TheGuySwann on Nostr: All of it is downstream. • Private payments are meaningless if your value can be ...
All of it is downstream.
• Private payments are meaningless if your value can be confiscated through arbitrary counterfeiting.
• Settlement assurances don’t exist if the supply isn’t scarce.
• Ownership of a UTXO means nothing if its relative value has no guarantee whatever because the monetary unit is arbitrarily defined by some other institution.
• Decentralization doesn’t matter if it doesn’t protect the rules for *what a bitcoin is.*
It makes no difference if people understand it or not. It’s still the simple truth. The $100 trillion value proposition is to create a verifiable, state resistant monetary system. Literally nothing else matters, nor even works if that isn’t secured.
Any particular person’s failure to understand this is irrelevant. As long as #Bitcoin continues to be 21 million, all the rest remains possible.
• Private payments are meaningless if your value can be confiscated through arbitrary counterfeiting.
• Settlement assurances don’t exist if the supply isn’t scarce.
• Ownership of a UTXO means nothing if its relative value has no guarantee whatever because the monetary unit is arbitrarily defined by some other institution.
• Decentralization doesn’t matter if it doesn’t protect the rules for *what a bitcoin is.*
It makes no difference if people understand it or not. It’s still the simple truth. The $100 trillion value proposition is to create a verifiable, state resistant monetary system. Literally nothing else matters, nor even works if that isn’t secured.
Any particular person’s failure to understand this is irrelevant. As long as #Bitcoin continues to be 21 million, all the rest remains possible.