I don't think Bitcoin alone is not enough. If there's no institutions (banks, nation-states, or something of the sort) issuing credit backed by Bitcoin then the Bitcoin productive network will expand too slowly in comparison to a network that uses credit.
Because the real issue is how are you going to compete with Bitcoin, the scarcest money, in a world of millions of banks, tokens, credit, etc. It'll definitely work, but it'll always be niche, like gold, always as a base layer, etc.
It's not a coincidence that Keynes money expanded so rapidly. Ignoring this just keeps Bitcoin a closed community.
Bitcoin, co-created money (like G1 currency), mutual credit (like Sardex) cheap rural living, there's millions of sub €20k houses in Europe, Nostr, that's what can create the cooperation and better life/world that we are looking for.
Because it's all about a better world, not money per se. Money is an artificial creation, the means, not the end. Cooperation, working together and love is very real.
#philosophy
CitizenPedro
citizenpedro@nostrcheck.me
npub1v2n2...etnt
For a freer society with free individuals working voluntarily. Developer, technology, business, cooperatives, networker, etc. Based in Portugal.
https://linktree.com/citizenpedro
#europe #portugal #spain
I also like Switzerland and think it has by far one of the most voluntaryist systems in the world.
The medium is the message. Long live #nostr. Feel free to send messages :)
It seems like everything sucks on the internet right now
Can we finally say the rotation has begun or what??
#bitcoin
AI is becoming absolutely mindblowing. Do check it out and try to learn it!
The amount of local P2P where people trade Bitcoin and other crypto for cash is incredible!
You can literally travel the world with no bank account. This in practice means it's the Age of the Sovereign Individual!! Free everywhere!!
Isn't that crazy??
#bitcoin
When the power of love beats the love of power the world will know peace
Can this perhaps mark the beginning of the decoupling between Bitcoin and stocks?
#stocks #economy #bitcoin
This is most likely how the QE will happen this time. Bank QE
Instead of the FED deciding when/how many treasuries to buy from banks, it'll be SLR ratio reductions (regulation that limit banks loans/monetary creation) allowing for banks to create loan assets at maybe double rate.
TLDR: Banks would print 2x money in this Bank QE era, effectively 2x more money in the market. Bank QE basically
Saylor has to fight everyone to get included in indexes (SP500) while SpaceX they're almosting force people to buy it
And by the way just check out Micron's stock:
700% in a few months...
In my opinion this is really is late 1920s... but who well
#bitcoin #economy
700% in a few months...
In my opinion this is really is late 1920s... but who well
#bitcoin #economyMathrock is beautiful, intelligent and cool. Love it!
All the defense stocks skyrocketed in Europe and the world during the last 2 years.
People don't want peace.
I think this war will further accelerate Bitcoin adoption.
They don't get it, Iran will defend the straight forever. This is the new Petrobitcoin like currency, exactly like the Petrodollar started.
#bitcoin
This chart is mindblowing
What is going on in the US?
#economy
What is going on in the US?
#economyThe world will never be free as long as people believe that coercion other people do things is the way.
This is why I think the idea of co-created money (G1, etc) is incredibly voluntaryist. Because it allows more opportunities for everybody to work together without coercion.
#philosophy #economy
Free communication will make everything better.
Everything. It will unite the people at levels we are not even seeing.
Free and high resolution communication is what will make the world a better place.
Long live nostr and uncensorable communication tools!
#nostr
Canada loses most jobs in 17 years outside of pandemic! That's a bit... crazy?
#economy
#economyAnother surprisingly cool album discovered on the depths of the internet
#music
Twitter became an echo chamber of neo con statists.
"Europe is dead. Europe is being replaced by immigrants.
It's too LATE. It's too late. We lost Europe, etc, etc."
At one point I was like, oh wow, it's really too late. Then I continued researching, thinking, looking for stuff, looking at numbers and eventually I understood:
The numbers don't match. Immigrants are not going to replace anybody. There isn't an invasion. The whole earth is losing population. There's thousands of cheap houses and apartments in Europe, huge regions with populations in decline.
The chaos they are seeing is happening in very specific places in the world. Mostly in the cities, in certain places and not exactly like they paint the picture.
In reality most places in Europe will be undergoing quiet depopulation. Controlled decay, like Japan. And this is just reality. And in my view that's the biggest opportunity for a better Europe. Why?
1. Rural depopulation makes houses free
2. Bitcoin allows for uncensorable savings
3. G1 empowers even more people and depopulating economies
4. Nostr allows permanent and uncensorable digital identity to better create those economies
They're fighting for the nation state masters when instead they could be building a better world.
I get it, they want to stay in the place you were born, next their parents house, etc, etc. But c'mon there's also other incredibly opportunities. Why stay stuck on something that's not going to work?
I don't know, it's just annoying at times to see all these guys agreeing writing the same posts for years on end.
Even if the right wing parties win, if all the immigrants get remigrated, their lives will suck. Just look at the average American. It's not like life became 100x better when Trump was elected.
It's annoying at times. The system is broken, they need to get out of it. Blaming all their problems on immigrants is such a dumb move.
#europe #society #philosophy