“I just want everyone in the world to be able to buy milk at the grocery store without fiat — non-custodial”
Of course that’s the goal from a payment standpoint, but that’s a pipe dream if you don’t fix the pricing of capital and the deepest monetary market in the world.
Wishing for that without fixing the massive monetary base is like wishing for great poetry without caring whether the language works at all.
If you think you are the only one who cares about that you’ve made a grave error. You misunderstand the path dependent means of getting there, and so you toss out the most important tool for achieving your goal before even getting started.
The simple truth: nobody has invented noncustodial P2P cash that scales for the whole world as a retail payment network yet. It simply doesn’t exist yet, but it can ONLY be (and will be) built on top of a permissionless, decentralized, global monetary base.
https://fountain.fm/episode/cLNMTcWrFO3hlQXk8e1K
TheGuySwann / Guy Swann
npub1h8…6rpev
2024-08-29 19:07:08
in reply to nevent1q…luj4
Author Public Key
npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpevPublished at
2024-08-29 19:07:08Event JSON
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"content": "“I just want everyone in the world to be able to buy milk at the grocery store without fiat — non-custodial”\n\nOf course that’s the goal from a payment standpoint, but that’s a pipe dream if you don’t fix the pricing of capital and the deepest monetary market in the world.\n\nWishing for that without fixing the massive monetary base is like wishing for great poetry without caring whether the language works at all.\n\nIf you think you are the only one who cares about that you’ve made a grave error. You misunderstand the path dependent means of getting there, and so you toss out the most important tool for achieving your goal before even getting started. \n\nThe simple truth: nobody has invented noncustodial P2P cash that scales for the whole world as a retail payment network yet. It simply doesn’t exist yet, but it can ONLY be (and will be) built on top of a permissionless, decentralized, global monetary base.\n\nhttps://fountain.fm/episode/cLNMTcWrFO3hlQXk8e1K",
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