hahahaha on Nostr: You got right. The beautiful thing about BTC is that will not be possible to everyone ...
You got right. The beautiful thing about BTC is that will not be possible to everyone convert their fiat into BTC. At some point, the only way to get some bitcoin will be through labor. A very good example of this scenario can be found in Atlas Shrugged, looking how the commerce in Atlantis works. Everything priced in gold and the only way to get some gold is through labor. Gold became the ultimate unit of account and therefore to valuable to anyone being interested to exchange by any amount of fiat. When BTC succeeds, will be the same case and everyone will realize the real value of bitcoin: 1 BTC = 1 BTC.
Published at
2024-10-17 20:04:29Event JSON
{
"id": "3fc183ddf1b1a16afc96382bc72bf0788ed91aceb130abb6fcd4b9e42d5d211a",
"pubkey": "4291f9b75248f926475a9cd5015bc7187f103205f7d2af6a9815cb15bb8d438f",
"created_at": 1729195469,
"kind": 1,
"tags": [
[
"e",
"93cd7551879f503cfa2ff0dcd54134361eb597ccaacb8e933992bd4d99b56359",
"",
"root"
],
[
"e",
"382108cd59a1e14b57cf11c665a1e2829d2e8dff5b12446b2efcdd6cf1b21c5b",
"",
"reply"
],
[
"p",
"a6e7bf3afcffafe94f5994ef30fe932ac3a290ee51e578b3291577b34049fb44"
]
],
"content": "You got right. The beautiful thing about BTC is that will not be possible to everyone convert their fiat into BTC. At some point, the only way to get some bitcoin will be through labor. A very good example of this scenario can be found in Atlas Shrugged, looking how the commerce in Atlantis works. Everything priced in gold and the only way to get some gold is through labor. Gold became the ultimate unit of account and therefore to valuable to anyone being interested to exchange by any amount of fiat. When BTC succeeds, will be the same case and everyone will realize the real value of bitcoin: 1 BTC = 1 BTC.",
"sig": "2c91dd4ecf3c8ae84df622f35fe63103b5f2f1fba815b6b7d4301189faee3f2c10b97419d1a9245fa516a01f416dedf287bf4cabcbd6e41e236926a2243845d7"
}
