"You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”
– Buckminster Fuller
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Yes!
Wisdom forgotten by those stuck in old systems.
If you are interested in hearing npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe and Makoto Shibuya explore the connections between Buckminster and #Bitcoin, check this out: https://www.youtube.com/watch?v=Hy0Px_RGMLM
This is why I love Nostr. Every day something new. Never heard of Buckminster Fuller, I know, my bad. Now I have to go through another rabbit hole
I will add here that Makoto Shibuya published an interesting blog post ("Spend vs Use Real Wealth") on this topic. Read it here: https://www.makotoshibuya.com/post/spend-vs-use-real-wealth
The idea is that you cannot spend #Bitcoin, you can only use it.
Quotes from the text:
- Nominally, the number of bitcoins you hold decreases as you exchange them for value. But when you take a look under the hood, something else is happening. Bitcoin priced in dollars is a reflection of the purchasing power of your bitcoin; it represents how many dollars you can buy with bitcoin. As you exchange part of your bitcoin stack for value, the purchasing power of your remaining bitcoin is actually increasing.
- So, while you can "spend" Fiat currencies like the dollar, You can't "spend" Bitcoin because the act of using it, in turn, increases your purchasing power.
- Yes, you should save in Bitcoin, but you don't need to hold on for dear life. HODLing your bitcoin doesn't increase its value; exchanging it for true value does.
"The short successes that can be gained in a brief time and without difficulty, are not worth much."
-- Henry Ford
My favourite quote!!
Hands down my favorite Bucky quote 🙏 Dialed in.