Replies (28)
🧡🧡
Namaste
🫶
Truth my man 🤙🏽
Jeff casually dropping truth bombs
Purchase by power of bitcoin still needs to increase over time. Time afforded per bitcoin is the right measure…and that measure will vary from person to person.
But NGU (time afforded/bitcoin) has to keep going up and still needs to go up exponentially at this level of adoption.
It might be easy for those who have already experienced the NGU windfall to discount the importance of NGU but I can assure you that for those of us yet to experience a bull market windfall, it is still incredibly important.
the most powerful and terrifying revelation is that each person chooses 1 or 2.
the world doesn’t choose for you.
each person lays claim to their sovereignty or surrenders it.
3) Skynet becomes activated and kills us all to protect us all and the network.
Truth 🫡
Bitcoin or slavery... I choose the former
Whoever controls the money, controls the AI
Bitcoin gives money back to the people
It's interesting how AI stands out as a unique consumer product, mirroring the trust dynamics of money technology.
Funny to think that all the AI bros who want to disrupt everything never think AI will disrupt their AI.
www.pricedinbitcoin21.com
I think you’ve missed his point.
The purchasing power going up is measuring the world in bitcoin
Ngu is measuring the world in dollars
One leads to abundance the other to control.
I think you’ve missed my point. I explicitly state NGU is measured as time stored per bitcoin. That metric is purchasing power and has nothing to do with dollars or any other fiat measure. It has to do with how much productivity is stored per bitcoin. That has to go up, forever AND - at this stage - it has to go up quite a lot to compensate for the risks taken.
Jeff good friend please help me to measure the world and life in Bitcoin. I’m struggling with this, some tips, guidelines etc 🙏
Any tips on how to measure the world in bitcoin vs NGU dollar metric? How can I for example look at a carton of milk and say that’s 100 sats, when the only way (currently) is to find the price of the milk in dollars and do the conversion?
People give the example of a house getting cheaper in sats, but they’re only figuring that out by looking at the house’s current dollar value and then at bitcoins’ and saying that’s x sats now.
Seems like the only way to “see” any of this is by doing the conversion of dollars (or euros) etc.
Yes your use of ngunwad weird and itnconfused me
Being so eager for exponential gains might be a sign you don't fully see that there is no other system that captures the productivity. The risks are the lowest its ever been. This is a safe heaven asset.
Yeah I do the conversion too I think the insight is to see the bitcoin as the measuring stick that doesn't change
Fundamentally its all relative and prices are just ratios of how much of 1 good is in terms of another like a car is 1/10th of a house. The dollar is just a easier way to do that calculation
Bitcoin is being able to do that calcution without the distortions from money printing
I think its most useful and or obvious for pricing things across time.
That ratio of car to home in 20 years in USD terms might be 1/20because houses capture more of the monetary premium. Essentially distorting the price of the house from its utility value
In bitcoin if the ratio changes you know its from changes in the supply demand dynamics of houses vs cars
If that makes sense
It’s measured in productive time. How many years labor? Or oz gold? Or certain type of house. But ultimately it is a measure of productivity stored in bitcoin.
(GDP + historical capital asset value) / 21M bitcoin
It’s very difficult to live on a bitcoin standard currently when everything is priced in fiat..
I've been listening, Jeff, even if I haven't really understood until the evidence was in clear sight.
#DeepSeek
Stupids thing I have read in a while - Hawley was always suspect - he’s stupid.
So early last year my guitars were about 0.12btc and now more like 0.08 BTC, I can see it I'm my own production and as competitors scramble to raise prices to deal with rising costs I can stay put knowing that if I exchange the government issued "bits of paper" into BTC I can maintain this price and offer better value.#nistr #guutarmakee #bespokeguutars #acousticguutars #luthier
Doesn’t mean they won’t try, Thiel in particular has been pretty clear about his monopolistic intentions and distain for competition.
YT helps
