Investing is fiat thinking. How can you invest when you know the price of everything is wrong? There's only one thing worth buying, and if you think it's "investing" you're ngmi
How do you think about investing as a bitcoiner? nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z of TIP rejoins me on the show to talk about a range of related ideas:
HODL vs invest in companies
Microstrategy and other public companies
VC and early stage investment
Realistic investment hurdle rates
Technical realities as bitcoin grows
Discussion
Investing is not fiat thinking. Investing is part of capitalism. Investing now, instead of consuming, for increased prosperity in the future. Say you invest in Bitcoin focused companies to help along adoption, what is fiat thinking about that?
+1
Actually, I agree... But only about investing in Bitcoin companies. And I'm not saying investing will always be fiat thinking. Hyperbitcoinization is coming. All prices will reach rational equilibria. But right now, investing is fiat. Thinking Bitcoin is an investment is fiat. That's all I meant.