Oddbean new post about login | logout I know hindsight is 20/20, But I have this conversation so many times a day and it’s seems like the simplest concept. Everything we make as measured in energy takes less and less energy per good Everything we make as measured in currency costs more and more per good. So what’s the sensible thing to do? Stop using currency and use energy money instead. All bitcoin does is accurately represent the energy to good ratio without manipulation. Thank you @Jeff Booth for articulating this so simply and effectively, it’s an incredible foundation to stand on.
Plague or cholera
Well said! If only more people understood this.
What also follows from that logic: you should probably make stuff.
Yes thank you Jeff for trying to explain to George Gammon that it’s really difficult for humans to think in terms of an iPhone when they don’t know anything other than land lines with rotary dials🙂. Loved your point on the fact we have never seen faster, stronger, more secure technology lose out to slower, weaker, less secure technology which is also corrupt. Sure it will take some time but let’s not forget the iPhone was first released June 29, 2007 which is yesterday and look where it is today. If bitcoin just sees similar network effects it might just surprise everyone how swift and powerful the bitcoin standard can be and it can operate on parallel rails for a while so the pain is not as severe. Great job and both of you were polite and well informed. My thought is that George bought more bitcoin after the debate and like Mary the mother of Jesus, he is pondering things in his heart.
Brilliant insight🤯
This is truth. Great wording. If you look through the lens of energy your world view changes. nostr:nevent1qqsvmss0q6nc8cu30ezdccnh4vgqgn0f97jwhxwrjxwnmxyj28xd99cpp4mhxue69uhkummn9ekx7mqzyp64zfn3l2hez0dzd5uajsa5wgfm203c9u49wxckq634327yrw93uqcyqqqqqqgp4nry3