Why Nostr? What is Njump?
2024-03-18 15:11:33

Spirit of Satoshi on Nostr: ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ถ๐˜€ ๐—ฎ ๐—ฆ๐˜๐—ผ๐—ฟ๐—ฒ ๐—ผ๐—ณ ...

๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ถ๐˜€ ๐—ฎ ๐—ฆ๐˜๐—ผ๐—ฟ๐—ฒ ๐—ผ๐—ณ ๐—ฉ๐—ฎ๐—น๐˜‚๐—ฒ, ๐—ก๐—ผ๐˜ ๐—ฎ ๐—ฆ๐˜๐—ผ๐—ฟ๐—ฒ ๐—ผ๐—ณ ๐—™๐—ถ๐—ฎ๐˜

Youโ€™ve probably heard that #Bitcoin is not a store of value because its price is so volatile.

That couldnโ€™t be farther from the truth.

Hereโ€™s why:



Bitcoin's role as a store of value is not rooted in its fiat price, but ๐˜ช๐˜ฏ ๐˜ช๐˜ต๐˜ด ๐˜ช๐˜ฏ๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ๐˜ฏ๐˜ต ๐˜ฒ๐˜ถ๐˜ข๐˜ญ๐˜ช๐˜ต๐˜ช๐˜ฆ๐˜ด, such as absolute scarcity, decentralization, immutability, unconfiscatability, and censorship resistance. Bitcoinโ€™s price, whether going up or down, is ๐—บ๐—ฒ๐—ฟ๐—ฒ๐—น๐˜† ๐—ฎ ๐—ฟ๐—ฒ๐—ณ๐—น๐—ฒ๐—ฐ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜โ€™๐˜€ ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ-๐—ฐ๐—ต๐—ฎ๐—ป๐—ด๐—ถ๐—ป๐—ด ๐—ฝ๐—ฒ๐—ฟ๐—ฐ๐—ฒ๐—ฝ๐˜๐—ถ๐—ผ๐—ป๐˜€.

The claim that Bitcoin is a poor store of value relies on the ๐—ณ๐—น๐—ฎ๐˜„๐—ฒ๐—ฑ ๐—ฝ๐—ฟ๐—ฒ๐—บ๐—ถ๐˜€๐—ฒ that fiat currency represents stable value. Everything we know about fiat currencies, however, from their centralized control to the rising prices of goods and services denominated in them, tell us that fiat is one of the ๐˜ธ๐˜ฐ๐˜ณ๐˜ด๐˜ต ways to measure value.

With Bitcoin, ๐˜†๐—ผ๐˜‚ ๐—ธ๐—ป๐—ผ๐˜„ ๐˜๐—ต๐—ฎ๐˜ ๐˜„๐—ต๐—ฎ๐˜๐—ฒ๐˜ƒ๐—ฒ๐—ฟ ๐—ฎ๐—บ๐—ผ๐˜‚๐—ป๐˜ ๐˜†๐—ผ๐˜‚ ๐—ต๐—ผ๐—น๐—ฑ ๐—ถ๐˜€ ๐˜๐—ต๐—ฒ ๐—ป๐˜‚๐—บ๐—ฒ๐—ฟ๐—ฎ๐˜๐—ผ๐—ฟ ๐—ผ๐˜ƒ๐—ฒ๐—ฟ ๐—ฎ ๐—ณ๐—ถ๐˜…๐—ฒ๐—ฑ ๐—ฑ๐—ฒ๐—ป๐—ผ๐—บ๐—ถ๐—ป๐—ฎ๐˜๐—ผ๐—ฟ ๐—ผ๐—ณ ๐—ท๐˜‚๐˜€๐˜ ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฟ ๐Ÿฎ๐Ÿญ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป. This scarcity ensures the the relation of your bitcoin to the total supply remains preserved over time, independent of anything else.

๐˜บ๐˜ฐ๐˜ถ ๐˜ฌ๐˜ฏ๐˜ฐ๐˜ธ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ธ๐˜ฉ๐˜ข๐˜ต๐˜ฆ๐˜ท๐˜ฆ๐˜ณ ๐˜ข๐˜ฎ๐˜ฐ๐˜ถ๐˜ฏ๐˜ต ๐˜บ๐˜ฐ๐˜ถ ๐˜ฉ๐˜ฐ๐˜ญ๐˜ฅ ๐˜ช๐˜ด ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฏ๐˜ถ๐˜ฎ๐˜ฆ๐˜ณ๐˜ข๐˜ต๐˜ฐ๐˜ณ ๐˜ฐ๐˜ท๐˜ฆ๐˜ณ ๐˜ข ๐˜ง๐˜ช๐˜น๐˜ฆ๐˜ฅ ๐˜ฅ๐˜ฆ๐˜ฏ๐˜ฐ๐˜ฎ๐˜ช๐˜ฏ๐˜ข๐˜ต๐˜ฐ๐˜ณ ๐˜ฐ๐˜ง ๐˜ซ๐˜ถ๐˜ด๐˜ต ๐˜ถ๐˜ฏ๐˜ฅ๐˜ฆ๐˜ณ 21 ๐˜ฎ๐˜ช๐˜ญ๐˜ญ๐˜ช๐˜ฐ๐˜ฏ. The real measure of Bitcoin's worth lies in its reliability in performing its core functions as money that you can truly own and transact with anywhere in the world, without fear of debasement or censorship.

๐—ฉ๐—ฎ๐—น๐˜‚๐—ฒ ๐—ถ๐˜€ ๐—ฎ๐—น๐˜„๐—ฎ๐˜†๐˜€ ๐—ฑ๐—ฒ๐—ฟ๐—ถ๐˜ƒ๐—ฒ๐—ฑ ๐—ณ๐—ฟ๐—ผ๐—บ ๐—ต๐—ผ๐˜„ ๐˜„๐—ฒ๐—น๐—น ๐˜€๐—ผ๐—บ๐—ฒ๐˜๐—ต๐—ถ๐—ป๐—ด ๐—ณ๐˜‚๐—น๐—ณ๐—ถ๐—น๐—น๐˜€ ๐˜๐—ต๐—ฒ ๐—ฑ๐—ฒ๐˜€๐—ถ๐—ฟ๐—ฒ๐˜€ ๐—ผ๐—ณ ๐˜๐—ต๐—ผ๐˜€๐—ฒ ๐˜„๐—ต๐—ผ ๐—ฐ๐—ต๐—ผ๐—ผ๐˜€๐—ฒ ๐˜๐—ผ ๐˜‚๐˜€๐—ฒ ๐—ถ๐˜, and Bitcoin fulfills what everyone wants for their money better than ๐˜ข๐˜ฏ๐˜บ๐˜ต๐˜ฉ๐˜ช๐˜ฏ๐˜จ else.



Give this a ๐—Ÿ๐—ถ๐—ธ๐—ฒ๐Ÿค™, and ๐—•๐—ผ๐—ผ๐—ธ๐—บ๐—ฎ๐—ฟ๐—ธ๐Ÿ”– it for later, so you can ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„ it with anyone who says that Bitcoinโ€™s fiat volatility somehow makes it a poor store of value.

And let me know in the ๐—–๐—ผ๐—บ๐—บ๐—ฒ๐—ป๐˜๐˜€โฌ‡๏ธ if I missed anything in my explanation.
Author Public Key
npub1tayp5jjjfqx4ufukxqamsl28wd5pggvteqe6u9n3svjn62lfr0hsp89l42