What are some examples of “fiat thinking”? \ stacker news ~bitcoin

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What are some examples of “fiat thinking”?

12 sats \ 15 comments \ @SatoshiNakanodo 13 Feb 2023 bitcoin

Because we need to be able to recognize it and maybe even point it out to people who are unaware. I'll start...

Prices go up. That's just how it is.
My employer gives me a 2% “cost of living” pay increase every year. Nice!
I have savings accounts at 7 different banks – each one offered me .05% above what my previous bank was paying.

Others?

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121 sats \ 9 replies \ @mallardshead 13 Feb 2023

—Civilian guilt of honoring military personnel

—Thinking that waiting for a single dude to come out and set the world's monetary policy is a free market

—Prestige of politicians

—Cars

—Elon Musk

—Michael Saylor

—Any book with a living person's face on it

—TikTok

—CEX's

—Credit Cards

—Non-encrypted email

—Aliens

—Gambling Apps

—Facebook

—Mainstream Podcasters

—Watches

—Homes you don't live in

—Mentioning a celebrity for any reason

—Handbags

—Yeti Coolers

—Trading Cards

—Attending Church

—Using the word "Collectibles" with a straight face

—Expensive liquor

—Cable TV

—Unworn clothes

—Anything that goes in a safe besides a hardware wallet or stamped metal

—Identification

—Powerball

—UberEats

—Unused subscriptions

15 sats \ 3 replies \ @clr 13 Feb 2023

Wow, that list is really comprehensive! I'm glad you mentioned Saylor, since there are many "bitcoiners" who can't stop enshrining him.

Regarding identification, I try to avoid KYC and companies that ask for ID as much as I can. But I am not ready to give up my passport or residence permits. Without those, crossing borders and staying where I want would be extremely inconvenient, to say the least. I'm curious, what's your stance on this?

I believe that some system of identity and reputation will still be necessary to lubricate human interaction and commerce. It's possible that such system may be built upon Bitcoin and Nostr. As long as it's a self-sovereign system and we don't depend on governments or other institutions to grant us identity and "personhood" it will be a huge improvement.

1 sat \ 1 reply \ @mallardshead 13 Feb 2023

Reputation is important. Bullish on Slashtags being developed by Synonym for this. However much identity you choose to share is a good thing. I'm not so bullish on DIDs being developed by certain companies, or the Auth0 company bullshit.

Bitcoin doesn't comply with borders obviously. And I think as it demonetizes the political class, and does away with their expensive enforcement actions, ability to finance war, etc, borders will start to disintegrate later this century.

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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11 sats \ 1 reply \ @SatoshiNakanodo OP 13 Feb 2023

When you say "Watches" I assume you mean as collector items or investments (a la Mr. Wonderful)? What if I want to wear a watch so I know what time it is?

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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1 sat \ 1 reply \ @GhostofTruth 13 Feb 2023

Eating frozen (then warmed-up of course) pizza in front of the 8 p.m. msm news...

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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10 sats \ 3 replies \ @GhostofTruth 13 Feb 2023

Politicians that feel the need treating the "sovereign" like stupid kids by financing subsidies or 100s of initiatives with newly printed money