#bitcoin as an asset within a control system is a fundamentally different and long term incompatible view with #bitcoin as a protocol bringing freedom and abundance to 8 billion people.

Replies (38)

That’s my initial thought as well. In order to become the latter, don’t we kinda have to go through the former?
I don’t believe he is saying it is latter without the former, but saying the fiat system is not compatible with a deflationary BTC standard. IMHO, of course.
I love what Balaji is doing with these social networks and nodes. Need more early Bitcoiners to invest in securing the network
The number of nodes doesn't matter if the majority of coins are locked up and unused. The system only works if it is being actually used by people rather than institutions...
When Jesus walked the earth, he spoke often about money. Bitcoin is God's gift to His creation.
Exactly! If one just reads the first two sentences of the Bitcoin white paper ("A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending.") it's easy to see that the idea is NOT to be an asset within a control system. I hope that you keep on hammering that point home.
Jeff is on another intellectual level from me and I consider myself a deep thinker. Thankfully, I can just be in 100% spot while I try to catch up. I know the answer just still trying to understand the question. Thank you for the thought leadership Jeff.
Thanks but not on any other level - just tons of deep thinking about a problem that I was a part of - then facing my own incongruence in thoughts/actions and fixing them one hard lesson at a time.
AlcoB's avatar
AlcoB 8 months ago
Go the way of the protocol. Much better for humanity. 🙏
Benking's avatar
Benking 8 months ago
Bitcoin isn’t just an asset, it’s a force for freedom ⚡ Cage it, and you kill its power.
Tony Acid 's avatar
Tony Acid 8 months ago
"an asset" will disintegrate over time, we are in transition times, patience...
Peace K 🪙's avatar
Peace K 🪙 8 months ago
And as the regulator increases it's control over #bitcoin, it's value as a tool for freedom, decreases. The answer is not technology. The answer is #philosophy We need an intellectual revolution. #aynrand
Jeff Booth reframes Triffin’s dilemma, extending its underlying tension into fundamental economic forces. He deserves a Nobel Prize. Read “The Price of Tomorrow”. View quoted note →
Absolutely! Plebs want P2P e-cash system to empower self sovereign individuals Orange tie Cantillonaires are lobbying for a regulated store of value that can enable a fee to build back a leveraged FIAT system in top of it We are not the same.
CASCDR's avatar
CASCDR 8 months ago
What can we do to make sure the latter wins out Jeff? I agree with starting with ourselves. What about when we've been HODLing node running transacting and orange pilling? Feels like there's more work to be done.
SMTTS's avatar
SMTTS 8 months ago
This is so true Jeff . You will know the people who really understand this can talk about BITCOIN for hours without mentioning the price .
Jonathan's avatar
Jonathan 8 months ago
Transitioning away from a society who is asset/credit wealthy to a society of wealthy value producers is going to be complete chaos as Jeff points out. I say this as fighter jets fly over my head right now like pointing a gun at other countries to convince them we are wealthy is going to still work. Americans are most scared of this transition because we are the most asset rich, and the most value poor country on the planet. View quoted note →
It would be great to see Jeff on The Joe Rogan Experience. But I have very little hope that people like Jeff gets invited. The message (the natural state of the free market is deflation, and a credit-based system cannot allow deflation) is simply too brutal for the so-called elites. And Daniel Ek (the CEO of Spotify) is a participant in the Bilderberg Meetings. So, I am pretty sure that he is against people understanding what is going on. Besides, when Joe does not get something, he just says “woah…” and starts to talk about fights between mountain gorillas and bears. So, there is a big chance that the guest would not get to explain the natural state of free market and instead is forced to speculate whether a bear could escape a gorilla’s armlock. That did not use to be the case though. Back in the day Andreas Antonopoulos was a guest on JRE a couple of times. Anyway, I do think that there are a lot of big podcasts that are trying to understand what is going on and therefore are okay with that message (the natural state of the free market is deflation, a credit-based system cannot allow it).
Thanks for the reply! Yes, I do not disagree with that. The number of people seeing the truth will grow exponentially. No question about it. But it would be great to get some help from these very big podcasts. At some point we will have new wars, pandemias, terrorist attacks etc., and then many people will be “too busy” to think about these things, because they will “need to focus on the important things that matter", like enslaving themselves. Well, there is no point in complaining. In the end, we can just do our best. I just saw this interview: …and it was easy to see that the message really started to resonate with Adam. It was a great interview! Thanks to both of you. I would tag him too, but I don’t think he is on Nostr.