Something I’ve thought about a lot in the past couple of years:
Money is the one good that every single person uses. It’s one half of nearly every trade.
As long as the price of money is set by a centralized entity, a true free market is fundamentally impossible, because every transaction is influenced by price controls.
I literally just had to pull the car over to start writing: while listening Jeff Booth (npub1s05…eyhe) describe “lightbulb moments” (in the context of free markets and deflation), a lightbulb — call it a zap — struck me profoundly…
Unlike the fiat system, Bitcoin IS a free market for money. Meaning that in Bitcoin terms, “half the equation” is already resolved into a deflationary free market system. Even with governmental price controls on many products, because of how radically free Bitcoin is, it completely changes the nature of the trade.
What clicked for me was this: Bitcoin exists — it’s already here — meaning that, humans already, here and now, have the choice to operate/participate in a free market, where prices fall forever.
It’s not “when we reach hyperbitcoinization” or “when Bitcoin is legal tender” or “when adoption happens on XYZ level” (although all off those help to can grease the wheels). It’s already here, if you CHOOSE to measure in Bitcoin.
No joke, my mind was blown so fully that I had to pull over so that I could write this stuff down. Now that I did, I realized it belongs on Nostr 🫡
Back to the drive, and to the podcast. Thanks for keeping my wife and I company, walker (npub1cj8…rz4u) and Jeff 🙏🔥
https://fountain.fm/episode/nvE4MO4qv2SB4q9ZcItK
bostonwine / boston wine
npub14q…e2q26
2024-08-18 20:59:24
Author Public Key
npub14qz92uedt0a8jte8jqg63jr3s5cc99cej36jh883z6tprlu354uqqe2q26Published at
2024-08-18 20:59:24Event JSON
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"content": "Something I’ve thought about a lot in the past couple of years:\n\nMoney is the one good that every single person uses. It’s one half of nearly every trade.\n\nAs long as the price of money is set by a centralized entity, a true free market is fundamentally impossible, because every transaction is influenced by price controls.\n\nI literally just had to pull the car over to start writing: while listening nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe describe “lightbulb moments” (in the context of free markets and deflation), a lightbulb — call it a zap — struck me profoundly…\n\nUnlike the fiat system, Bitcoin IS a free market for money. Meaning that in Bitcoin terms, “half the equation” is already resolved into a deflationary free market system. Even with governmental price controls on many products, because of how radically free Bitcoin is, it completely changes the nature of the trade.\n\nWhat clicked for me was this: Bitcoin exists — it’s already here — meaning that, humans already, here and now, have the choice to operate/participate in a free market, where prices fall forever.\n\nIt’s not “when we reach hyperbitcoinization” or “when Bitcoin is legal tender” or “when adoption happens on XYZ level” (although all off those help to can grease the wheels). It’s already here, if you CHOOSE to measure in Bitcoin.\n\nNo joke, my mind was blown so fully that I had to pull over so that I could write this stuff down. Now that I did, I realized it belongs on Nostr 🫡\n\nBack to the drive, and to the podcast. Thanks for keeping my wife and I company, nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u and Jeff 🙏🔥\n\nhttps://fountain.fm/episode/nvE4MO4qv2SB4q9ZcItK",
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