@emcot
Bitcoin = fgu
No relay list published yet.
Recent Notes
A lot of bitcoiners are excited for RFK Jr., but one glaring reason to not vote for him is his hostile stance towards nuclear. Vivek’s messaging around “unleashing American energy production” and “abolishing the 4th branch of government (administrative state)” aligns better with the pro-nuclear movement. Vivek is not as sharp as RFK Jr. on messaging around bitcoin, but I believe clarity on nuclear energy is a more pressing short term need for our country.
Boom. My new book, Broken Money, is now available on Amazon:
https://www.amazon.com/dp/B0CG83QBJ6
I will formally announce it later today, so I guess this is the initial Nostr exclusive. It’s not ...
Ordered! Thank you for all the great work you do, Lyn. 🙏🧡🍻
Social consensus on the finite scarcity of bitcoin will persist over time because of human nature. Greed.
Suggesting an arbitrary inflation rate does two things: 1) shows you don’t respect the gift of perfect scarcity. We now have a definition of value that will not change over time- as with distance, temperature, weight…
And 2) that “fair” distribution can be anything but Discovery -> Extraction/Production -> Market Fit over Time. How does something distribute otherwise? Subjective intervention, sure. But there is nothing “fair” about that.
Suggesting an arbitrary inflation rate does two things: 1) shows you don’t respect the gift of perfect scarcity. We now have a definition of value that will not change over time- as with distance, temperature, weight…
And 2) that “fair” distribution can be anything but Discovery -> Extraction/Production -> Market Fit over Time. How does something distribute otherwise? Subjective intervention, sure. But there is nothing “fair” about that.
Bitcoin distribution will trend towards those who work for it. Rich people need to pay for stuff, and their wealth will distribute over time. If they simultaneously provide surplus value and earn more...
I was pondering distribution yesterday too.
@nostrich
@nostrich
Bitcoin distribution will trend towards those who work for it. Rich people need to pay for stuff, and their wealth will distribute over time. If they simultaneously provide surplus value and earn more and get richer, good for them.
Successful family businesses or estates typically fail in three generations because by the third, those grandkids are net sellers of value into the world. The same will be true for huge HODLed stacks. HODLers are important for this first generation of bitcoiners because ngu matters for growth. The HODL meme dies a little every day as more humans choose bitcoin.
Successful family businesses or estates typically fail in three generations because by the third, those grandkids are net sellers of value into the world. The same will be true for huge HODLed stacks. HODLers are important for this first generation of bitcoiners because ngu matters for growth. The HODL meme dies a little every day as more humans choose bitcoin.