Evergreen. Inaction affords no protection.

So many fell victim to structural adjustment. It’s imperative that Bitcoin’s monetary policy doesn’t change for any reason whatsoever. I’m thinking this is why Bitcoin counts down to zero, not up to 21m. To change that, it would have to start all over.

I guess my concern with lightning isn’t so much that it’s a magnet for state regulation, but that it might be easier to fuck with the monetary policy off-chain.

Getting rekt with shitcoins helps illustrate this.

Is bitcoin on the path to defunding the state? Is the money printer destined for destruction? Everything flows from that imperative

All of it is downstream. • Private payments are meaningless if your value can be confiscated through arbitrary counterfeiting. • Settlement assurances don’t exist if the supply isn’t scarce. • Ownership of a UTXO means nothing if its relative value has no guarantee whatever because the monetary unit is arbitrarily defined by some other institution. • Decentralization doesn’t matter if it doesn’t protect the rules for *what a bitcoin is.* It makes no difference if people understand it or not. It’s still the simple truth. The $100 trillion value proposition is to create a verifiable, state resistant monetary system. Literally nothing else matters, nor even works if that isn’t secured. Any particular person’s failure to understand this is irrelevant. As long as #Bitcoin continues to be 21 million, all the rest remains possible.

That said , its worth noting in a fixed supply monetary policy there is no illusion and hence ever decreasing incentive for manufacturing commodities.. price of commodities is a race to the bottom .. only through inflation you can fool people produce food and metals .. at a scale of 10 billion hungry mouths .. Sound Currencies are a way to incentivize masses do what the collective needs to survive - commodities .. keyword is #sound :-) We need both .. they balance each other - auto check mechanism - pegging helps to keep the things together ..

No way .. state is as important as individual liberty .. they can't exist without each other .. the key is finding the sweet balance ..

When I was debanked in 2010, had my passport revoked and my 6 figure trading account levied, the value of bitcoin had zero to do with monetary policy. When I was removed from the intellectual and creative pool, stripped of access to financial services, and all privileges associated with The Plantation were revoked, monetary policy was last on my mind. But you're welcome.

I've had my accounts frozen before. It sucks beyond measure. Completely unable to transact. Suddenly impoverished at the flip of a switch as if I woke up in a foreign land without access to any banking.

I really don’t think you are understanding what I’m trying to explain or I’m not properly conveying it. Nothing that you have said here contradicts what I’m explaining.

Yes, it's quite a wake up call to those who believe monetary policy is a protection. For those of us who used bitcoin to feed ourselves before any nation (the authority of monetary policies) had decided it was money, a token, a commodity, we were pretty sure on what it was: speech packets and the last bastion of secrets. The fear boys who came in post 2014 all say the same things. They just cannot stand the idea that they are not relevant.

You definitely misinterpreted what he said. He never mentioned any nation state, and the term monetary policy does not necessitate being associated with one.

You just don't it and that's ok

Get on the ark and off zero!⛵️