McG on Nostr: How does bitcoin help people that don’t own it? A decentralized and secure protocol ...
How does bitcoin help people that don’t own it?
A decentralized and secure protocol bound by energy imposing itself on people, companies and governments around the world. A fixed set of rules that can’t be cheated with a fixed supply of 21M bitcoin. It rewards you for participating and collapses your wealth measured in bitcoin for ignoring it. Costs an immeasurable amount to attack it.
Tech is deflationary. Imagine the productivity from the free market benefiting everyone in society as prices fall even if they don’t own bitcoin?
Imagine if governments were forced to compete for you to stay in their country, shrink and be as efficient as possible, decrease taxes the most, decrease war spending etc. the inability to print money because of the supply cap is tremendous. Irrational governments will have their wealth distributed to productive ones that other people vote for with their feet and money.
When people are very careful about spending money and you can actually save your money because it goes up in value it focuses spending on our hierarchy of needs. Food, water, shelter, energy production and transmission, health care towards leisure, art, culture and larger problems etc.. The most productive people in society will rush in to create value in those fields until there are no profits left. Think there calculator app on your phone. Prices will collapse to their marginal cost of production.
Bitcoin allows 8 billion people to participate in a global free market all competing to provide value. That value is passed on to all 8 billion people in the form of lower prices (measured in bitcoin) because Bitcoin is a global, permissionless free market.
It’s basically a global platform and incentive structure for us to build humanity that aligns us to an abundant, inclusive, fair, free future.
A decentralized and secure protocol bound by energy imposing itself on people, companies and governments around the world. A fixed set of rules that can’t be cheated with a fixed supply of 21M bitcoin. It rewards you for participating and collapses your wealth measured in bitcoin for ignoring it. Costs an immeasurable amount to attack it.
Tech is deflationary. Imagine the productivity from the free market benefiting everyone in society as prices fall even if they don’t own bitcoin?
Imagine if governments were forced to compete for you to stay in their country, shrink and be as efficient as possible, decrease taxes the most, decrease war spending etc. the inability to print money because of the supply cap is tremendous. Irrational governments will have their wealth distributed to productive ones that other people vote for with their feet and money.
When people are very careful about spending money and you can actually save your money because it goes up in value it focuses spending on our hierarchy of needs. Food, water, shelter, energy production and transmission, health care towards leisure, art, culture and larger problems etc.. The most productive people in society will rush in to create value in those fields until there are no profits left. Think there calculator app on your phone. Prices will collapse to their marginal cost of production.
Bitcoin allows 8 billion people to participate in a global free market all competing to provide value. That value is passed on to all 8 billion people in the form of lower prices (measured in bitcoin) because Bitcoin is a global, permissionless free market.
It’s basically a global platform and incentive structure for us to build humanity that aligns us to an abundant, inclusive, fair, free future.