@Parker Lewis I’m part of a Bitcoin book club. I’m interested in us reading Gradually, Then Suddenly but one of our members likes to use audiobooks. Do you know when you will have an audiobook for Gradually?
Tetsuo
jon-2@orangepillapp.com
npub1kmcc...zsv8
Bitcoin Pleb, member of Sactown Bitcoiners, Bitlyrics.co contributor
Lonzo killing it from deep so far. #damn
Both LaVine and Giddey getting right to the rim with no resistance against the Kings in Chicago.
I used to not like all the hate Bitcoin gets. If it’s going to be the global money, I thought the hate would hurt that outcome.
But I realized many U.S. citizens dislike or hate the inflation in the USD. But they still use it. One does not have to like a money to adopt it.
An underrated aspect of Trump supporting Bitcoin in whatever way is Trump is in one sense similar to Taylor Swift.
A large number of people are hella devoted followers of him. If he supports a thing, they will too.
People would do better by just buying #Bitcoin and holding it rather than running a business. Investors for sure would do better to just buy Bitcoin instead of investing in businesses.
What does this mean if Bitcoin is the money? If the business owner takes a loan in bitcoin, they will owe more purchasing power over time as the loan term progresses. There is less incentive to apply for loans. Investors in businesses can do better just buying bitcoin than they would do investing in a business. There is less incentive to invest in businesses.
Yet, society needs the goods and services businesses provide. We will inevitably maintain businesses to provide them. Business owners and their partners can save in bitcoin and thereby gain the capital to create businesses which they couldn’t do with fiat. But why would they? For many of the goods and services businesses we need, their IRR would be smaller than Bitcoin's.
It seems there must be an incentive beyond making money to create businesses in a Bitcoin world.
Looking forward to watching the season finale of Dune Prophecy in a moment.
New from @bitlyrics_co: a transcript of the Bitcoin as a Tool for Freedom panel at @Bitcoin Atlantis featuring @gladstein @Lyn Alden Farida Nabourema and @jack
Bitcoin as a tool for freedom – bitlyrics
#Bitcoin
#Bitcoin
Gresham’s Law dictates that #Bitcoin will be the store of value and the U.S. Dollar will be the medium of exchange until Thiers’ Law replaces the USD with #BTC as MoE and unit of account.
A world-wide Bitcoin standard is inevitable. The main question is how we get there.
The ETFs purchased 9,150 #Bitcoin beyond what the miners produced (assuming the miners sold all).
So at least 9,150 bitcoin were sold from existing holdings. There is much more existing bitcoin that can be sold than there is new Bitcoin coming. The halving still matters but probably for how it affects miner selling behavior.
Why normies hate #bitcoin:
1. The volatility (especially crashes)
2. It's digital, not physical.
3. Rug pulls
4. Limited regulation
5. Electricity usage
6. Some tradfi influencer hates it.
Am I missing anything? Trying to gather these "reasons" first before figuring out how to address them.