Nothing like a good day of work and a bottle of Peony Lane to get me out of a dark place.
We are so back.
Ben Justman🍷
BenJustman@primal.net
npub153xm...ryu8
Owner/Winemaker at Peony Lane Wine
Low Sulfite wine from the highest elevation vineyards in 🇺🇸
Governor's Cup Award Winner 2022, 2023, 2024
2025 Syrah incoming 🍇🍷
"How do you make your money?"
Well I make wine and post it on this protocol you've never heard of and accept money that you think is a ponzi scheme in exchange for it.
But yes, I caught the fkn game last night
Today is the Final Day to order my 2023 Estate Pinot Noir at Pre-Release Prices! My best wine increases in price Tomorrow.
Retards make the best wine. Proof👇 
Yeah I can multitask.
I can label while listening to Creed.
PINOT LABELS ARE HERE!
Old man at farmers market:
"Be careful son, you know Bitcoin is down 50%
"Actually it's down 80% and I just bought more"
How will Bitcoin scale as a medium of exchange?
If it’s so good, won’t everyone just save it and spend their dollars instead? That’s the classic argument.
This is absolutely happening and will continue for a while. That view only sees one side of the transaction: the consumer.
At the beginning, just as only the most committed Bitcoiners will spend it, only the best businesses will be able to demand Bitcoin. As those two ends of the spectrum grow, people who want to spend dollars and save Bitcoin will start to run out of options. Especially for quality goods.
This transition starts with shop owners upcharging for fiat. At first, it will look like today’s cash vs credit pricing, simply covering card fees. As Bitcoin becomes more obvious, that spread will grow.
Adoption will take time. Not every producer will switch quickly. The ones who do will outcompete. They will escape margin decay from fiat debasement. They will not need to cut corners. Good money chases quality goods, and these businesses will be positioned to thrive.
High-quality producers steer the next marginal transaction. Over time, they will steer it toward Bitcoin.
If a business wants to earn the hardest money, they will have to produce a top-quality good. Just like if a consumer wants a top-quality good, they will increasingly have to pay with Bitcoin.
Orange pilling the world begins at the margins.
There are two sides to every transaction. The margins are on both ends.
At the beginning, just as only the most committed Bitcoiners will spend it, only the best businesses will be able to demand Bitcoin. As those two ends of the spectrum grow, people who want to spend dollars and save Bitcoin will start to run out of options. Especially for quality goods.
This transition starts with shop owners upcharging for fiat. At first, it will look like today’s cash vs credit pricing, simply covering card fees. As Bitcoin becomes more obvious, that spread will grow.
Adoption will take time. Not every producer will switch quickly. The ones who do will outcompete. They will escape margin decay from fiat debasement. They will not need to cut corners. Good money chases quality goods, and these businesses will be positioned to thrive.
High-quality producers steer the next marginal transaction. Over time, they will steer it toward Bitcoin.
If a business wants to earn the hardest money, they will have to produce a top-quality good. Just like if a consumer wants a top-quality good, they will increasingly have to pay with Bitcoin.
Orange pilling the world begins at the margins.
There are two sides to every transaction. The margins are on both ends.