As I am writing articles explaining the importance of Bitcoin both to deepen my understanding and to prepare materials for orange-pilling folks, I realized that @Parker Lewis's "Gradually, then suddenly" is what I am slowly working towards: a compilation of essays in explaining why Bitcoin is important. Still, nothing is more valuable than actually writing things down as it forces me to organize my thoughts and fill the gaps of what I do not yet understand. And no harm in showing my own proof-of-work. One step at a time. kianjer.substack.com #Writing
Proof-of-work is meritocracy; proof-of-stake is aristocracy #Bitcoin #PoW
I know the institutions’ stacks doesn’t affect the protocol or network stability, but I can’t help but wonder if they could be planning some coordinated dumps-and-purchases to increase price volatility to shake off the weak hands and reduce confidence for the not-yet convinced. Those who are still early in the btc journey will still use the BTC/Fiat pair to determine its potential. But what if the institutions betray each other i.e. A, B and C agreed to sell together, but only C sold while A and B keep stacking. Another form of game theory? Or I’m just overthinking things. Fun thought though
Maybe a controversial take but my potential co-founder and I were having a discussion around jobs. We both agreed that a significant portion of jobs (especially white collar jobs) that currently exist are actually not necessary. They provide little to no value to the company or to society. I could relate from my previous job. The owner was basically running a private welfare company. Almost nobody gets fired (unless you commit some crime). So you get a bunch of C-players staying in the company. And we think its partly because the fiat system requires people to commit to these "dead end" jobs to make ends meet. Or because public companies need to grow at all cost to satisfy stakeholders. So we were wondering: what happens if we truly enter an age of abundance and more people were free from the 9-5 jobs? 1) Would most people go crazy and be completely unproductive like playing games all day long? 2) Or would most people find time to learn and discover themselves, maybe commit more to entrepreneurship and the likes; finding out what gives them meaning in life and get really good at doing those things? Of course its not a simple 2-case scenario, but thats the general direction we think things will go. Hopefully the latter scenario dominates.