This is simply a fundemental misunderstanding of money. "Cash" is currency. Currency does not have final settlement. Currency is a coupon backed by money. Bitcoin is money not a currency. Lightning is a currency. Money scales in Layers, layer 1 is the asset, layer 2 is a coupon backed by layer 1, layer 3 is credit backed by layer 2.
Bitcoin being digital gold is not going to price anyone out. It simply sets the ruler by which value is measured. Having a currency that can't keep up with market velocity LITERALLY means the currency has failed. And if jack (nprofile…67ea) thinks approximately 5000 transactions max per 10 minutes can make the world run he is either ignorant or naïve. Please read some books on Austrian schools of thoughts on economics. Particularly surrounding sound money.
JackTheMimic
npub1m5…2glzq
2025-01-16 21:44:44
in reply to nevent1q…086c
Author Public Key
npub1m50e65pv09ga73lglrkjgh5tlgj006pv9rce8xdg7rn5kps38gssh2glzqPublished at
2025-01-16 21:44:44Event JSON
{
"id": "792d3dace04fb311fb7883b4b532249f2b60de8a19af95047f7c94cf7c135373",
"pubkey": "dd1f9d502c7951df47e8f8ed245e8bfa24f7e82c28f19399a8f0e74b06113a21",
"created_at": 1737063884,
"kind": 1,
"tags": [
[
"e",
"505c217117a8524f578d2aaf561432fa31a2b44cbb90cdca8b7605f70520dba7",
"",
"root"
],
[
"p",
"82341f882b6eabcd2ba7f1ef90aad961cf074af15b9ef44a09f9d2a8fbfbe6a2",
"",
"mention"
],
[
"p",
"83e818dfbeccea56b0f551576b3fd39a7a50e1d8159343500368fa085ccd964b"
],
[
"p",
"e07bfc04ea87c72a9185b0891f055361e6492f259f81247683d6c9ccb2b651ed"
]
],
"content": "This is simply a fundemental misunderstanding of money. \"Cash\" is currency. Currency does not have final settlement. Currency is a coupon backed by money. Bitcoin is money not a currency. Lightning is a currency. Money scales in Layers, layer 1 is the asset, layer 2 is a coupon backed by layer 1, layer 3 is credit backed by layer 2. \n\nBitcoin being digital gold is not going to price anyone out. It simply sets the ruler by which value is measured. Having a currency that can't keep up with market velocity LITERALLY means the currency has failed. And if nostr:nprofile1qqsgydql3q4ka27d9wnlrmus4tvkrnc8ftc4h8h5fgyln54gl0a7dgsprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qy28wumn8ghj7un9d3shjtnyv9kh2uewd9hszrthwden5te0dehhxtnvdakqc267ea thinks approximately 5000 transactions max per 10 minutes can make the world run he is either ignorant or naïve. Please read some books on Austrian schools of thoughts on economics. Particularly surrounding sound money.",
"sig": "b8c36055e2751c4747cd5cc53b656026ed606267f03ee2d1b7213b426ee982e3a881bb4d874733361d7839b183aa75bec933847bbbec61e940e24b93ba87d836"
}