Discover and read the best of Twitter Threads about #SatsTheStandard
Most recents (2)
I love how streaming payments and #value4value are evolving. Shout-out to all the people who are working hard to build the censorship-resistant closed loop economy!
As I've said before, earning and spending sats is a natural thing once you drop fiat and bitcoin becomes the money of your choice.
#SatsTheStandard
#SatsTheStandard
I'm more convinced every day that the #value4value model is the right model to monetize information, so I'm very happy to see some data that indicates that my suspicions are correct, or at least not terribly wrong!
dergigi.com/2021/12/30/the…
dergigi.com/2021/12/30/the…
1/ It's intuitive for smart people to see Bitcoin as a ponzi/bubble at first.
Why?
Because MONETARY VALUE is DEPENDENT on OTHER HUMANS. If you are trapped on a island alone, monetary goods (dollars, gold, bitcoin) serve no use for you.
Why?
Because MONETARY VALUE is DEPENDENT on OTHER HUMANS. If you are trapped on a island alone, monetary goods (dollars, gold, bitcoin) serve no use for you.
2/ However, a fishing pole is valuable whether you're alone or not.
Like most goods, it isn't dependent on other humans to be useful.
It's a tool that will help you obtain food whether you're alone or with billions of other people.
Like most goods, it isn't dependent on other humans to be useful.
It's a tool that will help you obtain food whether you're alone or with billions of other people.
3/ But just because Bitcoin's value is DEPENDENT on OTHER HUMANS doesn't mean it's simply a ponzi based on a "collective hallucination".
