Tl;dr
Fellow Bitcoiners,
After @npub15dq…llm5m recent appearance on @npub1gdu…76nak podcast, I'd love to see content openly and constructively debating how credit, even if decentralized and peer-to-peer, won't work and isn't a good idea in a hyperbitcoinized world. Leave the higher morale, the ridiculing memes aside and let's constructively onboard more people with uplifting and convincing ideas. Because that question pops up a lot.
I may not like it, but Michael Saylor has a realistic vision for a fiat world based on Bitcoin, one that most of his fellow entrepreneurs will appreciate. What's the vision of a "true, full potential, decentralized, deflationary" Bitcoin world? Can you share some good material? @npub1mz7…5tl8g @npub1der…9xzpc
I appreciate the vision of @npub1s05…6eyhe a lot. Very different, but also Edan Yago has interesting thoughts.
Let's make it as imaginable as possible 🙏
Merci!
Example:
In a world denominating everything in Bitcoin. I am 24 years old and like to start with a great business idea, buy land and renovate a house. Where will I get the money from if I don't have it right now? But I am highly confident that with my youth and vigor I will produce value for society with my business. I can't? I have to work 10 years as an employee before, to be able to generate the capital myself before starting a business?
Alright, say somebody is willing to lend me 1 BTC for my business (peer-to-peer, self custodial, on an open decentralized protocol). The lender doesn't even take interest, but just wants the 1 BTC back over 10 years. With the appreciating value of Bitcoin vis-à-vis all goods and service - say still 10% per year - repaying is tricky enough. So, one may argue providing credit will become very unattractive. Still, the need for urgent economic activity will remain for people. How does a purely Bitcoinized world address these needs? Or in a world of abundance these needs won't be prevalent anymore?
I'm really open and think it's fun to go through these scenarios. All will happen for the best 🙏
Fellow Bitcoiners,
After @npub15dq…llm5m recent appearance on @npub1gdu…76nak podcast, I'd love to see content openly and constructively debating how credit, even if decentralized and peer-to-peer, won't work and isn't a good idea in a hyperbitcoinized world. Leave the higher morale, the ridiculing memes aside and let's constructively onboard more people with uplifting and convincing ideas. Because that question pops up a lot.
I may not like it, but Michael Saylor has a realistic vision for a fiat world based on Bitcoin, one that most of his fellow entrepreneurs will appreciate. What's the vision of a "true, full potential, decentralized, deflationary" Bitcoin world? Can you share some good material? @npub1mz7…5tl8g @npub1der…9xzpc
I appreciate the vision of @npub1s05…6eyhe a lot. Very different, but also Edan Yago has interesting thoughts.
Let's make it as imaginable as possible 🙏
Merci!
Example:
In a world denominating everything in Bitcoin. I am 24 years old and like to start with a great business idea, buy land and renovate a house. Where will I get the money from if I don't have it right now? But I am highly confident that with my youth and vigor I will produce value for society with my business. I can't? I have to work 10 years as an employee before, to be able to generate the capital myself before starting a business?
Alright, say somebody is willing to lend me 1 BTC for my business (peer-to-peer, self custodial, on an open decentralized protocol). The lender doesn't even take interest, but just wants the 1 BTC back over 10 years. With the appreciating value of Bitcoin vis-à-vis all goods and service - say still 10% per year - repaying is tricky enough. So, one may argue providing credit will become very unattractive. Still, the need for urgent economic activity will remain for people. How does a purely Bitcoinized world address these needs? Or in a world of abundance these needs won't be prevalent anymore?
I'm really open and think it's fun to go through these scenarios. All will happen for the best 🙏
