john on Nostr: Also, I’m a huge proponent of using bitcoin as money — you should — but I think ...

Also, I’m a huge proponent of using bitcoin as money — you should — but I think it’s a little misguided to think we are going to collectively will into existence hyperbitcoinization by selling each other products and services for bitcoin. The reality is that if bitcoin is the best money it’ll win because the people we hate ultimately agree and use it, not because the plebs (and I use this term pejoratively) convinced their local hotdog stand to accept it for payment.

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I love DJ, but him and Mr. Booth say this kind of stuff a lot and I agree that it’s philosophically true and is a sound long-term perspective. But, beyond a way of framing your view of the world, it is practically meaningless for most people who struggle to save money and who live paycheck to paycheck. Again, this is _most_ people.

TLDR: NGU is not just a meme, if number doesn’t go up then it won’t be the denominator in any meaningful sense.

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