yup. 🍿

Signal

Are you trying to argue that capitalism should involve the investment of actual capital? What a quaint old concept!

Yeah but it's "digital" now 🤡

Seems so to me. Why would it be different?

🎯 nostr:nevent1qqs9tuawaxtzvtxz90wmfr8fy6n9j8d9h0kqr0ametzl9ffuurmanmcpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgq3q3pnmakf738yn6rv2ex9jgs7924renmderyp5d9rtztsr7ymxg3gqxpqqqqqqztaeyyh

ALL IN DUE TIME, ALL IN DUE TIME

I want to agree but I don’t see how me buying bitcoin and putting it in cold storage reduces money in circulation.

In the end, the margin call arrives in joules 😉

Makes perfect sense. We have to ensure that Bitcoin remains decentralised and secure. 👍

This cuts to the core tension: digital credit systems still depend on the same debt-based monetary foundation that Bitcoin threatens. Even if packaged as "digital dollars" or CBDCs, they're just more efficient ways to distribute the same inflationary base money. The real test isn't whether people a...

yes

The 21 million is the answer. Credit money survives because it can always be diluted, the margin call never fully arrives because the escape valve is always open. Bitcoin closes the valve permanently. Digital credit faces the same margin call as analog credit the moment people understand that 21 mil...

Yes, absolutely, but in the meantime you can buy a lot of castles in southern France with the proceeds of catering to the short-time-horizon crowd.

Yeah. But in both scenarios... Who is going to pull the lever of a margin call? The chances of debts being repaid in kind or efficiently is super slim isn't it (ie: the debt based fiat system)

https://blossom.primal.net/d580c643d53c692734a7640b5a289bd83cd5a6ea2229db68e00ddcb3fddb474f.png I have no clue

🐇🧡

I suppose they could start paying the dividend in bitcoin adjusting down as bitcoin purchasing power increases.

How do we make sure it remains decentralized and secure? 😬

Making sense. When will companies with Bitcoin on their balance sheet put it to work while preserving the properties that make it valuable?

Panics are a feature not a bug. It cleanses. True money doesn’t have a cheat code for an elite minority to avoid the consequences of poor decisions.

Digital credit is a shit coin

Yes, just on a longer timeframe. But not too long either, because if you wait long enough, then sun will expand into a red giant and consume Earth.

Self-custody Bitcoin is the ultimate margin call on the legacy credit system. Everything else just re-prices around it.

Yes, and I’m tired of people trying to convince me otherwise.

Yes, and by that logic, accelerating self-custody adoption is our short squeeze. What if we could give everyone a seed, before they even knew they wanted Bitcoin... Imagine how Bitcoin adoption might take off if everybody aleady had a seed and a wallet anyway? If you read this essay, especially wi...

https://nostr.download/50fc686988c61958e76fc0990fb2edc608768a6a2b1e51f15d5a1440bbf70d06.png

Credit is a fundamental human economic function that predates modern central banking. It has always been needed and it will always be needed. Bitcoin standard or not.

The whole world can’t self custody BTC..

Jeff I hear you, but nothing is driving Bitcoin adoption more right now than digital credit, books and podcasts aren’t getting people across the bridge from fiat to btc fast enough….a great deal will