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HUMANS USE INFORMATION TO ABSTRACT PHYSICAL REALITY WHEN THERE ARE NO LIMITS ON THE INFORMATION WE CREATE, WE LOSE THE ABILITY TO COMMUNICATE PHYSICAL REALITY THROUGH IT THE PROBLEM WITH SOCIAL MEDIA TODAY ISN’T ANY DIFFERENT THEN THE PROBLEM OF SEIGNIORAGE #Bitcoin #Nostr
If humans are to gradually be replaced int their contribution of “labor” and Keynesian ideal of mass consumption and fiat is still the main vehicle for economic growth then UBI from government is necessary. This looks like fake money paid by governments that have a tendency to shut down bank accounts of people and behaviors they don’t like. It means you stay on that hamster wheel forever and they make it harder for you to save the UBI you didn’t even work for. They will have more and more authority of what you buy now you invest and how long your currency holds value because tech deflation and falling birth rates means their Keynesian GDP game only keeps chugging forward if you spend faster and faster. Your alternative is hard money. Some bullshit GDP number may not work as it used to but you’ll have more access to your things you need cheaper housing more time and more freedom. The interesting thing is you can choose either world right now both options are just playing out in slow motion. Zoom out and stack sat. 🫡 #Bitcoin #Fiat
I am virtually certain this is how #NOSTR and the #Fiat system will play out. There will be a threshold of users that is needed for a massive shift in our networks. This will happens sooner in some countries and for different reasons. One country may experience it first because of lack of freedoms online that result in faster adoption. Other countries may lag behind. But after an adoption that is around say half of the people is a achieved a sudden shift will happen resulting in traditional networks we are familiar with that don’t include social media to be distributed. Nostr is useful as social media too but in a different way. I can post to people who think like me have censorship resistance and even get paid sats for my posts. I also enjoy the content on my feed and learn more here. I however still pay a fee to use a network like Uber or Airbnb, it is not peer to peer and ends up costing us both money. I also have friends who don’t have lightning wallets and most won’t pay me on a network that can allow me to receive sats. Once a threshold is met however Uber on Nostr would work because enough people would have a npub that they needed for a completely different use case. When that threshold is met Uber drivers will switch because the better incentives. This will happen for just about every closed network that now exists. I’m not sure the order or timing but I strongly feel that a decade is coming where these tech companies see a massive decline in their use case. When this is happening #Bitcoin will already be eating up their monetary premium and the switch to Nostr will further drive adoption. The easy money to keep the traditional system solvent will of course be ridiculous. YOU CANT STOP THIS TRAIN OF BITCOIN AND NOSTR AND YOU CANT STOP THIS SINKING SHIP OF A FIAT SYSTEM!
There will be a time after #Bitcoin is the base layer of the global economy where if it has stabilized or only slowly gains more of a % share of all wealth. When that happens the majority increase of spending power of individuals will come from the deflationary force of technology. Based on the amount of M2 increase it takes to just achieve the feds target CPI inflation rate that number will certainly be greater then 10% as it is already around that today. Even if the deflation rate is just 10% that means that whatever your bitcoin stack you could continuously spend 10% of it for eternity and your living standard would stay the same. Families that spend slightly less of a percentage of their savings when compared to the deflation rate percentage and are able to successfully teach their children and grandchildren to do the same will create a level of abundance hard to imagine for the the grandparents who started spending modestly. The annual spending of these families will honestly be less then the number of sats I can get on a post, it seems ridiculous but mathematically is true. Generational wealth is now built off modesty, discipline, and a short time preference rather then fiat exploitation and debt. #bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #satoshi #war #oil #petrodollar #m4 #plebchain #energy #mining #sats #m2 #generationalwealth
Currently building a client with my business partner and more technical friend @nobody. Would the community be interested in zero collateral yield??? Basically like a savings account with interest but you are 100% in control of your sats. You get distributed sats based on the inherent value your attention has. We are working on this and believe it is an under looked aspect of #nostr This seems inevitable now and would be a huge breakthrough in the 5000 or so year history of banking, and could potentially be an important feature of post labor economics.
#bitcoin demands curiosity. The halvings, booms and busts, 24/7 open global market, and the fact that everyone who has put in the proof of work to understand it has their life changed by it. People who will control a larger share of capital in the future will be those who could let go of their ego, they will be low time preference people who were willing to admit that everything they have been told about history and the world may not be entirely true.
Satoshi probably knew that our current system would not disperse the benefits of the marginal cost of production of just about everything collapsing to zero, so he built the world a money that would distribute those gains and let us save as things become cheaper. He probably also knew that the thing that would have the hardest time seeing a decrease in marginal cost of production would be energy. 1. Growth in energy use stagnant since 1971. 2. Energy markets are built on non renewable forms of energy that get more scarce as we use them. 3. The entire global financial system is built on the petro-dollar and is not going to let cheap electricity win without a fight. By making bitcoin mining energy intensive and block subsidies get increasingly smaller Satoshi made it so that countries would fight to make energy become cheaper and cheaper rather than fight wars. #bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #jasonlowrey #satoshi #war #oil #petrodollar #m4 #halving
If a government is used to a certain amount of theft in the form of inflation and half of its people opt out and start using Bitcoin then they need to have about 2x the inflation to achieve the same amount of theft as before. #bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #satoshi #war #oil #petrodollar #m4 #plebchain #energy #mining
Some of the smartest people in the world don’t see it but there is no path where marginal cost of production approaches zero and we maintain consistent inflation of the main money used by society without the break down of society. I don’t know if countries will forget the fiat system or people will just opt out, in the end I don’t think it even matters. Bitcoin winning is the only path. #bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #satoshi #war #oil #petrodollar #m4 #plebchain #energy #mining
To get rich… Stack Sats To help developing nations… Stack Sats To solve the climate crises… Stack Sats To start a family… Stack Sats To opt out of inflation… Stack Sats To get back your time… Stack Sats To be optimistic… Stack Sats To create a better world… Stack Sats #bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #jasonlowrey #satoshi #war #oil #petrodollar #m4 #plebchain #energy #mining
Nature does not like monopolies. The systems we built, the very issue is that they go against natural law and create monopolies. We become disconnected and suffer the cycles of civilizational rise and collapse. #Bitcoin is our chance to get back to natural law. A scarce money that is not just tied to the laws of physics but will stop monopolization of industry, lead to decentralization our use of energy, and destroy the monopoly on violence that governments have exploited. We will be less sick, we will be happier, and I suspect back in touch with nature and ourselves. #bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #jasonlowrey #satoshi #war #oil #petrodollar #m4 #plebchain #energy #mining image