NSociety on Nostr: Don't call bitcoin "money" Instead, say "Digital Monetary Property" Similar to ...
Don't call bitcoin "money"
Instead, say "Digital Monetary Property"
Similar to "monetary metals" such as gold and silver.
Normies can more easily swallow the orange pill when they think of bitcoin as digital property. From there you can work in the monetary aspect.
Governments / fiats will then feel less frightening as they debase their currency into oblivion. 🧊
Bitcoin enables property rights to everyone in the world. The only people that are against this tend to be communist. The ethos and ideology of western governments / citizens can reconcile bitcoin as property. Property that is Digital. Property that is meant to store excess capital production. Monetary Property.
Bitcoin is simply Digital Monetary Property.
Once this is well understood, bitcoin will make for good collateral. Collateral similar to mortgage backed securities or physical real-estate, but better. Because bitcoin is not a debt based instrument and can move digitally at the speed of light, it would make ideal collateral to extend [fiat denominated] credit on top of. Sort of like a globally accessible collateral that unofficially underpins/backs a nation's fiat and economic activity.
You might wanna Reserve some, just in case it catches on.
So, I guess bitcoin is like some sort of Reserve Digital Monetary Property.
Instead, say "Digital Monetary Property"
Similar to "monetary metals" such as gold and silver.
Normies can more easily swallow the orange pill when they think of bitcoin as digital property. From there you can work in the monetary aspect.
Governments / fiats will then feel less frightening as they debase their currency into oblivion. 🧊
Bitcoin enables property rights to everyone in the world. The only people that are against this tend to be communist. The ethos and ideology of western governments / citizens can reconcile bitcoin as property. Property that is Digital. Property that is meant to store excess capital production. Monetary Property.
Bitcoin is simply Digital Monetary Property.
Once this is well understood, bitcoin will make for good collateral. Collateral similar to mortgage backed securities or physical real-estate, but better. Because bitcoin is not a debt based instrument and can move digitally at the speed of light, it would make ideal collateral to extend [fiat denominated] credit on top of. Sort of like a globally accessible collateral that unofficially underpins/backs a nation's fiat and economic activity.
You might wanna Reserve some, just in case it catches on.
So, I guess bitcoin is like some sort of Reserve Digital Monetary Property.