Would be interested to learn more about how to xmit BTC using Ham radio. Which modes could be used? I assume the TCP/IP layer is still required at some point in the process? Knowing that Ham radio is not (may not be) encrypted, would your private keys be exposed if you tried to send BTC to another wallet via the Ham bands? Digital modes are getting better & better - I especially like LORA/Meshtastic - Very cool stuff - 73, Ernie, HB9GUF
Could you please ask him to elaborate how his POV differs from Saylor regarding "Medium of Exchange" vs. "Digital Property"? Also: Jeff does not believe BTC can be/should be financialized (no earning yield from BTC!)...can he explain why not?
Not true. There's ample evidence in history of sound monetary systems (gold/silver-backed) where savers would would invest (purchase debt or equity) in capital projects which would deliver their original principle + yield + on-top profits for the banks & entrepreneurs. The British Pound in late 19th and early 20th century is a prime example: people would purchase the British Gilt which would yield a 6% return. Of course, eventually, the BOE f'd it up and printed "paper" against the pound (literally a pound of silver metal) to pay the yield to the depositors, which ended in catastrophe!
My question remains: is it possible on a BTC standard (21M) to offer a yield against risk? What could that look like? Of course, it will likely never be "6% yield, fully backed!" - but what could it be? What could it look like? Or, are we relegated to the fact that BTC can ONLY be a medium of exchange: no yield, no investments, no capital, just MOE...?
Thanks Jeff. Would be interesting to dive deeper into what "investing" would looking like under a BTC standard (BTC as a MOE): How could bonds (issuing debt) be valued based on those holding BTC on layer-2 (would today's cost-of-debt, cost-of-capital, WACC equations apply?)? If there is no debt-issuance, how can debt be created - or should it? Would we forego debt all together and only have equity? In your example: Investing in Ego Death, Fediment, etc.: we're purchasing shares (ok, maybe convertible notes that turn into shares....but go with it..) with no guarantee, promise or backing of a return or yield (the investor owns 100% of the risk) Would we just cancel debt-instruments and only have 1. BTC as MOE & 2. Equity (shares)? Is it even possible (under a BTC-standard) to issue equity without debt? What does that look like? As you say, it's hard to see the system, when you're in the system....in this case, it's difficult to calculate how, exactly, capitalism (debt/equity issuance) will function under a BTC standard - would today's financial mathematics even apply in a future BTC world?
https://youtu.be/wudaDSgI49k?si=GWvIjKrCmMNIN0Vb
"I do believe there's a God, and I do believe he's gonna come down and reap vengeance on all these Fiat Assholes!" L.L.
Awesome interview nostr:nprofile1qqsvfr3f7p95stxqrjslnmuvsmhcxxxqt8swjdfjx5tz7zq0yms5cygpzemhxue69uhhyetvv9ujumn0wd68ytnfdenx7qg6waehxw309aex2mrp0yhx7unpdenk2urfd3kzuer9wcq3gamnwvaz7tmjv4kxz7fwv3sk6atn9e5k7raruhg - Well done Sir! @Bitcoin
In 15 years, self-custody will be as easy & straight-forward as using your smartphone today. The entirety of Gen-Z & Gen-Alpha will be nearly 100% self-custody - They will proliferate self-custody further to the other generations.
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