๐ฏ @Jeff Booth once told me that fiat money is a zero-sum game.
For someone to win, someone else has to lose, because the system runs on extraction.
But Bitcoin, he said, is a game of cooperative competitiveness.
We still compete, fiercely, but on top of a settlement layer where nobody can cheat.
So competition creates value instead of extracting it.
And Jeff's deeper point is that this doesn't even require your agreement.
The cooperative system gets imposed on you, because staying outside it means getting slowly repriced anyway.
For someone to win, someone else has to lose, because the system runs on extraction.
But Bitcoin, he said, is a game of cooperative competitiveness.
We still compete, fiercely, but on top of a settlement layer where nobody can cheat.
So competition creates value instead of extracting it.
And Jeff's deeper point is that this doesn't even require your agreement.
The cooperative system gets imposed on you, because staying outside it means getting slowly repriced anyway.
โค๏ธ3๐1