B1tR0y on Nostr: It seems so simple, doesn't it? I mean if supply and demand equals value and ...
It seems so simple, doesn't it? I mean if supply and demand equals value and everybody did the same and actually took self-custody of their #bitcoin, then that should theoretically immediately take the price of #bitcoin in fiat currency to infinity which would completely separate state from currency! It truly puzzles me why enough people don't see this and why are so many people so afraid to recommend it from those who do.
I mean if we're trying to express the value in a fiat currency that is infinite with a truly fine asset ( #btc), then we should see a much higher Fiat price everything else being equal as there are lots of #bitcoin freedom advocates like myself who will only sell what's absolutely necessary to avoid catastrophe until it becomes the newglobal UOA!
Unfortunately the #tradfi team has figured out ways to apply traditional fiat game trickery to manipulate this fiat value such as fake volume and sales, rehypothecation, co-mingling, cash settled futures, and (imo) flat out paper Bitcoin on the centralized exchanges that people don't question and simply believe exists that very likely does not by a significant margin!
From my perspective, the only way this can't be traditional Finance manipulation via some combination of the above, is if they have somehow figured out a way to exploit the protocol - which I guess is technically a possibility that I can't personally identify due to all the different soft forks etc which have happened over the years of bitcoin. Regardless I hope that enough people can understand that the minimizing layer one changes to be as simple as possible is essential for being able to independently self-custody and to validate the base layer transactions and supply.
This is our only feasible opportunity to separate state from currency and, as I see it, shouldn't be about the short term fiat currency price but rather the freedom associated with separation of state and currency this bitcoin opportunity seemingly offers us by simply taking custody! The real purchasing power for #bitcoin will come when the fiat price can no longer be manipulated by the traditional Finance folks and we all #ChangeTheUOA and decide to only accept #SelfCustodialBitcoinOnly that we validate with our own nodes into P2PKH addresses that we roll ourselves completely offline ✌️
Published at
2023-08-29 23:15:43Event JSON
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"content": "It seems so simple, doesn't it? I mean if supply and demand equals value and everybody did the same and actually took self-custody of their #bitcoin, then that should theoretically immediately take the price of #bitcoin in fiat currency to infinity which would completely separate state from currency! It truly puzzles me why enough people don't see this and why are so many people so afraid to recommend it from those who do. \n\nI mean if we're trying to express the value in a fiat currency that is infinite with a truly fine asset ( #btc), then we should see a much higher Fiat price everything else being equal as there are lots of #bitcoin freedom advocates like myself who will only sell what's absolutely necessary to avoid catastrophe until it becomes the newglobal UOA! \n\nUnfortunately the #tradfi team has figured out ways to apply traditional fiat game trickery to manipulate this fiat value such as fake volume and sales, rehypothecation, co-mingling, cash settled futures, and (imo) flat out paper Bitcoin on the centralized exchanges that people don't question and simply believe exists that very likely does not by a significant margin! \n\nFrom my perspective, the only way this can't be traditional Finance manipulation via some combination of the above, is if they have somehow figured out a way to exploit the protocol - which I guess is technically a possibility that I can't personally identify due to all the different soft forks etc which have happened over the years of bitcoin. Regardless I hope that enough people can understand that the minimizing layer one changes to be as simple as possible is essential for being able to independently self-custody and to validate the base layer transactions and supply. \n\nThis is our only feasible opportunity to separate state from currency and, as I see it, shouldn't be about the short term fiat currency price but rather the freedom associated with separation of state and currency this bitcoin opportunity seemingly offers us by simply taking custody! The real purchasing power for #bitcoin will come when the fiat price can no longer be manipulated by the traditional Finance folks and we all #ChangeTheUOA and decide to only accept #SelfCustodialBitcoinOnly that we validate with our own nodes into P2PKH addresses that we roll ourselves completely offline ✌️ \n\nhttps://cdn.nostr.build/i/8ce70c57d187f005a59eed432b4ebf1709de38805070bfdc7614367bba06f676.jpg",
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