Bitcoin Awareness

Seems like ETs agree with nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqaktkhj. https://bitcoinawareness.substack.com/p/message-from-extraterrestrials-to

https://bitcoinawareness.substack.com/p/message-from-extraterrestrials-to

Where can I find guides to use #Shakespeare ?

Bitcoin is not supposed to be priced in fiat.

16 years pricing Bitcoin in fiat is enough. Let's jump to make it unit of account. https://bitcoinawareness.substack.com/p/suddenly-could-happen-now-if-unit

nostr:nprofile1qqsqa6p85dhghvx0cjpu7xrj0qgc939pd3v2ew36uttmz40qxu8f8wq8vdeta Did the whitepaper or Satoshi say something about the price of Bitcoin in fiat?

Bitcoin will only sustain high fiat prices if used as unit of account. Sad or happy but true.

https://stacker.news/items/1292554/r/bitcoinawareness nostr:nevent1qqsggqwfek9huf5h0c9zmgrfae4yf7dstk480e9knpne6c8sjx44hhqpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtczyzh94ygd9gl58w0gw27ezl5hlqvy5kxwxhd0d6w0a96qj53rekphzqcyqqqqqqg06cdq0

From ChatGPT... ## Analysis of "A Black Hole Node Can Trigger Hyperbitcoinization" The article centers around the transformative potential of Bitcoin when utilized as a unit of account rather than merely a medium of exchange or store of value. It posits that a single, stable economic node could catalyze broader adoption of Bitcoin, leading to hyperbitcoinization. ### Central Thesis The core idea is that **Bitcoin's growth will accelerate significantly once it becomes the primary unit of account** for transactions. The argument suggests that this transition is crucial not only for economic stability but also for the broader acceptance of Bitcoin itself. ### Key Points 1. **Unit of Account**: The author argues that true Bitcoin adoption doesn't hinge on price in fiat currency or the tools facilitating transactions. Instead, it focuses on establishing Bitcoin as a fixed reference point for value, which restructures economic interactions. 2. **Black Hole Economic Node**: The article introduces the concept of a **"black hole node"**, essentially a physical or practical entity where Bitcoin is used extensively as a unit of account. This could create a gravitational pull, attracting individuals and businesses from the unstable fiat economy to a more stable Bitcoin-based economy. 3. **Resilience and Attraction**: The node's appeal lies in its resilience against external pressures. As new participants enter, they are compelled to acquire Bitcoin, creating a flow of value from fiat to Bitcoin. This makes joining the node economically rational, regardless of ideological beliefs. 4. **Pricing Stability**: Inside this node, pricing relationships become stable and predictable. Economic actors trading in Bitcoin establish fixed exchanges of value, enabling smoother transactions and a more efficient market. This distinctly contrasts with the volatile fiat system. 5. **Global Implications**: The article argues that even one stable node could have a global impact. Once a community shows that economic life can be effectively lived in Bitcoin, it sets off a ripple effect that could lead to widespread adoption. 6. **Historical Context**: The author underscores Bitcoin's historical resilience over the past sixteen years, suggesting that the inherent incentives for maintaining value in Bitcoin will similarly protect the black hole node from external shock. ### Implications The concept presents **critical implications** for economic policy, investment, and community organization: - **Economic Freedom**: A successful black hole node may exemplify economic independence from traditional fiat systems, showcasing the practical advantages of Bitcoin. - **Community Action**: Emphasizing collective action and community engagement is paramount. It suggests that grassroots efforts to establish such nodes could be more effective than top-down governmental policies. - **Investment Strategy**: For investors and innovators, these insights might indicate potential areas for development, such as creating infrastructure that supports Bitcoin transactions within a stable node environment. ### Critique and Considerations While the thesis is compelling, several considerations are essential: - **Feasibility**: The practicality of establishing a black hole node presents challenges, including initial adoption hurdles, regulatory concerns, and the need for widespread literacy in Bitcoin among everyday users. - **External Influences**: The assumptions made regarding the rejection of fiat systems may overlook complex socio-economic dynamics. People might not easily shift away from established fiat currencies due to behavioral economics or cultural attachments. - **Market Variability**: Relying on a single unit of account should accommodate market fluctuations and variability in local economies to ensure widespread acceptance. In summary, the article proposes an intriguing model for accelerating Bitcoin adoption through stable economic nodes. It offers a visionary path for transitioning to a Bitcoin-centric economy but also poses challenges that must be addressed for practical implementation.

Yes. I am spreading this thesis, because I think it is totally aligned with what bitcoin really brings. I don't know if Satoshi ever mentioned Bitcoin rate of exchange to fiat. https://stacker.news/items/1292554