Pessimism is Pointless

Why don't people spend Bitcoin more? We're not there yet. Bitcoin is just beginning to wrap up its proof to the world that it is the best Store of Value. Yes it has more to go, but the trajectory for that is clear and the world is adopting it at the highest levels. The energy focus only shifts towards strengthening Bitcoin as a Medium of Exchange once Store of Value solidifies. The only reason someone would accept it for payment is if it works as a Store of Value. Many Bitcoiners figure this out and once they do, they are happy spend or receive it. The whole world is getting there now. Square Terminal functionality is a massive first step. Sooner or later everyone will appreciate their ability to avoid 3% credit card fees, chargebacks and inflation. Bitcoin is the best Medium of Exchange in the world. With time the infrastructure will improve and people will begin to use it. As people get used to transacting in bitcoin it becoming widely adopted as a Unit of Account, but not until then. There is no skipping the time it takes for people to get used to it. It has to proceed this way. Store of Value -> Medium of Exchange -> Unit of Account If you already use it for all three, you're living in the future.

Bitcoiners are Making Pizza Healthy Again Its @Yough! Time to Shine

In business, you're either growing or you're dying. Bitcoin gives you a third option Bitcoin can do a lot of the growing for you. Any company could have out performed the best, most funded tech stocks of the last decade if they just made sure they were profitable and swept their profits into bitcoin. 50% of businesses fail in the first 5 years. All you need to do is focus on not failing when you sweep your profits into bitcoin and before you know it, you'll be thriving.

What Erik Cason LOVES about Liberals

You need to start calling out the bots in your real life, anon.

Just a couple years ago, no one had Seed Oil awareness. You were looked at like a crazy person for bringing it up. But now, if people don't already know, they tend to be curious about it. What caused that Overton Window shift? RFK? More Seed Oil Free food options? It at least wasn't some single event. That shift is wild when compared to Bitcoin and Nostr conversations. There has been a small shift in comfortability, but still a sense that if you ask about bitcoin to the bitcoin guy, you'll regret it after he goes on his 30 minute tirade. People wince and change the subject when it comes up for some reason still. The Nostr conversation doesn't even get started. We're early and it sucks to be early sometimes. But we don't need some massive shift for the tide to turn quickly. Seed Oils have shown us that.

The freedom that is inherent to Nostr is displayed without thinking by its users. Once you see it, its hard to unsee. Thankful for how many people see it. More will come.

Hey @Erik Cason how do we keep this Circular Jerkonomy thing going?

Quitting Twitter can change your life. A DM we got today:

Doing hard things is much more fun in theory. I think that's why many people don't move their content to Nostr. When you have easy, consistent engagement on a different platform, posting to a place with limited likes can feel like a pointless chore. Do it for a year and you'll be glad you did though. Cross-posting to Nostr is just as easy as it is on any other platform, but the long-term rewards are far greater. You're building your voice in an uncensorable, unconfiscatable space where people pay you if they like what you post. I get that other platforms have larger audiences and more potential for virality, but putting in the work on Nostr has the highest payoff in the long run. You might as well build on it passively.

What does @Erik Cason think about where Nostr is and how it continues to grow?

Once you understand the potential of bitcoin, building your business on a bitcoin standard seems like an obvious long-term strategy. However, in the short term, the challenge lies in transitioning into it. Unlike an individual with a W-2 income who can simply invest their savings in bitcoin, a business's treasury has a significant impact on its future cash flow. It needs to be strong and prepared for opportunities, not just when bitcoin is in a bull market. To achieve this, caution is essential, which can be difficult when faced with the constant debasement of fiat currency and the anticipation of the next big bull run. Running a business is already challenging, and you don't want to add the stress of trading bitcoin to stay afloat. There's always a temptation to acquire more bitcoin, and waiting for the perfect moment can create more problems than it's worth if you don't have the discipline to time your purchases correctly. Remember, bitcoin is meant to simplify your life, not add to your worries. Starting a dollar-cost averaging (DCA) plan can help alleviate this temptation, and it's even more effective if you can implement it through direct product sales in bitcoin. There will come a time when the bitcoin price opportunity is so great that it makes sense to invest heavily. If you buy at the bottom, the volatility of bitcoin will no longer be a concern, as you'll always be in a profitable position. When that time comes, buy the dip, set a stronger DCA to average around it, and maintain a small cash buffer to adjust if you're slightly off and the dip continues. The only way to time bitcoin incorrectly is to never invest at all. While it takes time to guarantee gains, the transition to a bitcoin standard can be incredibly tricky.

Bitcoin and Nostr untangle the Gordian knot in DC @Erik Cason does Big Words good. View quoted note →