elephant on Nostr: #[0], two observations about “The Great Transition” that we are heading into: ...
Jeff Booth (npub1s05…eyhe), two observations about “The Great Transition” that we are heading into:
1: of all the industrialized countries, Japan will have the best outcome. The combination of an already zombie economy, the polite, patient, and obedient village culture, the abundance of small craftsmen and small manufacturers, the incredible work ethic, the enormous capacity for quiet suffering, and the existence of the Mt. Gox coins, plus the example of the lightning quick pivot in the 19th century’s Meiji Restoration and rapid industrialization, mean that Japan can turn very quickly. The long-term thinking shown by the “village wisemen” will lead to the possible scenario in the face of a hypothetical hyperinflating Yen: Overnight, Japan nationalizes the 142,000 Gox bitcoin and converts all existing bank deposits to sats on account size basis. The economy already runs on digital payments rails. The yen is replaced by sats everywhere all at once. All salaries are treated the same as bank accounts, you get a proportional # of sats next payday. All pensions are likewise converted. All using the Gox coins to jumpstart this smooth and well-mannered change.
2: All other countries will take note and attempt to emulate with varying success and depending on how much bitcoin they can nationalize. Global companies like Amazon and Google might be the leaders here as all their employees demand to be paid in bitcoin, as do all the suppliers. Amazon begins favoring bitcoin payments over all others. All companies follow suit.
Just some thoughts while listening to the recent group call with you and Knut and others hosted by Bitcoin Magazine. ODELL (npub1qny…95gx) , I know The Mandibles is your favorite guide. But it is dark.
I want to write an alternate version called The Family Sakurai (桜井). Look up the symbolism of that kanji combination and you should find “well-spring of hope.”
1: of all the industrialized countries, Japan will have the best outcome. The combination of an already zombie economy, the polite, patient, and obedient village culture, the abundance of small craftsmen and small manufacturers, the incredible work ethic, the enormous capacity for quiet suffering, and the existence of the Mt. Gox coins, plus the example of the lightning quick pivot in the 19th century’s Meiji Restoration and rapid industrialization, mean that Japan can turn very quickly. The long-term thinking shown by the “village wisemen” will lead to the possible scenario in the face of a hypothetical hyperinflating Yen: Overnight, Japan nationalizes the 142,000 Gox bitcoin and converts all existing bank deposits to sats on account size basis. The economy already runs on digital payments rails. The yen is replaced by sats everywhere all at once. All salaries are treated the same as bank accounts, you get a proportional # of sats next payday. All pensions are likewise converted. All using the Gox coins to jumpstart this smooth and well-mannered change.
2: All other countries will take note and attempt to emulate with varying success and depending on how much bitcoin they can nationalize. Global companies like Amazon and Google might be the leaders here as all their employees demand to be paid in bitcoin, as do all the suppliers. Amazon begins favoring bitcoin payments over all others. All companies follow suit.
Just some thoughts while listening to the recent group call with you and Knut and others hosted by Bitcoin Magazine. ODELL (npub1qny…95gx) , I know The Mandibles is your favorite guide. But it is dark.
I want to write an alternate version called The Family Sakurai (桜井). Look up the symbolism of that kanji combination and you should find “well-spring of hope.”