Reminder to all ESG virtue signallers: fiat currencies don’t give the optionality to delay purchases/investment decisions, or best: to do nothing!
You must act swiftly or inflation will erode purchasing power. The builtin incentive structure is to spend/invest cash right away (=wasteful by design). Adopt sound money if you care about the planet. #bitcoin
nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z
consume shit or build shit
Indeed 💯
Fiat noise allows you to build useless shit and be successful in fiat terms. People consume that shit, amazing.
Funny, all the central bankers, politicians, and corporate board members need to do to “address” climate change is embrace raising real interest rates - aka risk free rate(s) - to encourage savings and thrift over consumption,spending, and frivolity.
But these “leaders” can’t bring themselves to do it for either (1) incompetence but more likely (2) lack of courage to take action that will absolutely be wildly unpopular.
No matter, bitcoin increases the price of money for them without asking their permission. In this way, bitcoin addresses climate change better than any international treaty or mandated fuel switching/infrastructure build out. And that’s not even considering the direct benefits of monetizing waste/spare/curtailed energy (e.g. flare gas).
I love this framing 😎
