Jeff Booth

Wall Street is desperately searching for “assets” to protect them from the debasement of their money while completely missing that they don’t have to anymore because now the money is the best asset. Traders will be traders though and each will find in their own time. #bitcoin

Bitcoin mining cannot be centralized (for long) because it operates in the free market - forcing innovation in energy and a constant exploration to find lower energy costs and better compute. In other words - Legacy miners have very little advantage. In fact, even if miners tried to game a system to win more fees in the short term (inscriptions etc) they would only hurt themselves. Malinvestments in running in high cost energy sites that should have been closed or moved to HPC because they believe they’re still “profitable” Instead of being forced by the market to innovate, they try to game it to increase fees. In other words, by focusing on fees rather than lower cost energy (and/or utilizing the heat) creative destruction plays out at scale. Random thoughts for a Saturday night in case someone tells you that something has to change to protect against the centralization of miners.

Try telling a bunch of independent thinkers what they can think and you’ll find out why #Bitcoin is different than any other protocol. For me, every attack on a person instead of an idea makes me want to look deeper into the idea. Genius comes from the edges and has always been dangerous to the center. (or existing base of knowing)

The primary reason people believe in “assets” that protect their purchasing power is because they have never been able to store money in money. #bitcoin changes this and everything else as a result.

Had an incredible dinner last night with John Perkins: Author of Confessions of an Economic Hitman. Well on his way to deeply understanding #bitcoin and freedom tech. Thanks to nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu

Looking forward to seeing and spending time with friends at Bitcoin park in Nashville this week. Pic is the moon from the flight this morning.

GM Sharing what I consider one of my most important slides from a recent BTC in DC speech because it helps us understand why real change is slow and predictable. Zero to one moments are always possible - just rare as people reinforce their own view of the world from their past experiences. (Tuning out all things that don’t match their entrenched view) And while this is easy to see in those “other” people - we mostly miss the very thing in ourselves. (And seeing it in ourselves is the real superpower)

Awesome article! nostr:note1ystttnptpf4n7shtexfgpmwzr7gyzn9rjxwqm00rlxergcqdjf3sr49re2