Bitcoin becoming about fiat gains is a distraction from the true innovation.
- Holding arbitrary amounts of value securely without a custodian. The cost of storing that value is independent of the amount being stored.
- The ability to transfer that value in a timely manner over a global and pseudonymous network without requiring permission.
Having this already allows us to form global circular economies and subvert most of the rent seekers. All it takes is willingness to participate.
Ape Mithrandir
npub16d…kh6vy
2026-02-06 03:04:07 UTC
Author Public Key
npub16dsu2ghu9yd363utyw7dejqc8rgx5ps7r4hxddrvx2x64dh73p7qqkh6vyPublished at
2026-02-06 03:04:07 UTCEvent JSON
{
"id": "f01e4aba06eb154e3bf71a6e5caab95cacdf45d977ce09eb97c02bae395f735a",
"pubkey": "d361c522fc291b1d478b23bcdcc81838d06a061e1d6e66b46c328daab6fe887c",
"created_at": 1770347047,
"kind": 1,
"tags": [
[
"alt",
"A short note: Bitcoin becoming about fiat gains is a distraction..."
]
],
"content": "Bitcoin becoming about fiat gains is a distraction from the true innovation.\n\n - Holding arbitrary amounts of value securely without a custodian. The cost of storing that value is independent of the amount being stored. \n - The ability to transfer that value in a timely manner over a global and pseudonymous network without requiring permission.\n\nHaving this already allows us to form global circular economies and subvert most of the rent seekers. All it takes is willingness to participate.",
"sig": "7126fa1eeab9390cc3deae12874db200f011f3def108a7484f348b20e2e1dc7c289ea8a1edb9aed8ec6fe14a283798dd23f668bb297326dc1ec9c734f7aa2f5b"
}