B1tR0y on Nostr: Random #bitcoin ponderings of the day: That day that threshold of the masses finally ...
Random #bitcoin ponderings of the day:
That day that threshold of the masses finally wake up and realize that fiat is utterly worthless, everything goes to infinity vs any fiat currency. The question really comes down to why does #bitcoin makes sense to step in to fill that void as SoV, MoE, and ultimately UoA (in that order). To me it's because #bitcoin is IMO absolutely superior to fiat (or government backed currencies of any kind) due to its follow properties:
- Being as decentralized as possible.
- Removing the politics out of currency and the ability to weaponize said currency.
- Impossible to debase.
- Fully auditable for anyone with a computer and internet connection who runs their own node.
- Censorship and confiscation resistant (especially if you roll your own entropy /BIP 39 seed offline and use your own node only sending PSBTs)
- Impervious to Counterfeiting.
- Can be stored in one's 🧠
- Is allowed to exist and thrive in the USA which has the current world reserve currency (just think about that).
- Plebs beat #tradfi in terms of acquiring the bulk of the asset and a large amount of them (IMO) are idealogicaly opposed to trading back to fiat currency (except as absolutely necessary) as they see it for what it is really about - the separation of state (all nations) from their monopoly on currency.
Published at
2023-07-21 14:39:48Event JSON
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"content": "Random #bitcoin ponderings of the day:\n\nThat day that threshold of the masses finally wake up and realize that fiat is utterly worthless, everything goes to infinity vs any fiat currency. The question really comes down to why does #bitcoin makes sense to step in to fill that void as SoV, MoE, and ultimately UoA (in that order). To me it's because #bitcoin is IMO absolutely superior to fiat (or government backed currencies of any kind) due to its follow properties:\n\n- Being as decentralized as possible. \n\n- Removing the politics out of currency and the ability to weaponize said currency. \n\n- Impossible to debase. \n\n- Fully auditable for anyone with a computer and internet connection who runs their own node. \n\n- Censorship and confiscation resistant (especially if you roll your own entropy /BIP 39 seed offline and use your own node only sending PSBTs) \n\n- Impervious to Counterfeiting. \n\n- Can be stored in one's 🧠 \n\n- Is allowed to exist and thrive in the USA which has the current world reserve currency (just think about that). \n\n- Plebs beat #tradfi in terms of acquiring the bulk of the asset and a large amount of them (IMO) are idealogicaly opposed to trading back to fiat currency (except as absolutely necessary) as they see it for what it is really about - the separation of state (all nations) from their monopoly on currency. \n\n\n\n\n\n\nhttps://cdn.nostr.build/i/9aebd8e0d77fc3f4347f8aaaedc5e16d400cdf3be96686acb18bc62e4e691a45.jpg",
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