Was asked yesterday by some very good friends (over 20 years together) in YPO about how I would feel if Bitcoin went to zero - and as a result….i went to zero. I had to explain (again) that I can’t believe I’m lucky enough to live at this time, with all of you, and contribute to this protocol that is aligned to my beliefs. That the reason it won’t fail is the tens of thousands (and growing quickly) people like that who have also realized their agency in creating the world they want to see. But even in the unlikely event that it did fail, that I wouldn’t change a thing. What a ride and so fortunate to be creating it with you! We are so early.

Replies (61)

Benking's avatar
Benking 1 month ago
Absolutely love this! 🧡🙌 Being part of this journey with such an incredible community is what makes Bitcoin truly timeless. Here’s to staying early and building the future together! ⚡️
Chris's avatar
Chris 1 month ago
Feel the exact same buddy. Very grateful for the high signal humans and have met around the globe in just the past few years in this network. Blows me away daily! 🧡🤯🙏🏻
We are with you and every other Bitcoiner adding value to the network either by the simple act of Hodling, building on the open protocol, educating, accepting bitcoin as payment and more Ride or die! View quoted note →
To quote myself, I’d rather ride it to zero , than admit defeat and sell
This is why all-in was so easy for me. BTC aligns profit and humanitarian motives. No other investment comes close to the value proposition in either category. This is the hill to die on.
Yes, I agree. I see it from two different angles: 1.) the existing system will fail. That is 100 percent sure. The end station for that train is permission-based life where your rights are linked to your behaviour. Fascism or communism powered by AI. People live in their 15-minute smart cities (open-air prisons) and do like they are told. It’s irrelevant how much you have money, because you need a permission for everything.* 2.) Bitcoin is the total opposite. As everyone here knows #Bitcoin so well and knows how beautiful the future with Bitcoin is, I won’t talk too much about it. However, when I consider the other option (fascism / communism powered by AI) I cannot understand how Bitcoin could fail. Who the hell would want to be part of that other system… For Bitcoin to fail, the existing system would have to ramp up the brainwashing really quickly and manage to stop the spread of the freedom virus that BTC is. And I think that it’s already too late. * I believe that Elon Musk was referring to this future when he was talking about money becoming irrelevant. I don't think that he meant that when the whole planet is using Bitcoin as money (not as an asset), then you can do incredible things with just a few sats.
R's avatar
R 1 month ago
Glad to be here with you too 🚁😁
Bitcoin's design mirrors the fundamental principles of nature, where the path of least resistance is always preferred. The protocol inherently seeks to minimize entropy, conserving energy and promoting efficiency. It’s reflected in the incentivization of miners to optimize their operations, driving innovation and reducing energy consumption. Absolute testament to the wisdom of Bitcoin's design, which aligns with the natural order of things - a harmonious balance of energy and efficiency.
I wouldn't like to live in a world where bitcoin went to zero unless it was because fiat clown world fixed itself (highly unlikely). I'm with you, ride or die.
💯 The point is we HAVE the opportunity to right the wrongs of an extractive system.
Thank you @Jeff Booth for your conviction and leadership when it comes to standing for win-win agency in a world that tempts us to think win-lose or lose-win. You have helped me to be a reasonably calm leader that my little corner of the world needs to know that bitcoin can help us to unlock the full potential that we each contain. Onward!
Love your content Jeff, looking forward to see what you bring in the coming new year
Very inspiring @Jeff Booth , even if #bitcoin goes to zero, which no two trillion dollar asset ever has, the community, the lessons, and the collective innovation will live on. Bitcoin is not just a monetary network or an energy backed commodity, it is a global movement of upliftment!
Do you ever ask how they would feel if the currency they use went to 0? I've never been directly asked the specific question but in wonder if it could open a person up to reconsider their own priors
I'm just earning and spending it like money, because that's what it is. IDEK what the price per bitcoin is anymore. image
One of the greatest paradoxes of Bitcoin, is discovering that you didn't need Bitcoin to restore your own agency. While I celebrate people discovering their agency through Bitcoin, I'm glad that Bitcoin is not strictly required. Bitcoin is the hope that individual agency will be restored for all of mankind. It's the hope that we can coordinate & cooperate at scale without resorting to violence. I see no situation where this use case is depreciated to zero. It will always hold value to myself & many others who feel similarly.
Bitcoin real purchase power is the total wealth of the world divided by 21 million per unit. We just need to make it unit of account first, following such valuation, and use it in a pioneer community. And eventually no fiat price would be necessary. View quoted note →
The thing that will go to zero is the price of all goods and services on a Bitcoin Standard. We all can finally be rewarded for the great human ideas, instead of being monetarily punished for them. Thanks @Jeff Booth for all you do.
n's avatar
n 1 month ago
🫂
Creating the cold storage coordinator I want to see in this world
Bitcoin Safe's avatar Bitcoin Safe
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View quoted note →
Living on Bitcoin certainly is a better world Jeff. I know you really believe it will succeed despite the powerful forces running the fiat game. Many people would have a hard time starting over in this world especially the older Bitcoiners. Bitcoin must prevail. Thank you again for being on my podcast. I appreciate you so much⚡️🧡
Here's the interesting thing: Everybody agrees fiat is going to zero, and I mean everybody, economists, bankers, government, historians, everybody. How quickly and how dramatically can be argued over, but the important thing here is to understand the reverse question, that would make normies quake in their boots is not a hypothetical one. View quoted note →
BBG's avatar
BBG 1 month ago
To the glorious end Jeff 🫡
to be fair, as it slid from here to [some much lower price] it would feel very much like inflationary fiat, as far as price of goods and services denominated in usd goes. everything would be "getting more expensive". in reality, a pure money, with its value defined by the market, will never have a fixed price in another unit of account ("stops appreciating" / "stops dropping"). ...but 1 bitcoin = 1 bitcoin..
Fabius's avatar
Fabius 1 month ago
@Jeff Booth That's the perfect answer. The true HODL is the conviction in the protocol and the agency it gives us. If you've gained that, you can't go to zero. So lucky to be building alongside you. 🧡 View quoted note →
The reason it won’t fail is the tens of thousands..." That's the essence of the network effect and decentralized conviction. It's a shared realization, not a single point of failure. Creating it with you is the real yield. LFG! 🚀
Default avatar
Mateo 1 month ago
Almost certainly the current system is more likely to fail. But an important dynamic is that the current people in power will attempt to use power to remain in power. Bombs and bullets are curiously effective. This might not affect people who hold bitcoin, but I strongly feel that the powerful will somehow force their way in to stay at the top. I'm just not sure *how* they will do that. Hopefully not through forcing changes to the protocol, or enacting legislation outlawing bitcoin. Because if it's illegal then it becomes unpopular, and will eventually die. Then again, what do I know? Not much.
Reading this article, I’m once again struck by how tiny the probability is of living in a time where you can actually step outside fiat slavery and narrative control – and do so with open tools like Bitcoin and nostr. Stumbling onto this, recognizing it, and even helping others benefit from it is unbelievably rare and precious. Let’s use this chance.