FinancialJackass on Nostr: 🧵 1/4🧵 #Bitcoin Schelling Point - “A solution people choose, by default, in ...
🧵 1/4🧵 #Bitcoin Schelling Point - “A solution people choose, by default, in the absence of communication”
Most basic observation - people choose and assume their local government currency is the only option for saving their wealth. In reality, primarily in western societies, especially in USA, civilians don’t look for another option. Or are completely ignorant of other savings vehicles. Only because there is a total lack of communication and education. #btcÂ
2/4 Basic game theory with schelling point - if you ask multiple people to meet at a park without cell phones or a previously centralized meeting point. Each individual will assume where the others would meet.
If this park had a single enormous tree, on a hill, each person would likely start at the tree in their search for each other.
#nostr #plebs
Game theory continued :
3/4 Let’s say each of the previously mentioned people are level 0 players. If a level 1 player entered, 1 would assume 0’s will start at the tree, so 1’s would start on the edge. 2’s would assume where 0 and 1’s would start so they would choose mid field. Etc…. Now how this ties into bitcoin .. #crypto #money
4/4
Level 0 players are people who trust their government currencies only because they have never asked, “why?”
Level 1 are people who choose to invest in alternative wealth preservation vehicles. Stocks, bonds, housing, etc…
Levels progress only when communication barriers are broken and when the question “why?” Is answered.
Currently in time, I believe the highest level are those who truly understand #bitcoin #btc . Which is rare, even in the bitcoin community. Most people who own don’t understand.
What do you think ?
Published at
2023-11-13 18:29:05Event JSON
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"content": "🧵 1/4🧵 #Bitcoin Schelling Point - “A solution people choose, by default, in the absence of communication” \n\nMost basic observation - people choose and assume their local government currency is the only option for saving their wealth. In reality, primarily in western societies, especially in USA, civilians don’t look for another option. Or are completely ignorant of other savings vehicles. Only because there is a total lack of communication and education. #btc \n\n2/4 Basic game theory with schelling point - if you ask multiple people to meet at a park without cell phones or a previously centralized meeting point. Each individual will assume where the others would meet. \n\nIf this park had a single enormous tree, on a hill, each person would likely start at the tree in their search for each other. \n\n#nostr #plebs \n\nGame theory continued : \n\n3/4 Let’s say each of the previously mentioned people are level 0 players. If a level 1 player entered, 1 would assume 0’s will start at the tree, so 1’s would start on the edge. 2’s would assume where 0 and 1’s would start so they would choose mid field. Etc…. Now how this ties into bitcoin .. #crypto #money \n\n\n4/4 \n\nLevel 0 players are people who trust their government currencies only because they have never asked, “why?” \n\nLevel 1 are people who choose to invest in alternative wealth preservation vehicles. Stocks, bonds, housing, etc… \n\nLevels progress only when communication barriers are broken and when the question “why?” Is answered. \n\nCurrently in time, I believe the highest level are those who truly understand #bitcoin #btc . Which is rare, even in the bitcoin community. Most people who own don’t understand. \n\nWhat do you think ? https://image.nostr.build/ebe4764a22390426888a5f0ba3fc4cf11ecb47dcb504ca79014d602d2d60b102.jpg ",
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