BoomTown on Nostr: I’d argue that knowing the design of the protocol AND the proof of work mechanism ...
I’d argue that knowing the design of the protocol AND the proof of work mechanism and difficulty adjustment, a bitcoiner knows that the value of bitcoin goes up over time. Whether or not the bitcoin market price goes up month to month can be manipulated BUT the fundamentals of bitcoin from a first principles level NECESSITATES NGU.
It’s just a function of on what timescale and how aggressively. Right now the fiat assholes are doing a pretty good job manipulating the bitcoin rate of exchange markets.
I blame Coinbase.
Published at
2025-03-28 13:02:43Event JSON
{
"id": "2481265878e942592fa211f1589336050b2d305cd0b19331f629b60d84632859",
"pubkey": "bd7e3102639e7ca349ef27e2210df6d02658e019a22ac65939c5e1adcce5db88",
"created_at": 1743166963,
"kind": 1,
"tags": [
[
"e",
"8d6b9d2278af26e4280c33e126ba4fc55f5992ba45e08ba2e89895848b8ed80b",
"",
"root"
],
[
"e",
"c2410e96b5901d1d5b2da1b173d9f8ca4e050126f28505039f8c9fb695ffeff9",
"",
"reply"
],
[
"p",
"33c8e961d628a494cdb37b9753d0c6d1ee7612cd020a412c9df7f38a766f457e"
],
[
"p",
"d3052ca3e3d523b1ec80671eb1bba0517a2f522e195778dc83dd03a8d84a170e"
]
],
"content": "I’d argue that knowing the design of the protocol AND the proof of work mechanism and difficulty adjustment, a bitcoiner knows that the value of bitcoin goes up over time. Whether or not the bitcoin market price goes up month to month can be manipulated BUT the fundamentals of bitcoin from a first principles level NECESSITATES NGU.\n\nIt’s just a function of on what timescale and how aggressively. Right now the fiat assholes are doing a pretty good job manipulating the bitcoin rate of exchange markets.\n\nI blame Coinbase.",
"sig": "1b1f4873a0482121f7e3e1d66bc0e2632177a96ffc00bdd9a411b089959dff6b1c42a4554f14f1f32c2af1b8412adb6bf74baaa125fcc97fd5c8f8d9d4669096"
}