StackSats.IO's avatar
StackSats.IO StackSatsIO@nostr.com.au 2 years ago
Jurisdictional arbitrage is one of #Bitcoin killer features. The ability to get on a plane or cross a border with your net wealth in your head and no-one else knowing what you have is massive; good luck to failing sovereigns implementing capital controls or attempting to tax the shit out of their subjects when people fully grok this.
Lau's avatar Lau
Changing the jurisdiction paradigm of ownership is an element of #bitcoin that is underestimated gravely. This aspect by itself is disruptive and will ruin politics as we know it.
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StackSats.IO's avatar
StackSats.IO StackSatsIO@nostr.com.au 0 years ago
The average person is an incredibly poor judge of risk. They overestimate remote possibilities out of fear and underestimate high probabilities because of the frame they operate in. If you told the average person during Covid they were more likely to die in a car crash than from the coof they would have rejected it despite it being true. They didn’t freak out getting behind the wheel like they do every day, but they’d disinfect their hands because experts agreed that was safe and effective despite all that shit being theatre. Information asymmetry is everywhere, Bitcoin is the best place to take advantage of it but it can be hugely beneficial in general.
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