nostr:nevent1qqsgrekcmft3cggd269j0xduw9fxa2hzrmehvs9erqqq9mzvc4j7lrcpremhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet59upzpprrqa5g5z0vzy5k06c9gnnc485gcj84qufv88k5j8ljkmaqrxhgqvzqqqqqqyuptc7m
This is a really great point!! As usual from nostr:nprofile1qqsggcc8dz9qnmq399n7kp2yu79fazxy3ag8ztpea4y3lu4klgqe46qpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq35amnwvaz7tmwdaehgu3wdaexzmn8v4cxjmrv9ejx2asprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvg26msf
Main fun takeaway I got from this about #Bitcoin is that people will only ever stop paying for it when there is a better alternative. And there is no better alternative. It is the apex money that is going to be forcing governments to shape up and compete or accept it as their standard. There is no government that will ever issue money that is better than Bitcoin. If there ever were a free market alternative that was actually better, then this is what would overtake Bitcoin, and in that case, good! No matter what, we will have good money. A form of money like Bitcoin that anyone can use is inevitable now that this technology and incentive structure is in place!
As per usual, as has been happening for hundreds of thousands of years, humanity adopts industry technologies that facilitate better living and the ability to do greater things. Once the technology is invented, it doesn't go away. It becomes part of the society forever, even if it is relegated to the background or iteratively modified: the axe, the sling, writing, the abacus, beef jerky, the automaton, the ledger, and now the permissionless immutable ledger.
This innovation is going to spawn an industrial revolution of the global south like we have never fucking seen, and a revolution of taking power back from governments, fascist bankers, and criminals the world over. The ledger caused the industrial revolution that brought about modern capitalism with so much industry, entrepreneurship, and high living standards. The decentralized, permissionless immutable ledger is a similar advancement that steers us into sustainable, voluntary capitalism, which is all of the good aspects of what we have now amplified to 11.
#IndustrialRevolution #GlobalSouth #Voluntarism #Innovation
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