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Exactly! Once you realize this it's mindblowing how e.g. a house can get more expensive (price) as it gets older while it is obvious it's value must have gone down instead

Bitcoin as is is not money, sorry Jeff. It lacks base layer fungibility that is either granted by law or by mathematics. Monero is the base layer money you are looking for. It's early stages which means it is visible (again) only for early Bitcoiners. Bitcoin with KYC and custodians is unfortunately heading in the wrong direction.

People storeed value in money for millennias. They used gold. No one sets prices in Bitcoin. No one lends Bitcoin and gets Bitcoin back with interest. Bitcoin isn't use as money. It's an asset at best.

The etymology of the word "asset" traces back to the Old French term "assetz," meaning "enough" or "sufficient." This, in turn, originates from the Latin "ad satis," which translates to "to sufficiency." Initially, "asset" referred to a legal term for sufficient estate to satisfy debts and legacies, but it later evolved to denote any property that can be converted into cash. The term has since expanded to refer to any item of value or resource, both tangible and intangible.

I found it interesting how in your podcast with Lisa how you brought up this point and she agreed and then she said “except for the house”. You two talked thru it and you could see her brain break in a beautiful way when it really landed. She got “Boothed”! lol. A house should not be a financial asset, it should just be a house. 🏠 We are all trying to really understand bitcoin but that fiat brain dies hard!

I love when people say it has no other utility.

The hardest of all assets is money is store of value. 🙌

I'm not so sure Jeff. Perhaps if you're talking about investors that understand monetary inflation, yes. But most people don't think about it in terms of "purchasing power", they just think that investments make them more money.

What's your AUM?

In German using bitcoin is called “ein privates Veräußerungsgeschäft” which translates to “a private sale transaction”. This language comes from gold and suggests they are used peer-to-peer. Calling bitcoin an “asset” is a limiting belief supported by a story called “capital gains”. Language is so powerful.

@npub1pm5z...xe07 explain please

Jeff is WISE View quoted note →

This is unbearable, sorry. Let’s criticise fiat money but also make sense: It is simply inaccurate that people have “never been able” to store “money in money”. 1. Gold used to be money. Great SoV, for millennia. 2. People also invest in land, equities. Both store value. 3. Bitcoin is down severely vs. gold. Has been for 4 years. Nothing changes. Economic laws are what they are.

Agreed. Bitcoin isn't just another asset. Bitcoin is a movement towards sound money and individual sovereignty.

Scarcity is the key word in this trust in Bitcoin

Hi jeff! Just saw an interview where you said you where toying with the idea of writing another book. You hinted that it would be about how bitcoin raises consciousness and heals the world. That is a really interesting topic and would love to read about it. Is the book happening? I also think it would be great if you shared more of your toughts on this in podcasts! Your first book was very eye-opening for me!

It’s a beautiful thing that Bitcoin is simultaneously money and an asset. It doesn’t give up the slow to liquidate aspects of an asset, nor does it give up the appreciation that just holding “money” does. It really is quite elegant, value in a completely refined form.

Hi Jeff. This article was published today along with our project Bitcoin Repricing the World. I’d really appreciate it if you could take a look and share any feedback.

Bitcoin Repricing the World

What will happen when the world starts pricing things in Bitcoin instead of government money? How will value itself look when measured by something...

Bitcoin Repricing the World - Hyperbitcoinization Calculator

Discover what everything costs in Bitcoin (BTC) when hyperbitcoinization occurs. Calculate prices in satoshis based on global wealth distribution.

#whybitcoin101 View quoted note →

As always 💯

Durability has been stripped away from the mediums of exchange, which we have been coerced into using. What happens to 'assets' when people realise that there is another medium of exchange that has been discovered? With perfect durability that you can hold allodial title of, and will transfer value across space and time? Jeff knows. View quoted note →

Well said

🔥🔥🔥

Exactly! I heard you say that in a podcast this week. Thanks Jeff. Love all your interviews 🧡🙏

Totally! Humanity has burned centuries of brainpower inventing assets just to survive broken money. Now that it’s fixed, what happens when that energy turns to building/fixing instead of hedging. The compounding of this will dwarf AI’s productivity. Bitcoin has liberated or shall we say unleashed a creative force we haven’t seen in millennia.

*The primary reason people believe in “assets” that protect their purchasing power is because they have never been able to store money in money*