Rick Allen
7.5K posts


This necessarily would mean productivity growth to the moon, prices of goods and services collapse, consumer utopia for pennies per day.
nic carter@nic_carter
everyone I know believes we have a few years max until the value of labor totally collapses and capital accretes to owners on a runaway loop - basically marx' worst nightmare/fantasy. this is the permanent underclass thing. and everyone I know subscribes to it
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@JoshMandell6 @BitPaine Also in it's network size and physical infrastructure + ties to energy build out. It's the most secure, largest network, deepest history. These things are not copyable.
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“What prevents another country from copying the American Constitution, given that America is clearly the greatest country in the history of the world? Nation states are a human construct after all, when all is said and done. There is no law of physics that states that Europeans have to be poor and freedom-less.”

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@realEstateTrent @AlecTorelli A combination of network adoption, fiat debasement, and technological deflation leading to productivity growth.
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@AlecTorelli Why is the value of this money going up so fast ?
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On Bitcoin:
Some of the smartest and most successful investors I know are very bullish on it - but for some reason I can’t see it.
It goes against everything I know and believe in about investing.
That being said - happy to see it go up (as long as it doesn’t crash, which at this point would probably impact many that don’t even own it)
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@BTCsessions @saylor I'd love to hear how he envisions the future over different time durations as BTC monetizes. How does he see that affecting individuals, companies, governments etc?
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Hypothetically speaking, if you had the chance to sit down with @saylor and ask him a question that he's not already been asked, what would it be?
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@GrummCT @JoshMandell6 @LynAldenContact That's been my thought for a while. The idea that gold has utility value actually dillutes it's value as money. We should just demonetize it with BTC so we can put it back in to industrial use.
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@JoshMandell6 @LynAldenContact Just a generally educated thought. If gold as a commodity continues to increase in value does that not lead into cost increasing within other sectors such as electronics which seems inflationary, does this not give more credence to non-commodity based store of value BTC?
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@LynAldenContact - Next up, Gold is going to put the "4x" in Forex and overtake the greenback.
Then, after Brazil splits with the RICS, it's two-bits, four-bits, six-bits, a dollar! All for the Bitcoin, stand up and holler!
Lyn Alden@LynAldenContact
Gold overtook the euro as the #2 reserve asset last year. Top three by market share: Dollar: 46% Gold: 20% Euro: 16%
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@joshdholtz You could call it "The Pizza Party" and only play pizza shaped instruments
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@willreeves Would be great to have an option to "live on zero" where all debits come from the BTC balance vs. having to keep a USD balance
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@JacobCanfield Entrepreneurship, continuous learning to be able to adapt as the world rapidly changes will be important. Learning how to learn and question the norms. Try hard things that will take a while to see through vs. going through the traditional milestones.
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@JacobCanfield Human to human stuff. AI is way better at chess than us, yet we still love to follow along with Magnus Carlson. H2H services, experiences, and all of that, I believe, will have staying power because humans love to see other humans achieve crazy things.
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@adcock_brett You'll perform better long term if you maintain a healthy diet and fitness. It might seem like the extra hour of grinding at the office is worth it, but I'd bet you'd have better long-term results with more balance.
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I can either lose weight or keep high office hours to ship humanoid robots.
Pick one.
Z. 🚀@Z_thelastguy
@adcock_brett You are at least 30 pounds heavier in the YouTube video than in this photo.
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@ts_hodl I find it's easier to measure the magnitude of my savings when measuring it in months (for me it's for a FIRE number). So it helps to give me perspective
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@ts_hodl The thought here is that there's going to be a lot of volatility and we tend to try to measure things in dollars and then convert that to BTC. However, since the dollars are a flexible ruler and BTC is going through adoption, it's hard to use sats as the unit of account.
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@ts_hodl Agreed! Curious about your thoughts on this: I try to measure my savings in months (based on average expenses). That helps to take out the noise between the USD x BTC conversion and account for my personal inflation
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@thetrocro We secured the skull
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