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This Valentine's day, let a Bitcoiner take out a Gold Bug of the opposite sex and vice versa.
Let's spread some love for hard money today and not war.
Is this a critique or praise?
It is not delusional thinking when one believes that a certain amount of Bitcoin existing can anchor the world. That would be like calling the human belief in a certain ethical code itself a delusion.
Fixing the monetary supply is a literal fixing of the economic rock upon which humanity can grow a robust economy towards the stars.
Maybe 21 million is not the perfect number. But for now, it is and it sharpens attention, good will and ethics.
To digress, if you look closely, all human systems have a code that is not changed on a whim. The English language has a dictionary and you can't simply decide that "this word which is foundational to the entire code is wrong". Ethics itself is coded by reciprocity of good, tolerance, positive sum thinking, etc.
The face detection machine could be rigged to one's personal server at home. hence privacy still rules.
This was a great read.
So money and langauge really do move together don't they.
To do an inference of the money is language idea, Bitcoin will thus make our language, and by extension thinking, better because it is a superior form of money.
Bitcoin will make us a better human species.
The connecting thread is specialization.
Language is really about communicating knowledge needed for specialization. Specialization cuts out noise and makes the overwhelming data provided by the world's environment manageable in a singular domain, in the midst of scarce resources.
Note however that the discovery of specialization is the force that discovers money.
Hence the connection.
To expound on language: It is honed by the specialist in their domain e.g. the language of doctors for example. Requires a source of beneficence to put a human being through decades of medical school if you want to produce a top most doctor.
Same goes for the best at anything.
Beethoven understands the language of music, but imagine if the people around him are all busy bodies who work all day on their farms doing everything themselves (growing, harvesting, cleaning, knitting, etc), then they'll be too tired to have mental energy left to appreciate his genius enough to elevate him to greatness.
It is indeed why the genius of women was oft buried by the mountain loads of housework that they had to do.
Which is why great works of art of science are produced by men with substantial wealth in their family background and rarely by those who live through crushing poverty.
Money elevates the intellect which, to grow even more, must find a way of enhancing specialization while solving a human need or disbursing a great goodness.
Music is a great goodness, while inventing mathematics is solving a need for efficiency though it might appear at the outset to be removed from money, it is a domino at the start of a chain leading directly to nanotechnology, rocketry, advanced medicine, etc.
Thanks for this @Scoresby.
Indeed the market isn't moving much with Saylor’s buys, because perhaps a lot of OG Bitcoiners are dumping Bitcoin to, say, get lobby positions in the dollar economy.
So while some see this as a time to dump dollars for BTC, some might see the current pro-Bitcoin administration as a chance to dump major BTC reserves so as to play the now favorable political game to Bitcoiners and earn from leverage (Saylor’s talking points are actually very pro-dollar. I could swear he is also on the other end of the trade, in which case, there you go).
I think we need to run for a while on this pro-Bitcoin administration and let OGs dump all they can to get on TV and sell all these treasury/couch-profits promises and whatnot, then we shall see dollar dumps as a true dollar dumps.
At some point, Washington will turn quite anti-BTC. Its in the nature of the BTC to not roll along with dollars.
The real competitive game between these two currencies can only be delayed, but not kept off the table.
Didn't understand well what you said about hoarding, but I think you meant that even the idea of hoarding doesn't work as strongly as promoting usage of Bitcoin directly for commerce (not via USDT. An easy habit to pick up given how used we are to fiat money. I mean, it was what we held first as babies.).
Which I agree with.
Because if the hoarded property is not being used, less people are thinking of it and in fact, over time, people like Saylor might be inadvertently moving Bitcoin out of the public consciousness where average folk who simply want their windows PC and excel spreadsheet get to find Bitcoin even more far removed from day to day commerce hence who cares what it is.
Some people may start thinking a Bitcoin is like shares in premium Real Estate and not money.
We need to fight this.
Ad:
This is why I've started https://bitcoinhighschool.com where we learn about Bitcoin and use Bitcoin to do learning.
I'm calling on ya'll to try out the quizzes and give me feedback.
Will be rolling out sats to whoever gets even one answer correct so stay tuned.
More features up ahead. Hopefully, Ill get big enough to ask Scoresby to do guest lectures for my students. Your analyses are indeed a worthy educational experience.
Thanks again.
Crony capitalists, you mean.
I hope Venezuela actually has 600k Bitcoin and it cannot be seized.
Governments want to elevate their power, not bad industrialists. Bad industrialists happen when government prints money.
https://github.com/MarvinMK-bit/DGOM-Dump-Gold-On-Mars-/tree/main