Gm, I think this is a mandatory read for ever #Bitcoin 'er.

The understanding of this text is essential in my eyes for properly understanding #Bitcoin and hodling.

All tho it is partly complicated it is possible for every reader to comprehend the thought behind it.

https://mises.org/library/yield-money-held-reconsidered

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Nice. Good read. Thanks.

Fiat world:

Savings are bad.

Parked money is 'unproductive'.

That's why we print it (steal it), to get it moving again.

Austrians:

Boy are you guys stupid. (not to mention criminal)

Do you know your future?

We need savings to deal with uncertainty.

Those who cause it are stupid yes, but also intelligent at the same time, they have wrong basic assumptions.

But the wider masses are deliberately kept in ignorance. (Ignorance is strength, after all)

A castle made of sand.

https://youtu.be/TxIxwakF85s?si=1Tyatlg3q8H1rt3J

Pretty sure nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev did a read of it way back in the pre-Bitcoin Audible "cryptoconomy" days.

Yes Bitcoin audible has it.

It's also availabe in other languages through others. I recommend to listen or read in mothertongue.

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