BRBitcoinapolis on Nostr: "Bitcoin as SoV first: Let All the 'Crypto/Worldwide' Currencies Fight to their ...
"Bitcoin as SoV first: Let All the 'Crypto/Worldwide' Currencies Fight to their Deaths on MoE and UoE."
Note: Author is 100% anti-Crypto and 100% Pro-Bitcoin
This uproar on Sayor is totally ridiculous. You haven't been listening or researching the words alongside researching the numbers. Saylor for over three years has been explaining how the "friction" with Bitcoin comes in if we adopted Bitcoin as a currency. Nothing has changed as far as Saylor's beliefs and opinions on Bitcoin. Most of this post is from what he was saying three years ago.
In a perfect world Bitcoiners imagine, Bitcoin is everything, no second best to anything and everything:
1) Store of Value (SoV)
2) Medium of Exchange (MoE)
3) Unit of Account (UoA)
For now it's a dream that may be realistic 20, 30, 100 years from now. But currently, Bitcoin isn't even close to carrying that Trifecta. Why? Because of the US Dollar and Accounting systems. Legacy systems. The friction. The politics.
Bitcoiners are going to war essentially with themselves and it is a combative approach. You think Trump would give up on the United States Dollar? A currency in his DNA, his motivation, via a man who wants his face on Mount Rushmore and that very dollar bill.
Saylor's audience to adopt Bitcoin is big business, not individuals, as they adopt Bitcoin as a Store of Value (SoV) first but it won't be currency/money for a long time. Nothing wrong with it using it that way though obviously.
Savings: SoV, Bitcoin only. Digital Property/Digital Capital
Checking: Everything else, the US Dollar, 159 other currencies, XRP, ETH, CBDCs....yeah, they are stupid and are weaker to Bitcoin and that is OKAY. Let people FAFO? We all did it. Put the lesson to scale, let the United States Government teach people quicker that "Crypto" isn't the same as Bitcoin but if you want to use weaker MoE or UofA, who cares for now when you are holding digital financial dry gunpowder in the ultimate SoV Bitcoin canon? A canon that should never fire.
But for now,
Please go back and Listen to this one Podcast Saylor did with Saif, the question and answer part was great too.
December 2021: <--- YEARS ago
https://www.youtube.com/watch?v=eRvBj7j24B0
Partial Notes:
Saylor:
If you’ve looked at every single banker, every time they say, Well is Bitcoin a currency? Well I mean their answer is, No, it’s not a currency. Jerome Powell can’t admit it’s a currency. Christina Lagarde is saying it’s not a currency. And then the Bitcoin community oftentimes recoils in horror like, Yes we are! Yes we are! Why do you want to be? Why can’t you actually be property worth $10 million dollars a coin and not be a currency? If I told you you could basically go from zero to $10 million dollars a coin and everybody will help you along the way — every company, every government, will help you along the way to become worth $10 million dollars a coin — or, you can fight with everybody the entire way, and if you succeed you’ll have toppled every government and every political group and every company and destroyed the entire 20th century economy, but you’ll have your currency. Like, what’s left? If I rip every single company to zero and I destroy every country and every political system, you’ll have your currency, but what are you going to buy with it when every company is non-existent and every government doesn’t exist? You can’t even buy bullets to defend yourself in the post-apocalyptic anarchy that follows, because bullets get manufactured by companies that use accounting systems that run on dollars.
In this case, after the Currency Battle, SoV Bitcoin can do this:
Other personal Opinions (Warning a bit unhinged):
* Ripple/XRP is a parasitical business, from the pre-mine to the missing 30K first transactions, $10s of millions in 'marketing' to disparage Bitcoin. Losers. They are weaker than Bitcoin, inside the USA and 100% outside of the USA. I agree with Bit Paine's call to action but only with Yellow's temperament. Let's have fun dissing these Crypto unregistered securities?
* I am appalled by a post from Oz on January 25th that said: "Kill your heroes" (not slay but kill) and essentially had Saylor in the crosshairs of a sniper's rifle. Fuck off you mouth breathing, Putin supporting dick. You spend all your days on Spaces blathering on and on how tough you are, yet you essentially want to threaten Saylor so he can NOT go out and selflessly share his thoughts on Bitcoin for free because of safety concerns because of idiots like you? You have benefited but are a complete loser. Wrestle Bears, yeah, because Russian Orcs are so tough and cool. (Yes, I choose to be triggered but your one post was my motivation for this entire post. Thank you.)
My raw notes:
https://bitcoinapolis.blogspot.com/2022/12/bitcoin-bitcoin-as-digital-property-is.html
Great post here:
https://x.com/danieleripoll/status/1736848104836702568?s=20
<snip>
Trying to turn spot #BTC into an everyday spending currency undermines what's valuable about BTC. Being a store of value is right on the mark. It solves a problem for everyone on earth. Being a medium of exchange has little value. An MoE that isn't backed by anything is basically worthless.
