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RootHodl
roothodl@nostrplebs.com
npub1w2qx...d04k
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RootHodl 1 year ago
Bitcoin adoption accelerating feels like when a wise friend leaves before you've had time to learn more from them.
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RootHodl 1 year ago
how the fuck can I think of new ways that fiat pisses me off after thinking about it daily for years already?
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RootHodl 1 year ago
‪Avoid all people who act to be in the flow of money rather than act to create value which they can exchange for money. ‬
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RootHodl 1 year ago
the stories of the bitcoin pleb are the stories of human value judgement and allocation in a context of real consequences, not sugarcoated by a buffer of extra backup resources.
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RootHodl 1 year ago
If it can be exploited then it will be. The future is made with tools that add macin friction to the exploits.
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RootHodl 1 year ago
it's akmost as if the ETF is by fiat.
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RootHodl 1 year ago
Explaining bitcoin to a normie is like building the east west railroad. Talking about payments and savings separately until the two concepts meet.
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RootHodl 1 year ago
‪Bitcoin isn’t fighting. It’s doing nothing. Not growing, not degrading, not subject to any agenda. This doing nothing is exactly why it is the best neutral reserve asset. ‬
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RootHodl 2 years ago
Money won’t be much of a thought on a Bitcoin standard. It will simply be the lubricant of markets. Nobody notices the lubricant if it’s working properly. Everyone will just take actions towards their contentment with no layer of worry towards their savings being stolen.
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RootHodl 2 years ago
‪The degree to which something is substantive is largely determined by how difficult it is to change. By that measure the bitcoin ledger is more difficult to change (without a private key) than any other known substance. ‬ Bitcoin is more real than other things for that reason however it also only comes into existence once every ten minutes for a split second. So most of the time there is zero surface area to Bitcoin at all.
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RootHodl 2 years ago
‪the Bitcoin economy will involve all builders opting to build on open systems that can connect to other open systems rather than build on an economic software infrastructure that is fundamentally unstable because people profit through cycles of destroying and rebuilding the infrastructure. ‬ A Gaults gulch of brain drain will occur out of the closed systems.
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RootHodl 2 years ago
Just generally talking about the whims of the US dollar short term is pretty silly when there is so much engaging and useful discussion to be had about building the Bitcoin economy.
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RootHodl 2 years ago
‪Bitcoin cannot be understood by comparing it to things we already understand. ‬
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RootHodl 2 years ago
‪Bitcoin is engineered to be the stable zero point of value, the only reason it seems to valuable is because most things we allocate to in fiat world are on the negative end of the value number line. Bitcoin is already at zero because it is the discovery of economic zero.‬
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RootHodl 2 years ago
‪Everyone needs bitcoin but we need to not sugarcoat the situation. Hard money will take time to fix the decades of capital misallocation. We need to transition into value oriented productivity to get back to abundance. ‬
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RootHodl 2 years ago
Why does one incur a gain on an asset when selling it for a higher dollar value when the purchasing power of those dollars is actually net negative to the purchase price of the asset? Capital gains tax being nominal seems kinda scamy.
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RootHodl 2 years ago
‪The balance of reality feels unstable to those who live in a fiat wind. ‬