Niko πŸ“š Konsensus Network's avatar
Niko πŸ“š Konsensus Network
OmniFinn@primal.net
npub1905c...3w9x
Shadowy Super Publisher A citadel starts with a library. πŸ“š Book a free call with me: starfishbook.com Services: konsensusnetwork.com
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OmniFinn 1 year 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 1 year ago
#Bitcoin will not set you free. When I left #fiat originally in 2011, I had no assets to my name and no cash. Everything I owned fit in a small backpack. My key to freedom was not owning anything. That helped me realize I only needed my skills and will to advance. Bitcoin, of course, expedites everything, but you can’t buy freedom even with absolutely hard money. You can always accumulate more using your skills. What holds many to fiat is the idea that spending bitcoin or not stacking hard enough makes you miss out on monumental gains. This may be true, but it’s a trader, not a builder mindset. Builders never go hungry. Don’t to be afraid of losing anything. This is a lesson I learned the hard way having lost everything including the will to live. As my final resort, I tried detatching from fiat and it fixed everything. Bitcoin is not the answer, not needing it is.
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OmniFinn 1 year ago
I am interested in doing the same for Konsensua Network library. I have been talking to some #nostr devs about it too. But we can go deeper… Imagine a git for books that would allow the community to contribute with edits, additions, maybe even write a book together. Unstoppable books, that’s what I am about. #unstoppabooks #youarethealgorithm View quoted note β†’
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OmniFinn 1 year ago
The market is always wrong. Few individuals push humanity forward and the masses follow. Becoming correct by proxy.
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