@rlskkn
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Recent Notes
Someone asked me today “what is the point of Bitcoin?”
How would you respond in one sentence without using any technical jargon, buzzwords, or clichés?
Doesn’t it all boil down to “Seperation of money and state!”
The purchasing power of your money, on a Bitcoin standard, should forever go up as the price of everything you want to purchase comes down. So as your stash of Satoshis increase as you save across tim...
I’m thinking of people who live from paycheck to paycheck.
If I am understanding correctly, also for them daily living will gradually become cheaper, as wages decrease slower then prices. Purchasing power goes up.
So, even if they have no opportunity to save today, they might be able next year. And gradually the available amount to save will increase, next to the purchasing power of what is already saved.
It sounds like a hopeful future for everyone. Is it realistic to think this will ever happen?
If I listen to Michael Saylor for example, he seems to approach Bitcoin only from the fiat perspective. As of like Bitcoin will always be part of an inflationary world.
Maybe this was not the initial utopian idea behind Bitcoin, but as of things are developing right now (with Microstrategy, the Blackrock’s and government stashing BTC’s), this seems to be a more realistic scenario than a deflationary future.
I’d love to hear your thoughts about this.
Thnx
If I am understanding correctly, also for them daily living will gradually become cheaper, as wages decrease slower then prices. Purchasing power goes up.
So, even if they have no opportunity to save today, they might be able next year. And gradually the available amount to save will increase, next to the purchasing power of what is already saved.
It sounds like a hopeful future for everyone. Is it realistic to think this will ever happen?
If I listen to Michael Saylor for example, he seems to approach Bitcoin only from the fiat perspective. As of like Bitcoin will always be part of an inflationary world.
Maybe this was not the initial utopian idea behind Bitcoin, but as of things are developing right now (with Microstrategy, the Blackrock’s and government stashing BTC’s), this seems to be a more realistic scenario than a deflationary future.
I’d love to hear your thoughts about this.
Thnx
1
I’m hoping your new book addresses the paradigm shift required?
I was writing about Bitcoin vs Real Estate the other day. Real Estate being my background and I was musing over if the ‘relatively ...
Question. I follow your reasoning. This means that the effect of living in a deflationary world for many people will be that it is harder to buy a house.
Maybe some will not be able to put enough money aside to ever own a house or other luxury assets, while living on a minimum wage!for example.
Does a deflationary world have a solution for this?
Maybe some will not be able to put enough money aside to ever own a house or other luxury assets, while living on a minimum wage!for example.
Does a deflationary world have a solution for this?
2
Hello Robbert, thanks for your message. Currently in your setup, when users zap your notes it will be received to your fountain address. Unfortunately, inside the Primal wallet we do not support addre...
Hi Marko, one more question. Of I encounter issues with Primal, how do I reach support? Or should I just create posts like the one you replied on?
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‼️This is how Bitcoin-backed loans will take over the financial system by reducing the "risk and volatility" for pension plans. WATCH👇
Hi, new to Nostr and still need a lot to learn.
Started using Primal a week ago and changed my lightning address in my profile.
However when I switch to the wallet tab the original lightning address is still displayed.
I added three screenshots that show the different places of the different lightning addresses in my Primal app.
I hope anyone can help me to clear this up
Started using Primal a week ago and changed my lightning address in my profile.
However when I switch to the wallet tab the original lightning address is still displayed.
I added three screenshots that show the different places of the different lightning addresses in my Primal app.
I hope anyone can help me to clear this up
3