Turtlesallthewaydown⚡️ on Nostr: Hey, thanks for the zap. No doubt wages are sticky in an inflationary world… can ...
Hey, thanks for the zap. No doubt wages are sticky in an inflationary world… can they be sticky in a deflationary world with a fixed supply token… maybe, maybe not.
However, every person on this planet has the opportunity to create more value than they consume. They reality is with all of our technology gains over the past thousand years we can catch more fish than we immediately need to consume to survive today and we have the ability to ‘save’ the extra fish.
Aside from parts of the planet where the populations are not yet enjoying those technological gains purely because our global economic system keeps them poor on purpose. Everyone has the choice to save. We currently suffer a distribution issue. I’m confident Bitcoin and other communication technologies fix this. I honestly believe we are moving towards a future where the hardest and smartest workers are the most rewarded. Thus everyone willing to put in effort has the opportunity to save.
There will always be lazy and nilhistic people that will do the bare minimum or maybe not even that. Ayn Rand would call these people the non thinkers or the non living. They are anti life… their own and sometimes those around them.
I don’t see a utopian future, I see a Darwinian one where ‘fittest’ is not determined physically but cognitively… and the competition is based around providing the greatest value.
I’m not concerned with nation states or blackrocks accumulating, none of these organisations know how to ‘make’ money only how to acquire it. When you can no longer acquire it without adding value all of their acquired Bitcoin will eventually be paid to those who keep them alive (the producers).
I believe Saylor knows this. His narrative has recently changed… either he is pumping his own bags in the short term or more likely he’s realised the potential political risk to himself from his original narrative. As Julian Assange discovered the hard way… directly and publicly fighting the establishment comes with significant personal risk… Julian went in a young fighting man and came out an old broken man. The establishment has time on its side (for now). On this metric alone it can beat any critic. The smart person, on the surface, looks to be upholding the current system whilst quietly undermining its foundations. Is this not exactly what Saylor is doing?
A long way of saying, when everyone realised what the ‘best’ money is, if you are a producer, why would you accept anything else as payment? Fiat goes the way of Silver or Copper against gold because they don’t do the job as well as gold.
However, every person on this planet has the opportunity to create more value than they consume. They reality is with all of our technology gains over the past thousand years we can catch more fish than we immediately need to consume to survive today and we have the ability to ‘save’ the extra fish.
Aside from parts of the planet where the populations are not yet enjoying those technological gains purely because our global economic system keeps them poor on purpose. Everyone has the choice to save. We currently suffer a distribution issue. I’m confident Bitcoin and other communication technologies fix this. I honestly believe we are moving towards a future where the hardest and smartest workers are the most rewarded. Thus everyone willing to put in effort has the opportunity to save.
There will always be lazy and nilhistic people that will do the bare minimum or maybe not even that. Ayn Rand would call these people the non thinkers or the non living. They are anti life… their own and sometimes those around them.
I don’t see a utopian future, I see a Darwinian one where ‘fittest’ is not determined physically but cognitively… and the competition is based around providing the greatest value.
I’m not concerned with nation states or blackrocks accumulating, none of these organisations know how to ‘make’ money only how to acquire it. When you can no longer acquire it without adding value all of their acquired Bitcoin will eventually be paid to those who keep them alive (the producers).
I believe Saylor knows this. His narrative has recently changed… either he is pumping his own bags in the short term or more likely he’s realised the potential political risk to himself from his original narrative. As Julian Assange discovered the hard way… directly and publicly fighting the establishment comes with significant personal risk… Julian went in a young fighting man and came out an old broken man. The establishment has time on its side (for now). On this metric alone it can beat any critic. The smart person, on the surface, looks to be upholding the current system whilst quietly undermining its foundations. Is this not exactly what Saylor is doing?
A long way of saying, when everyone realised what the ‘best’ money is, if you are a producer, why would you accept anything else as payment? Fiat goes the way of Silver or Copper against gold because they don’t do the job as well as gold.