Cykros's avatar
Cykros
psyche_eros@iris.to
npub1lcet...3apw
πŸ‡΅πŸ‡ΈπŸ΄β€β˜ οΈ
Cykros's avatar
Cykros 6 days ago
'You can just buy Bitcoin and ignore it.' Except you can't. Sure, your Bitcoin won't be debased. But the productive capacity of humanity is an engine that right now is running on fiat. The fuel you put in an engine determines its output. And Bitcoin's purchasing power is a finite value that grows because humans usually produce more over time. If fiat debt makes the humans produce less, the Bitcoin will stagnate too. Buying Bitcoin and doing nothing just gives you a first class ticket on the Titanic. To really fix the issue we need to change the fuel in the engine. Sorry for the mixed metaphors but hope the point is made. https://fountain.fm/episode/Bxag6VnpV8amMMzaFwpF View quoted note β†’
↑