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2024-12-27 01:17:37

Bitcoin-Backpacker on Nostr: In this post, I might come across as a bit of a conspiracy theorist. Some of what ...



In this post, I might come across as a bit of a conspiracy theorist.

Some of what I'll share might seem too far-fetched.

Please read my thoughts and let me know where you disagree or where I might be off track.

On a global Bitcoin standard:

- Your money wouldn't be constantly siphoned off, allowing you to save for your future without needing to invest in stocks or real estate.


- The financial services sector, which currently represents about 25% of the global economy, could largely disappear, being replaced by Bitcoin or Bitcoin-related products.


- Vast areas of prime land currently used for banks could be repurposed.


- The labor hours dedicated to financial services (investing, lending, banking, etc.) would significantly decrease.


- The need for economists would diminish.
Housing would no longer be viewed primarily as an investment.


- Wages would adjust to market rates rather than being manipulated by governments and lobbyists to suppress small business competition.


- Large corporations might struggle due to reduced profits from increased competition.


- Entrepreneurship would become one of the most financially rewarding career paths, overshadowing traditional roles like those in Wall Street.


- Small businesses would flourish.


- Food production would shift away from large corporations towards more local, high-quality operations by mom-and-pop shops and independent farmers.


- Community structures would evolve where neighbors support each other, reducing reliance on government services.


- The need for insurance might decrease as people rely more on family networks rather than on corporations whose trustworthiness for long-term payouts is questionable.


- You wouldn't need to spend time understanding the complexities of the financial industry, freeing you to focus on your true passions.

What other changes might we see?


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#Bitcoin #dca #hodl #sats #stacksats #soundmoney #stayhumble #btc #zaps #zap #coffee #powerlaw #nostr #asknostr #question
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