bostonwine on Nostr: Something I’ve thought about a lot in the past couple of years: Money is the one ...
Something I’ve thought about a lot in the past couple of years:
Money is the one good that every single person uses. It’s one half of nearly every trade.
As long as the price of money is set by a centralized entity, a true free market is fundamentally impossible, because every transaction is influenced by price controls.
I literally just had to pull the car over to start writing: while listening Jeff Booth (npub1s05…eyhe) describe “lightbulb moments” (in the context of free markets and deflation), a lightbulb — call it a zap — struck me profoundly…
Unlike the fiat system, Bitcoin IS a free market for money. Meaning that in Bitcoin terms, “half the equation” is already resolved into a deflationary free market system. Even with governmental price controls on many products, because of how radically free Bitcoin is, it completely changes the nature of the trade.
What clicked for me was this: Bitcoin exists — it’s already here — meaning that, humans already, here and now, have the choice to operate/participate in a free market, where prices fall forever.
It’s not “when we reach hyperbitcoinization” or “when Bitcoin is legal tender” or “when adoption happens on XYZ level” (although all off those help to can grease the wheels). It’s already here, if you CHOOSE to measure in Bitcoin.
No joke, my mind was blown so fully that I had to pull over so that I could write this stuff down. Now that I did, I realized it belongs on Nostr 🫡
Back to the drive, and to the podcast. Thanks for keeping my wife and I company, walker (npub1cj8…rz4u) and Jeff 🙏🔥
https://fountain.fm/episode/nvE4MO4qv2SB4q9ZcItK
Money is the one good that every single person uses. It’s one half of nearly every trade.
As long as the price of money is set by a centralized entity, a true free market is fundamentally impossible, because every transaction is influenced by price controls.
I literally just had to pull the car over to start writing: while listening Jeff Booth (npub1s05…eyhe) describe “lightbulb moments” (in the context of free markets and deflation), a lightbulb — call it a zap — struck me profoundly…
Unlike the fiat system, Bitcoin IS a free market for money. Meaning that in Bitcoin terms, “half the equation” is already resolved into a deflationary free market system. Even with governmental price controls on many products, because of how radically free Bitcoin is, it completely changes the nature of the trade.
What clicked for me was this: Bitcoin exists — it’s already here — meaning that, humans already, here and now, have the choice to operate/participate in a free market, where prices fall forever.
It’s not “when we reach hyperbitcoinization” or “when Bitcoin is legal tender” or “when adoption happens on XYZ level” (although all off those help to can grease the wheels). It’s already here, if you CHOOSE to measure in Bitcoin.
No joke, my mind was blown so fully that I had to pull over so that I could write this stuff down. Now that I did, I realized it belongs on Nostr 🫡
Back to the drive, and to the podcast. Thanks for keeping my wife and I company, walker (npub1cj8…rz4u) and Jeff 🙏🔥
https://fountain.fm/episode/nvE4MO4qv2SB4q9ZcItK