jack mallers on nostr

Open in Damus

@jack mallers 1761153530

Bitcoin is better money than gold. The simplest ye most overlooked reason: scarcity.

Gold’s supply is elastic. As price rises, so does supply. A bet on gold is a bet against human ingenuity. A bet against our ability to engineer more gold.

I don’t want to bet against Elon to store my hard work.

Bitcoin fixes this. It's finite. A bet on humanity, not a bet against it.

1919❤️63🤙9❤️2💯2:fire:1⚡1

Gold is not scarce. It is extremely abundant throughout the world. We’ve likely only dug up 5% of it at most. That’s how insanely abundant Gold is. If my theory is correct (and my friend ChatGPT fully agrees it likely is), then there are absolutely Gold-rich regions around the world that are b...

El presidente Eloy Musketti · 21w

Whats scarcity withou t transportability?

Aar 🏴󠁧󠁢󠁷󠁬󠁳󠁿 · 21w

What did Jack mean when he said "I don’t want to bet against Elon to store my hard work."?

Vincent Anton · 21w

Meanwhile I’m sitting here thinking if I melt down my “silverware” I will be in the hole for the cost to burn hot enough to melt steel. 🥵

Elon is nothing without the engineers working for him. His rise was entirely facilitated by govt handouts orchestrated by the PayPal mafia. On a level playing field, I’d bet against him

Humanity has been mining gold for millenia, right? Actually we started mining significant amounts of gold only a few decades ago! --> Gold supply growth: massively long! https://elements.visualcapitalist.com/wp-content/uploads/2023/04/200-Years-of-Global-Gold-Production.jpg https://elements.visu...

rafael_xmr · 21w

your dad was teaching you about fungibility

nostrich · 21w

KYC makes any money social credit. So as long as your company does not provide KYC free services you are a hypocrite of epic proportions. Not to speak about fungibility, which is an essential requisite of money that gold, cash and Monero have but not Bitcoin. There are trade offs. You choose aud...

Adam Dunlap ⚡️ · 21w

It’s a tough debate. I think it’s best better feature is because it’s auditable. Because if it was scarce but not auditable then it would outcompete like gold does to silver, but it wouldn’t trounce it. If there was a gold mirror that was auditable then that is already 10x better than gold. ...

We know it , you know it & I know but???

Latest Popular Mechanics article🤣 https://blossom.primal.net/f6c73fba35e83b6262ac21b97b675759a866f96294fbb472173efd96046f9bf2.jpg

da fuk? why is mallers making gold FUD? "gold is short human ingenuity because Elon will just fly to Mars" is right up there with "Bitcoin is insecure because quantum computers"

Scarcity that respects human ingenuity. Hodl strong!

Tesi Cypher Painter · 21w

Love these short videos tho. Very useful to 🍊💊