CitizenPedro

Holy crap, our social networks might be the only thing that we truly have in the end. #nostr

One of the things I've been realizing recently is that Bitcoin's divisibility (in L2 networks like Lightning, etc) will make it incredibly useful for global financial systems. I have to admit for a moment there I was a bit skeptical that there would be incentives for redistribution, i.e not hoarding. In other words, if Bitcoin is consistently growing in value in relation to fiat, what's the incentive for me to invest? And then I realized it's all about scale. Investments with Bitcoin (L2) can become very very small, global, widespread and decentralized. And there's a lot of value in that, not counting of course of all the more cooperative tokenized models for services, memberships, that could be created. Now, this will also require some legal change as we know, especially when it comes to securities law, etc. Which is already happening in the US. Basically the US will syphon capital so quick that other countries will be forced to adapt, and that will force a global SEC like deregulation everywhere in the world. Which will further accelerate the tokenization of everything, and create more investment opportunities for everyone. With tokenization we're basically gonna see S&P500 for millions and millions of companies basically. It's very exciting actually. #bitcoin #economics

Hey everyone, what would you say are the best apps/services/technology for marketplaces on Nostr currently? Stuff like finding specific people or services, people offering services, etc. Like regular classifieds like Craigslist but on Nostr, do we have anything like this today? #bitcoin #asknostr

Have you guys ever thought about this? In a Hyperbitcoinized the need for credit might become highly diminished or perhaps even obsolete. Redistribution—whether through a State-issued UBI or through equity investments from some kind of global private fund (like a tokenized S&P500 of every company in the world)—could take place in extremely small, frictionless units. Technically, it becomes completely feasible to live in a fully Bitcoinized economy precisely because Bitcoin is divisible down to infinitesimal scales. Imagine for example an extremely small investment (microsats) in exchange for ownership shares of something, a project, company, etc, driven by some sort of AI system (to make it decision cheap and thus globally scalable). Why not? If it fails, it's irrelevant, if it wins, it's pretty cool, you make some money and contribute to something cool that you like, redistributing wealth and ownership by many millions of people. It really changes one's perspective. In such a world you can actually get funded efficiently, and thus the idea of everybody hoarding simply doesn't become true. It'll definitely circulates, because why not, it's basically free for you (or someone) to do so. In other words, a hyperbitcoinized world could realistically lead to the abolition of credit and thus it can realistically be possible. It is basically inflation turned upside down—a form of infinite deflation. Every decade, you could simply add a few more decimal places to Bitcoin’s divisibility. Something along those lines. It's mind bogging to think about the Hyperbitcoinized world. #bitcoin #economics #thoughts

Stéphane Laborde Relative Theory of Money is brilliant stuff. Basically it's scarce, private, created by algorithms, UBI like money. He wrote a white paper at https://en.trm.creationmonetaire.info/. Imagine a currency that is scarce and co-created, i.e every certified user gets 300 Junes (G1 currency, they call it Junes), a month. To get certified you are certified by other 5 people to prove your human (it's their WOT). There's already an implementation at https://g1currency.org/, the G1 currency already has like 50k users, mostly in France, Spain, Portugal and south America. This in conjunction with Bitcoin and Nostr is going to create a much freer and voluntaryist world for everyone. I love it very much. #economics #ubi #g1 #bitcoin

More beautiful music to start your Saturday https://www.youtube.com/watch?v=qP0dSxLOTEc #music

This album is beautiful: https://www.youtube.com/watch?v=Z3m7HXeiHpg #music

Does anybody know why there's such a drop in Bitcoin exchange reserves? #bitcoin

This is the kind of stuff that shows how the new world will make the old world obsolete. The new generation not only have Bitcoin, they are more connected, use more technology, smarter, etc. That's what the old guard forgets sometimes. #bitcoin #economics

In my view, real estate will be the real loser in the next 5 years (or more, maybe even 10 years). S&P500, equities in general and Bitcoin will recover quickly because of their nature and liquidity channels, real estate will take much much longer. Lots of smaller banks will collapse. They'll bailout only the bigger entities. Equities and Bitcoin might recover in something like 6 months, much faster than 2008 because liquidity injections are much faster now (there was no QE invented in 08), the market already knows the drill and there's nowhere to go. Equities, Bitcoin and gold are going to be the only global investment in the next 5 years (or more). Smart real estate people are now in panic and trying to figure out a way to get into cash. Taxes are also not going to help them. The world is going to change very fast. #economics #bitcoin #economy #investment #macro

There's about 900 banks globally at risk today vs 400 in the US in 2008. #economics

I believe that, over time, most publicly traded companies in the S&P 500 (excluding the Mag7) will end up holding a significant share of their assets in Bitcoin. As a result, even small investments into the S&P 500 will indirectly channel capital into Bitcoin. And that's how Mag7 gets demonetized. Not by having the masses change their investment strategies that but by having the S&P500 underdogs unite under a better currency. This is how revolutions always work by the way. The underdog unite to overcome the status quo. #bitcoin #economics

People have zero idea about the incredible world that is being created. To a better future! https://www.youtube.com/watch?v=uO5YgG3wQ6g #music

I was thinking. What if this is truly an everything bubble and it's just rational reallocation from now on? In other words, everything grows, it's just that somethings grow faster than others? #bitcoin #economics

So the most useful Relay will be the relay that stays around for longer, correct? In other words, we will want to pay for a relay that will keep our content out there for longer, and also ideally that has functionalities to keep spreading our content to other people (or relays). So time + visibility. Is this thinking correct? Looking to reflect a bit on the good old topic of Nostr relay economic incentives and wonder what are the current thoughts on this. #asknostr #nostr #discussion #conversation