@relojito
I want to build the circular economy before fiat finance gobbles up the cheap sats
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Recent Notes
Who here read David Graeber's "Debt: The First 5000 Years?"
I'm curious what peoples' thoughts on it. I already have my own thoughts on it, but for something I'm working on I'm interested in hearing ...
I read it. What I liked: dismantling the Econ 101 myth of "in the beginning, there was barter everywhere". I think it fell short on many fronts. It could have gone deeper on the idea of the necessity of "measuring" as a precondition for trade, especially between people who don't have a lasting relationship. And of course I wish it had considered the incredible breakthrough that is Bitcoin. Don't regret reading, but not many eye opening ideas for me. Did you like it?
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To everyone fleeing the fiat house of cards and the altcoin smoke and mirrors: welcome to hard money.
That being said, you're not getting my coins. Find them somewhere else.
That being said, you're not getting my coins. Find them somewhere else.
If the turmoil in fiat banking continues, companies could start keeping some Bitcoin for emergency payments. But employees don't want to get paid in money with complicated tax implications. So there will be a powerful group who will want those weird tax implications ended. Imagine that.
I think a bunch of degen crypto traders got spooked with their money trapped in exchanges that are getting gradually debanked in a scary weekend. So they scurried to Bitcoin to preserve capital, maybe with the intention of cashing out later when things settle. I suspect that's the reason for the recent price spike. But think about it: this is exactly what Bitcoin was made for. Maybe for a few of them, the point will sink in. Welcome to hard money you can't fuck with. Stay awhile, see if you like it.
I feel like if you write a book about Bitcoin you should find a way to accept payment in Bitcoin for your book about Bitcoin. I know there are "obstacles". But if you're not trying to figure that out, what are we doing here?
I'm not usually a price watcher, but I must say, it warms my heart seeing that bank runs and altcoin nonsense are causing a flight to safety towards Bitcoin. This is what it was made for, so pretty
I kind of like Bitcoin at 20k, makes all my mental calculations so easy, 5k sats one dollar. I will miss it.
Bitcoin's second layer: lightning, so pure, so fast, so perfect.
Fiat's second layer: the banking system. Yes, that one. The crumbling one.
Allocate risk accordingly.
Fiat's second layer: the banking system. Yes, that one. The crumbling one.
Allocate risk accordingly.
Tick tock next block. Forget them nonsense ponzi peddlers. Build on Bitcoin, spend in Bitcoin, circulate. Whatever you're selling, accept Bitcoin. Whatever you're buying, try to get them to accept Bitcoin. It's never been easier than now. Keep hodling, but also spend. Grow the economy. Tick tock.
I mean, I get that it would increase the Bitcoin price. But what I would like to see is Bitcoin adoption. An ETF doesn't do this. As usual, I'm willing to change my mind.