The Bitcoin base layer was optimized for security, immutability and decentralization. That forms a granite foundation on top of which all other (lesser) functions of money can be expressed.
Note: Author is 100% anti-Crypto and 100% Pro-Bitcoin
This uproar on Sayor is totally ridiculous. You haven't been listening or researching the words alongside researching the numbers. Saylor for over three years has been explaining how the "friction" with Bitcoin comes in if we adopted Bitcoin as a currency. Nothing has changed as far as Saylor's beliefs and opinions on Bitcoin. Most of this post is from what he was saying three years ago.
In a perfect world Bitcoiners imagine, Bitcoin is everything, no second best to anything and everything:
1) Store of Value (SoV)
2) Medium of Exchange (MoE)
3) Unit of Account (UoA)
For now it's a dream that may be realistic 20, 30, 100 years from now. But currently, Bitcoin isn't even close to carrying that Trifecta. Why? Because of the US Dollar and Accounting systems. Legacy systems. The friction. The politics.
Bitcoiners are going to war essentially with themselves and it is a combative approach. You think Trump would give up on the United States Dollar? A currency in his DNA, his motivation, via a man who wants his face on Mount Rushmore and that very dollar bill.
Saylor's audience to adopt Bitcoin is big business, not individuals, as they adopt Bitcoin as a Store of Value (SoV) first but it won't be currency/money for a long time. Nothing wrong with it using it that way though obviously.
Savings: SoV, Bitcoin only. Digital Property/Digital Capital
Checking: Everything else, the US Dollar, 159 other currencies, XRP, ETH, CBDCs....yeah, they are stupid and are weaker to Bitcoin and that is OKAY. Let people FAFO? We all did it. Put the lesson to scale, let the United States Government teach people quicker that "Crypto" isn't the same as Bitcoin but if you want to use weaker MoE or UofA, who cares for now when you are holding digital financial dry gunpowder in the ultimate SoV Bitcoin canon? A canon that should never fire.
But for now,
Please go back and Listen to this one Podcast Saylor did with Saif, the question and answer part was great too.
December 2021: <--- YEARS ago
https://www.youtube.com/watch?v=eRvBj7j24B0
Partial Notes:
Saylor:
If you’ve looked at every single banker, every time they say, Well is Bitcoin a currency? Well I mean their answer is, No, it’s not a currency. Jerome Powell can’t admit it’s a currency. Christina Lagarde is saying it’s not a currency. And then the Bitcoin community oftentimes recoils in horror like, Yes we are! Yes we are! Why do you want to be? Why can’t you actually be property worth $10 million dollars a coin and not be a currency? If I told you you could basically go from zero to $10 million dollars a coin and everybody will help you along the way — every company, every government, will help you along the way to become worth $10 million dollars a coin — or, you can fight with everybody the entire way, and if you succeed you’ll have toppled every government and every political group and every company and destroyed the entire 20th century economy, but you’ll have your currency. Like, what’s left? If I rip every single company to zero and I destroy every country and every political system, you’ll have your currency, but what are you going to buy with it when every company is non-existent and every government doesn’t exist? You can’t even buy bullets to defend yourself in the post-apocalyptic anarchy that follows, because bullets get manufactured by companies that use accounting systems that run on dollars.
In this case, after the Currency Battle, SoV Bitcoin can do this:
Other personal Opinions (Warning a bit unhinged):
* Ripple/XRP is a parasitical business, from the pre-mine to the missing 30K first transactions, $10s of millions in 'marketing' to disparage Bitcoin. Losers. They are weaker than Bitcoin, inside the USA and 100% outside of the USA. I agree with Bit Paine's call to action but only with Yellow's temperament. Let's have fun dissing these Crypto unregistered securities?
* I am appalled by a post from Oz on January 25th that said: "Kill your heroes" (not slay but kill) and essentially had Saylor in the crosshairs of a sniper's rifle. Fuck off you mouth breathing, Putin supporting dick. You spend all your days on Spaces blathering on and on how tough you are, yet you essentially want to threaten Saylor so he can NOT go out and selflessly share his thoughts on Bitcoin for free because of safety concerns because of idiots like you? You have benefited but are a complete loser. Wrestle Bears, yeah, because Russian Orcs are so tough and cool. (Yes, I choose to be triggered but your one post was my motivation for this entire post. Thank you.)
My raw notes:
https://bitcoinapolis.blogspot.com/2022/12/bitcoin-bitcoin-as-digital-property-is.html
Great post here:
https://x.com/danieleripoll/status/1736848104836702568?s=20
<snip>
Trying to turn spot #BTC into an everyday spending currency undermines what's valuable about BTC. Being a store of value is right on the mark. It solves a problem for everyone on earth. Being a medium of exchange has little value. An MoE that isn't backed by anything is basically worthless.
The Bitcoin base layer was optimized for security, immutability and decentralization. That forms a granite foundation on top of which all other (lesser) functions of money can be expressed.