In developed markets, a lot of people wonder why they need bitcoin. Their payment systems work fine, inflation is usually in the single digits, etc. Instabilities are building up but they don’t see them, so they don’t perceive an immediate need for it. And because they have trouble seeing through other perspectives, they wonder why anyone would care about bitcoin.
In developing countries, at least the tech savvy ones, people get it faster. You don’t have to explain to an Argentinian why the peso is a disaster. They understand bitcoins and dollar stablecoins right away.
As today shows, the same is true for Nostr. When centralized platforms work “well enough” then Nostr is just an interesting techie protocol. Tech people see the power but most prople wonder why they need it.
But when centralized platforms make major errors, perform major censorship, or otherwise drop the ball, suddenly that open aspect becomes appreciated again. When people feel cucked by some central authority changing the rules on them, they go elsewhere.
Bitcoin and Nostr are hedges against clown world. The more problems that occur with centralized money or centralized communication, the more valuable Bitcoin and Nostr become.
LynAlden / Lyn Alden
npub1a2…cw83a
2023-07-01 22:44:31
Author Public Key
npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83aPublished at
2023-07-01 22:44:31Event JSON
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"id": "eae67074b0602723a6a57aee07c729149fdbb68761aac19ac637f5de109b06eb",
"pubkey": "eab0e756d32b80bcd464f3d844b8040303075a13eabc3599a762c9ac7ab91f4f",
"created_at": 1688251471,
"kind": 1,
"tags": [],
"content": "In developed markets, a lot of people wonder why they need bitcoin. Their payment systems work fine, inflation is usually in the single digits, etc. Instabilities are building up but they don’t see them, so they don’t perceive an immediate need for it. And because they have trouble seeing through other perspectives, they wonder why anyone would care about bitcoin.\n\nIn developing countries, at least the tech savvy ones, people get it faster. You don’t have to explain to an Argentinian why the peso is a disaster. They understand bitcoins and dollar stablecoins right away.\n\nAs today shows, the same is true for Nostr. When centralized platforms work “well enough” then Nostr is just an interesting techie protocol. Tech people see the power but most prople wonder why they need it.\n\nBut when centralized platforms make major errors, perform major censorship, or otherwise drop the ball, suddenly that open aspect becomes appreciated again. When people feel cucked by some central authority changing the rules on them, they go elsewhere.\n\nBitcoin and Nostr are hedges against clown world. The more problems that occur with centralized money or centralized communication, the more valuable Bitcoin and Nostr become.",
"sig": "0225996bbb6b06f90f23563be9a7df83a4c11f546bba8dc442a85aba640b218bdad6afef21e3573669f6d0357997fdb1ee09bd9125987cb2e39f210086714842"
}