I think people get caught up on technical characteristics and reserve currency conversations. This is probably because many of us are all rich white guys, and tech and preservation of wealth is what is likely to interest us.
But Bitcoin is not just a technology. It is a means of communicating value over time and space, in a way that has never before been possible. The reason it is exciting is not because we can secure our progeny 1000 years from now, nor because we can prove to each other that it can never be changed. It is exciting because the majority of the world is unable to store work-value in a form that cannot be confiscated or inflated away, is unable to send value without fees, is unable to share value without permission, and is unable to relocate without landing, destitute and poor, on the other side of a border.
Bitcoin is not for us. As beneficiaries of US hegemony, our system isn’t all that bad right now. Our banking system exports trillions in debt all over the world in exchange for natural resources and labor. The recipients of debt…IOU’s that cannot be repaid with any goods…are the sad externalities of a system with a set of characteristics that Bitcoin solves.
Aurelius
npub169…v2thg
2023-03-03 13:56:48
Author Public Key
npub169yu4d6xl8a6d4xvfyhstjdxr0cc7qtfq5pch5kwv4k2wkapa3pq8v2thgPublished at
2023-03-03 13:56:48Event JSON
{
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"pubkey": "d149cab746f9fba6d4cc492f05c9a61bf18f016905038bd2ce656ca75ba1ec42",
"created_at": 1677851808,
"kind": 1,
"tags": [],
"content": "I think people get caught up on technical characteristics and reserve currency conversations. This is probably because many of us are all rich white guys, and tech and preservation of wealth is what is likely to interest us.\n\nBut Bitcoin is not just a technology. It is a means of communicating value over time and space, in a way that has never before been possible. The reason it is exciting is not because we can secure our progeny 1000 years from now, nor because we can prove to each other that it can never be changed. It is exciting because the majority of the world is unable to store work-value in a form that cannot be confiscated or inflated away, is unable to send value without fees, is unable to share value without permission, and is unable to relocate without landing, destitute and poor, on the other side of a border.\n\nBitcoin is not for us. As beneficiaries of US hegemony, our system isn’t all that bad right now. Our banking system exports trillions in debt all over the world in exchange for natural resources and labor. The recipients of debt…IOU’s that cannot be repaid with any goods…are the sad externalities of a system with a set of characteristics that Bitcoin solves.",
"sig": "8d6e9d01adba60bf55c92edc2a38ca3784d8062a96e8b5fd3a8f252051e74f212e70c4281a40c8c54ff88abc2400cedaf3e606796d9d02faf18430facb682d62"
}