Niko Freeman's avatar
Niko Freeman
OmniFinn@primal.net
npub1905c...3w9x
Portable trust layer between strangers: nown.to Publishing: konsensus.net
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OmniFinn 1 year ago
I will take artificial intelligence over real stupidity any day of the week.
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OmniFinn 1 year ago
You can get 28.6 ounces of $gold with a bitcoin right now ($btc price 76189$). The #bitcoin #ATH was in November 2021, when you could get a whopping 37 ounces of gold with a single bitcoin. So today's price is about 77% off the ATH, meaning we need to see 98946$ to meaningfully speak of ATH.
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OmniFinn 1 year ago
A friendly reminder that we are still far away from the #bitcoin 2021 ATH. image
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OmniFinn 2 years ago
Listen up. #Bitcoin is not scarce (for the majority). Let me explain. Bitcoin will not be scarce to most individuals because they won't care if it's held by a custodian or if they have control of their keys. This will keep real bitcoin prices suppressed. Those who value self-custody can accumulate real bitcoin at a discount while the ignorant majority engages in a game of musical chairs. The situation won't be much different from the current #fiat system, except for one crucial aspect: the possibility to opt-out. Bitcoin offers an alternative for those who want to escape the legacy financial system. Most people will never care how their money operates, just like they don't care about the inner workings of their cars. Number go up, but it's mostly due to bitcoin being denominated in hyperinflating fiat currency rather than the immediate adoption of hard money standard. We're unlikely to witness hyperbitcoinization during our lifetimes. So, take a breath and remember that bitcoin's path to widespread adoption will be gradual. Don’t worry about missing out on bitcoin before it "moons.” Bitcoin's true value lies in its potential to disrupt the existing financial system, offering more control, security, and autonomy to individuals. Who even cares about the dollar price? The concept of scarcity in bitcoin extends beyond its trade value. It's about having sovereignty over your finances and securing generational liberty. In conclusion, bitcoin's scarcity for individuals will be determined by their time preference, level of awareness of and desire for self-custody. Stop waiting for the rocket ship, stack in silence, wield your freedom… and build the moon. image
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OmniFinn 2 years ago
Your #bitcoin stack is worthless. What’s the point of having a fat stack of sats if the world around you is barren of beauty, freedom, and thriving communities? Bitcoin is just money, even if it’s JUST money. It’s a tool, a means to an end, but what are you working towards? Why are you here? It's fashionable in the bitcoin community to talk big about “generational wealth,” as if amassing a fortune and passing it down is the ultimate goal. How about passing on the ability to accumulate skill and reputational capital—assets that grant the timeless ability to create value, regardless of the economic landscape? If you have the skills to be useful to your fellow man, and if you’ve built a reputation as trustworthy and capable, you will never go hungry. Reputation and skill transcend the limitations of money. They are the true generational wealth. Bitcoin is worth less in a world stripped of beauty, community, and purpose. It’s worth less if only hoarded rather than used to build, improve, and inspire. Bitcoin is not worthless, of course. It’s the most potent money that ever emerged. However, it’s only as powerful as the world we build around it. Don't leave your kids bitcoin. Leave them a legacy. image
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OmniFinn 2 years ago
You are not prepared. #Bitcoin fiction is here.
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