

What you’re thinking through, it’s important to identify which function you’re fulfilling

As Bitcoin increases its market cap, driven by value moving into BTC, and purchasing power increasing, as supply is outstripped by demand, the SOV function is altering (hence we see its exchange rate alter)

Whilst, you can price things in whatever you want. Chairs. People. Coal. Grain. Gold. USD. Eur. BTC. Etc. Long-term I believe everything will be priced in BTC, which is UOA function. The supply of all those UOA moneys I just mentioned can change, but BTC will change the least (think stock-to-flow ratio), hence makes a good UOA

Point being everything is in flux the whole time. Modern fiat has lulled us into the false sense that prices can be constant

In short - I try my hardest to measure my net wealth in BTC terms (ie SOV) but on a daily basis pricing things in BTC remains hard

Lastly BTC will only have 21 million, this is like a truthful measuring stick of value, unlike anything we’ve ever seen. Just because you price in SATS, this doesn’t change that fact

Hard to explain in one note!

🙏🏻

Hope that makes sense

Learning question about #bitcoin

If the goal is for #btc to not just be sold (store of value) but to be spent (currency, or stated better imho, medium of exchange of value)

This means we have to shift from converting BTC > USD (fiat)… to 1 BTC = 1 BTC

Meaning we have to stop measuring things in fiat values and instead measure (aka price) in satoshis (sats)

This is a huge mindshift and one that I think will take time for many, let along the masses.

It would sort of be like traveling to a country whose prices are denominated in EUR but I transact in USD…my brain struggles to convert or compare the cost in EUR vs USD

(Bear with me I’m getting to my question, but the ground work I laid is important (if I’m understanding things correctly)

So then…if we continue to measure products and services in both fiat and sats,

Q1. will we not just inflate Bitcoin despite its deflationary nature?

Example (using an arbitrary price choice) :

An apple is $2 or 10k sats

If BTC is at $100k USD (fiat value)

And it goes up to $200k, which in essence means the $2 Apple now costs $4;

Q2. would not the sats also have to double to 20k for an Apple? (And therefore pricing things in BTC is also inflationary?

The exception to this would be in the parties transacting truly think only in sats and eliminate any comparison/conversion to fiat

But that is a major #economics mind shift because “what is the value of something (especially in sats)? Like how are thing actually priced in the world beside me just saying “I think this is worth $X”

Ok…I’m starting to ramble so I will stop.

Merely trying to close the loop in my head on how setting prices in sats will also not be inflationary.

(In the equities market price is set essentially by liquidity. The more liquid an underlying is, the tighter the price spread is…that may be part of my answer…the more people that transact in sats; the more efficient pricing becomes…but I don’t think that addresses all of my question)

[apology for rambling…trying to succinctly communicate my thoughts to help attain an answer]

Pay attention to what excites you the most, this is how your higher self communicates it's guidance to you.

Follow that excitement with no expectation on the outcome. Acknowledge everything that comes about from it & resist none of it. Every experience has value, if you're open to it.

You don't know what your higher self (the greater you), has in store for yourself. I guarantee it's more exciting than whatever your mind can concoct though.

GM, everything is happening for you, not to you.

Sometimes things happen in your life that are very undesirable.

As disruptive & frustrating as these events can seem, they all have value. Don't make yourself into the victim or the judge as it will obscure the value from you.

Accept that life has thrown you this challenge & look for the hidden value. Failing to do this often leads to similar "learning opportunities".

You're allowed to have preferences but nobody gets to skip the lessons.

💚

Just a stereotypical guess here but ima postulate that (if that is indeed true) that

1) “A” students tend to be rule followers and pleasers and

2) “D” students tend to be risk takers and are less likely to give a f*k about the boundaries and rules

Just a theory… and I know there are exceptions…I know plenty of “A” students who are also risk takers and rule benders

Crazy. Every time I went to focus on sharing my work across these platforms, there’s a feeling deep down that it’s not right. Knowing that you are controlled and exposure throttled whilst empowering the gatekeepers. Build it and they will come. #grownostr #thxdevs

You're very welcome!

I'm trying to make the point to my wife as well.

You're starting from scratch so you're building up here. It'll take some time but it'll be worth it in the long run because this isn't a foundation of sand.

If my wife had started using her npub when I made it for her (same day as mine) she would already likely have built up the kind of feed she currently values on legacy socials. Ideas, memes, meal ideas and homesteading.

Same goes for anyone else at this point.

Well number one is get on Nostr and use that as the primary "platform" instead of other social media. Build out a relay for private community and put energy/capital into nostr-based solutions like creatr or nostr.build.

I guess in terms of building from scratch you would need to diversify your video platforms. My personal preferences would be:

Rumble

Nostr Alternatives

YouTube

There seem to be a few nostr-based video services and I would focus on building out a presence there as they become more robust.

Rumble because it's not YouTube and there seems to be a lot of tips of content missing due to the prevalence of political creators. Open market basically.

Youtube as tertiary backup.

Not really sure how one might try to migrate an audience from legacy social media.

It clicks when it clicks. I was so dumb i missed it twice in 2010 and ‘12. Took me till end of ‘17 to finally click. Even then it took help from people like Andreas, Hodlonaut, American Hodl etc to see the real genius not just NGU 🤷‍♂️

By the end of the decade governments will have lost their monopoly on information and the creation of money.

Freedom wins, Bitcoin wins.

Same, I have a couple of frens with 500K YT channels.

However, everything else in life and I mean everything is based on a trust model.

The few successful orange pills I've had, have led with the statement.

"Bitcoin is like nothing else, every other product, service or asset can be fixed or restored by a third party if something goes wrong."

Not everybody wants that responsibility. Hell, I'm not sure I want to be on call 24x7x365

Not everybody wants to be uncensored.

Freedom is available to anybody, but it's not for everybody.

I was 50 when i fell down the hole, you’re doing fine 🤙🔥

People around me generally have zero curiosity. Probably says a lot about the company I used to keep 🤣