A symptom of late-stage monetary distortion.

Imagine a technologically advanced society in which AI and robotics take over a large share of production, from goods to services. As automation becomes more efficient and widespread, the marginal cost of producing many goods could approach zero. At the same time, human labor would become increasingly irrelevant in large parts of the economy.
In such a world, traditional price mechanisms could weaken significantly. If goods are abundant and production costs are minimal, market prices may no longer function as they do today. Money itself might lose part of its meaning, at least for everyday necessities.
I foresee a scenario in which universal basic income is implemented globally, with governments taking on a stronger role in resource distribution to maintain stability and prevent social unrest. However, truly scarce assets such as prime real estate, unique works of art and BITCOIN would likely become extremely expensive and remain concentrated in the hands of elites.
In other words, society could move toward a system that resembles a form of post-scarcity communism.

I'm orders of magnitude past that list! 🤣

The forbidden hole

Planet McPlanetface

Bitcoin only makes sense when seen as the monetary reference point. Fiat is a poor measuring stick, constantly changing and politically manipulated. Optimizing for more of it misses the point. Bitcoin isn’t a way to accumulate fiat, it’s a way out of a broken unit of account.

I agree with all of this. However, it only impacts you if fia,lt, specifically the dollar in this case, remains your center of gravity. Bitcoin isn't broken, it actually exposes how disruptive, corrupt, and artificial fiat systems can be.
Once you break free from fiat constraints, this becomes obvious. The goal isn’t to fix or reform the fiat system, but to replace it entirely.
That’s the endgame, and it’s why NGU doesn’t matter in the long run.
What matters is that people realize they’re being played and choose to opt out of the system, one person at a time, regardless of the fiat price.

Free Bitcoin??? Heck yeah!

Straight from the Bitcoin Standard

The tides are turning. Governments around the world are following Australia’s lead in banning children from social media a.k.a. “KYC social media.” The only real solution is decentralised social media, so I expect a huge influx to Nostr in the coming months and years.

We’re actually very close to agreeing and finding common ground. I’m certain we both want the same thing in the end: prosperity.
I’m simply convinced that if Bitcoin succeeds, fiat becomes irrelevant. The path toward that end goal will almost certainly include NGU, that much is clear. But in the end state, the number itself stops mattering. Bitcoin is simply better money, and at that point people would naturally switch to it and start pricing goods and services in BTC.
That’s why I say NGU isn’t the point. Once you’re convinced of Bitcoin’s end goal, the journey there will inevitably involve a USD price that goes through the roof. The only scenario where that doesn’t happen is if governments and central banks suddenly adopt sound money policies, and in my opinion, that’s not happening anytime soon.

NGU is just an intermediate step.
In a Bitcoin-only circular economy, where people earn and spend in sats, price discovery would happen naturally. There’s no need to reference USD for that, is there?
The best part is that there wouldn’t even be a need to “beat inflation,” because inflation wouldn’t exist in that system.
As I’ve said before, the ultimate end goal for Bitcoin is a fully circular Bitcoin economy where the USD, euro, or whatever fiat currency you prefer becomes irrelevant.