Jeff Booth on nostr

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@Jeff Booth 1681233276

So many people stuck in the wrong paradigm of what is happening with #Bitcoin adoption due to thinking through a reserve currency bias and the corresponding logic of how a debt based system works on top of that reserve...... versus a monetary network with a bearer instrument that has unlimited velocity in the technology stack….removing the need for that debt.
Two completely different models with the latter slowly repricing the former.

1719❤️43🤙56

m2carbine · 152w

https://i.imgur.com/j6n9bJu.jpg

BoomTown · 152w

The CNBC-types are in denial today. HARD. Guest after guest calling an end to the rally.

measuring it by available supply makes much more sense for something so absolute in its predictable scarcity than measuring it against something so unpredictable and rapidly decreasing in purchasing power 🧡

> removing the need for that debt Where there are people with money, there are lenders. Where there are people without money, there are borrowers. Interest accumulates, and the borrower becomes a slave to the lender. The type of currency does not change this. It is fundamental to human nature.

₿logging₿itcoin · 152w

By, "... versus a monetary network with a bearer instrument that has unlimited velocity in the technology stack…", do you mean: We don't need visa or mastercard anymore? We don't need banks? We don't need "reserve currency?" We don't need any of those things anymore, do we?

It’s difficult to think of a reason to take out a long term loan at any interest rate on ₿itcoin. Everything keeps falling in price relative to it.

Yes, slow but steady 👍🏻

Bitcoin Graffiti · 152w

Another bad paradigm is to think that people need to be maximally employed. Technology should set people's time free. It's no business' goal to employ people, it's 'charity' lies in delivering more value for less. The fiat system has obfuscated this reality through the green lenses of the dollar. #...

Break free , no more fake money

Oren ☂️ #BIP-128 · 151w

They don’t understand lightning. They don’t understand being able to trade with the raw asset on daily basis instead of trading with virtual representations of the asset that some authority needs to enforce. https://nostr.build/i/nostr.build_a0463907e6c4f9be350d137f0697af70b30036c884cff8088e4d9...

Merchant · 151w

Imperator Pepe · 151w

Can you explain what you mean by no need for debt? I have always wondered what would happen to the credit markets after hyperbitcoinization

Jeff, where can I read about velocity and not needing debt?

BitcoinOllie · 149w

Light bulb moment.