I have come to the realisation that orange pilling normies is largely a lost causeI have come to the realisation that orange pilling normies is largely a lost cause
They have been dripfed political poison by banks, governments and the media saying Bitcoin is a ponzi
The normies are chained in the cave, watching shadows on the wall (MSM) projected on the wall by the banks/politicians
When we come back from the sunlight and tell them, the shadows arent real, there is a whole world out there!
They don't thank us, they call us deluded!
The further I go away from the cave, the more I understand what Bitcoin really is
I was trying to conceptualize the future in a bitcoin standardI was trying to conceptualize the future in a bitcoin standard
I believe most normies in a Bitcoin future would still be as lazy as they are now
If there is a transition to Bitcoin as a unit of account, the vast majority would still be totally engrossed in their bread and circuses
They would get paid in sats and waste it on shit as they always do
They will still be sitting in the cave, just their sats will be held by the banks, because thats the convenient option
Also the pareto distribution would funnel the majority of Bitcoin to the 1%Also the pareto distribution would funnel the majority of Bitcoin to the 1%
The 99% will be too busy watching social media to notice
But the interesting difference is that if the supply of Bitcoin reduces in the general population because the elites are hoarding it
Things become cheaper!
This is really cooking my noodle because my frame of reference is this inflationary system
So if things are becoming cheaper, that means technically rent and wages need to reduce aswell?So if things are becoming cheaper, that means technically rent and wages need to reduce aswell?
Im sure this is where the Keynesian's stick the knife in saying deflation doesnt work
If a baker is selling bread and the cost of the bread reduces over time, how do fixed costs like building leases work?
It opens so many possibilities of economic theory, I can now see how Bitcoin is such a wide reaching phenomenon
Even the clueless normies would only have to hold some Satoshi's in their bank and they'd go up in value over time
It's obvious when you think about it, but all this investing in the stock market is just trying to hide from inflation
But what are we valuing Bitcoin in, without dollars? Loaves of bread?
This is like my brain is firing all these possibilities
Finally we know the debt based system is going to collapse, the politicians will never admit to itFinally we know the debt based system is going to collapse, the politicians will never admit to it
Watching the unrealised tax law imposed in NL is literally the government realising they are losing the grip of power
This is the then they fight you stage, governments will try this, then exit taxes, then outright bans
But then game theory of competing nations enter the stage, US and China, India Pakistan, North Korea South Korea etc
The only way is for all governments to agree, but then they suffer from the byzantine generals problem, the exact problem Bitcoin solved
Oh the brutal irony!
Permissionless money lets anyone step into the light…