Tom Karadza -- 167d I continue to be in awe at what I have learned from Jeff. And thanks for sharing this 🙏 reply [1 reply]I continue to be in awe at what I have learned from Jeff. And thanks for sharing this 🙏
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"Scarcity is imposed. Abundance is natural."This whole shift to AI and sound money is a bigger transition that I initially realized.The old economy runs on scarcity economics. They system we use today - banking, pricing, debt, interest - wereall built in a world where:Energy was limited, production was slow, information was expensive, labour was the bottleneck.This meant the economy evolved by managing "scarcity".It's what most economists and CEOs still discuss today ... the "economics of scarcity".(Aside: it really hit me when Eric Scmidt in a recent interview with Peter Diamandis, Moonshots podcast, assumedthat AI will centralize power/control and he couldn't see outside of the old system)In a scarcity based system, whoever controls the money supply, the credit system, the energy markets controlsthe distribution of wealth. This leads to centralization.Energy is abundant and is headed to becoming abundantly available (yes, we are early here but the trend toabundance is becoming visible). Intelligence is becoming abundant. Scarcity is not the natural state of theworld anymore.(Aside: We already produce more energy than we use — we just waste it. Bitcoin mining makes wasted energyprofitable, which increases usable supply and pushes the cost of energy down over time.)This is blowing me away.The sun hits earth with 10,000x more energy than humanity is currently using.AI turns intelligence into a scalable resource.Automation is turning labour from scarce to easily replicable.Bitcoin turns value storage into something that's fixed and incorruptible.So instead of economics being about who controls scarcity, it is now actively in the process of becoming abouthow efficiently we convert:Energy -> intelligence -> output -> value.We are now incentivized to think from physics instead of from finance and the assumptions I've used my wholelife are changing very quickly.Scarcity Economics:Value is limitedMoney is managed by centralized intitutions.Wealth accumulates upward.Savings doesn't work.Physics of Abundance:Value is producible at scale.Money is secured by energy.Wealth spreads outward through lower prices.Saving IS the mechanism of prosperity.If AI makes intelligence abundant, and Bitcoin makes money incorruptible, and energy increasingly comes fromexcess/stranded/renewable sources......then the limited factor in wealth creation is no longer "who controls the money".The limiting factor becomes: How much energy and intelligence you can access and coordinate.We are moving to a world where physics is more important than finances.Wealth in the future will flow to the people, companies, and regions that can power things (energy) and figureout what to do with that power (intelligence) — and connect those pieces efficiently (coordination).And with a new monetary layer (Bitcoin) is enabling global coordination between almost anyone.Scarcity has been imposed on us. Abundance is natural.And we're seeing this start to play out in a meaningful way right now.Completely wild time to be alive.I used to look at my favourite sunsets to admire the beauty (that's the Adriatic sea in the pic) ... and now Isee much more.https://blossom.primal.net/381645f41a0eb404f104eac6b35882971db93751a848402c992118f4c73103ea.png
Our article aligns with that: https://bitcoinawareness.substack.com/p/the-natural-human-economyThese concepts I learned fromnostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqaktkhj.
I continue to be in awe at what I have learned from Jeff. And thanks for sharing this 🙏
Our article aligns with that: https://bitcoinawareness.substack.com/p/the-natural-human-economy
These concepts I learned from nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqaktkhj.
🧡💜🙏