Happy Sunday! Getting some good comments on this. (besides all the shitcoiners and their spam bots) Might have even converted a few to #Bitcoin and #Nostr. https://youtu.be/HgKPZO0ckX4?feature=shared
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I’ll watch in a lil bit Happy Sunday Jeff!
Just listened to the Podcast. 3+ yr bitcoiner... 45% BTC. 55% altcoins like Ada, Matic, Algo. What r your thoughts on these "high end" cryptos that have real development efforts going on?
I feel confident speaking on Jeff’s behalf on this one. Bitcoin is the single true measuring stick by which the advances in technologies translate to deflation. Benefits flow to consumers in the form of lower prices. Everything else is a distraction as far as a monetary base layer.
I think “in time” they all go to zero. This is why: https://www.jeffbooth.ca/post/finding-signal-in-a-noisy-world
I ended up here trying to answer my question above... From your article: "Over time, people will realize that instead of pricing Bitcoin “from the system” that they live in today, Bitcoin will price everything in that system." Took me a second to conceptualize it. Goods/services will be priced in Bitcoin... based on supply/demand (and market) forces intrinsic to Bitcoin *itself; reflecting the natural deflationary effects of its limited supply and the principles of free market competition. The lakehouse analogy makes sense. It can be so mind-bending to break free from traditional economic models and the current pricing system. Paired with AI and tech exponential growth, the value of BTC is going to melt faces. 🤯
Happy Sunday Mr Booth!
I think we're already seeing what will happen to miners as all coins are mined.. It seems we're seeing fees go up some, as the number of coins being mined goes down.. Now, when every coin is mined, will the BTC network become something of a NOSTR network? I don't think I'm smart enough to know.. Of course, when's the last coin to be mined? 2140 ? I don't think I'm gonna have to worry about this, unless I end up in the Guinness Book of World Records..
My most lucid moments seem to happen when I’m listening to you speak
😂
When you use your Lakehouse BTC price analogy... isn't the price still 'index-to' fiat? And doesn't the property/real estate value impact this value too? 🤔 Is your analogy just meant to get people to re-frame their perspective in the new system? Pricing the new system in fiat terms, is IMO, clunky, but is the common normie vernacular. I'm still wondering how we reference the value of a Sat in the parallel system w/o the index of fiat. 🤔 Is it energy costs/mining costs eventually? Thoughts?
This episode made me check nostr again. Great conversation Jeff!
Ty!
inciteful as ever. particularly enjoyed the close ... price of tommorow II 🙃 also intrigued to hear your thoughts on @JD comment below - pricing in btc. a very common challenge for all in the business space, particularly those working volume/low margins. it's old school currency transfers but with 30%+ volatility. GM 🙃
Just finished the episode and downloaded Nostr because of it. Fascinating listen all around, I just want to preserve my economic energy. I have trouble when people get in too deep about throwing the baby out with the bath water in the current system
Welcome to #Nostr! Put an LNURL in your profile so you can receive zaps.
Working on it, I haven’t done much with lightning yet as it’s not prevalent in the US so I need to teach myself how to set a LNURL up
Welcome to the new frontier. Where your social graph is your private property and npub interoperability creates a free market of ideas.
I appreciate it, I am learning to navigate it all and getting caught up to speed on the concept in general. Bitcoin is a hobby, but I am doing myself a disservice my not fully understanding the future of data ownership and decentralization
Feel free to listen to @Plebchain Radio podcast on fountain. We try our best to speak to the culture of Nostr + Bitcoin and how it touches multiple facets of life through Freedom Technology. Many pleb stories, many different angles.
Appreciate it, I am constantly looking for useful podcasts. A lot of the stuff on YouTube is just daily chart analysis which I don’t care about except to scoop more in dips. I’m just a crab but am full blown orange pilled
We don’t talk NGU. It’s not why a lot of us are here. 🤙🏻
Understood, value for value at great scale is a fascinating concept across all domains of the economy. Was just listening to a few minutes of one of your podcasts. With the rails of a nostr and Bitcoin, I see the vision you are painting. Interesting stuff, thanks for the contemplative thought before bed
It’s a lot to grasp at first glance and with the constant development of Nostr the cohesion of Nostr + Bitcoin + V4V amplifies. We are in a very special time and place. Thanks for listening in.
Do you think Nostr is the place it all happens? In my limited understanding, it’s valuable for content creators/musicians as the “public town square”. I hope to see similar models for the gig economy. I read about a decentralized Uber replacement. Hopefully see it for Fiverr/Upwork too. Every “marketplace” should be a V4V in my eyes
More users, more micro payments. That’s all it will take for anything to be possible on the V4V side. Simple having the portability of your social graph bounce from service to service. Web of Trust, Wallet and Etc will all empower a frictionless marketplace beyond our legacy minds can comprehend.
Just listen to you on Scott's show. Great stuff. I think you are going to convince Scott and a load of other shitcoiners to jump ship and go bitcoin only! Great stuff.
Great show!
Well done Jeff. No doubt you converted some to #bitcoin and #nostr 💪🏻
Thanks my friend!
this was one of the best ever - I think you have more effect when the interviewer sometimes takes a big pause when after one of your responses - I've seen @bram doing it too !!!!
This just made my day, @Jeff Booth is thinking of writing a new book! can't wait. nostr:note195naq8jau7mqek89dtdwxtac5sc23vp36cju0a7hkvfukjndh73sp0zead