Blue Collar Bitcoin's avatar
Blue Collar Bitcoin
bluecollarbitcoin@NostrVerified.com
npub1a3hr...fg37
Firefighters explore economics, finance & #Bitcoin (Josh & Dan shared profile)
THE PROBLEM WITH KEYNESIAN ECONOMICS FOR DUMMIES:👇 1️⃣It requires an enormous amount of centralized control over money. 2️⃣When there is an enormous amount of centralized control over money…um, well…people create more money.
“Value is nothing inherent in goods, no property of them, nor an independent thing existing by itself. It is a judgment economizing men make about the importance of goods at their disposal for the maintenance of their lives and well-being. Hence value does not exist outside the consciousness of men.” -Carl Menger
Most people in public discourse still think #bitcoin is a joke, when in fact it’s as serious as a heart attack. Stack sats.
Most people in public discourse still think #bitcoin is a joke, when in fact it’s as serious as a heart attack. Stack says.
Hal Finney in 2009.👇🤯 "I think it's likely that we'll see a layered approach to #Bitcoin services, w/ different layers specialized for different tasks. The base layer will be a relatively simple payment network, but there will be layers built on top of that for things like micropayments, anonymous transactions, and smart contracts."
In #Bitcoin, the message is the settlement. There's no debt layer above the settlement layer like the legacy system. And w/ 2nd layers like #LightningNetwork settlement happens instantaneously—an HUGE upgrade in 21st c. payments!!
“[#Bitcoin] is the ONLY truly at scale censorship resistant technology that I’m aware of.” — @jack
The conflation of #crypto & #Bitcoin is what we've been referring to as "Bitcoin Camouflage" for years. In our view, the connection btw these 2 in broader discourse presents an opportunity for those who recognize their foundational differences. The former is primarily an innovation in VCs scamming retail with limited to zero use case, and the vast majority of tokens are deeply disempowering for most of society (especially the MiddleClass & below). The latter is a truly decentralized, radically inclusive, barrier-breaking, accountability-inducing, equitable, & sound crack in the friction-filled walled garden that is the 21st century global financial system. image
In #crypto, existing financial power players ride the everyman like a show pony. In #Bitcoin, the average Joe can ride large legacy finance like a majestic mustang. For the #MiddleClass & below, #BTC  is EMPOWERING, and crypto is disempowering. image
In fiat & crypto land, companies are incentivized to grow at all costs and worry about survival second. In #bitcoin, companies are incentivized to survive at all costs and grow steadily. To the survivors go the spoils.🍻