Meds79 on Nostr: I’ve often heard the point made that #bitcoin is a belief system. A world built on ...

I’ve often heard the point made that #bitcoin is a belief system. A world built on bitcoin is literally the opposite of a belief system. In the fiat world, the belief that a debt instrument can be repaid by your counterparty is literally all that maintains the illusion of productivity. The measure of productivity is so enormously skewed that it’s beyond comprehension. We no longer measure our production with any meaningful unit of account. The unit of account is simply a measure of how confident people are in their own future production. The fiat system expends by convincing ordinary people that they can afford to take on debt, because their lives will be maintainable at their current output levels, that their future production will be the same or greater than it is today. A self perpetuating ouroboros style phenomenon. Bitcoin exists whether the market participant believes in their future ability to repay or not. Will debt exist on a bitcoin standard? Likely, but only the debt shall be destroyed, not the money. Only the greedy will get carried out. There is no more noble cause. Not one of vengeance or fear, not because your neighbour has different political views than your own, but because you believe in the commonality of man and his ability to find hope amid despair. This is the fourth turning. We’ll look back on this, assuming we make it, and observe that the vast majority of people didn’t even realise what happened.