Ov1, a Taoist Bitcoiner on Nostr: My work only expands my wealth when I can trade my excess production for other's work ...
My work only expands my wealth when I can trade my excess production for other's work that I could not, would not do myself.
For instance, I have done the work of writing a very useful book, yet no one has read it due to my lack of exchanging it with them, so that potential created by my doing the work has yet to be realized. Likewise, my doing the work of providing 10k hours of massage to clients on my tables created some small amount of wealth for me from each of them. But doing the work of curating, capturing, and distributing my knowledge and skills to the market through a video enables me to exchange that work with potentially many 10s of 1,000s. Yet, the capital creation won't occur merely from my "doing the work" of creating that educational course, it will only happen when I mannage to provide my knowledge in exchange for their sats that "new" value was created.
Now scale this up another level, looking at those providing services that cultivate higher volumes of exchange occurring more frequently, as you are doing with Azte.co and I intend to do with these PlebKeys. Facilitating faster settlement, more convenient entrance/exit of capital into/out of the marketplace, and not forcibly capturing their private data will create more wealth as a byproduct. Taking the brakes of the velocity of money settlement, removing the friction shrinking the flow of current, and removing impediments to entering/exiting the marketplace creates massive potential for growth once the parasites have been removed from the system.
For instance, I have done the work of writing a very useful book, yet no one has read it due to my lack of exchanging it with them, so that potential created by my doing the work has yet to be realized. Likewise, my doing the work of providing 10k hours of massage to clients on my tables created some small amount of wealth for me from each of them. But doing the work of curating, capturing, and distributing my knowledge and skills to the market through a video enables me to exchange that work with potentially many 10s of 1,000s. Yet, the capital creation won't occur merely from my "doing the work" of creating that educational course, it will only happen when I mannage to provide my knowledge in exchange for their sats that "new" value was created.
Now scale this up another level, looking at those providing services that cultivate higher volumes of exchange occurring more frequently, as you are doing with Azte.co and I intend to do with these PlebKeys. Facilitating faster settlement, more convenient entrance/exit of capital into/out of the marketplace, and not forcibly capturing their private data will create more wealth as a byproduct. Taking the brakes of the velocity of money settlement, removing the friction shrinking the flow of current, and removing impediments to entering/exiting the marketplace creates massive potential for growth once the parasites have been removed from the system.