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People assume owning a couple of Bitcoin is generational wealth and they will hodl forever. This is assuming that there is another form of money, like a dollar, that we use. If Bitcoin fulfills it's destiny and becomes defacto money, people will have to spend it, thus not hodl forever.

So, even with the purchasing power of Bitcoin increasing, more sats will be distributed through purchases, wages etc... Our offspring will be forced into proof of work, value 4 value.

Sounds good and honest to me

MAHDOOD 9mo ago

It just depends how much you have I guess. You never have to work again if you have 10 bitcoin on a bitcoin standard. If you divide 21 million bitcoin by 8 billion people, you’d have less than 300k sats per person.

I have a friend that used to have 2 bitcoin in 2017 but he sold it all and never bought back. Every time the price would pump he’d feel bad and think he missed out. I’d be so depressed if I were him lmao he tries to ignore the price because of that lol. If he kept those 2 Bitcoin, his bloodline would be set for life on a Bitcoin standard.

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Discussion

Zaikaboy 9mo ago

Possibly but if you have to spend it, the wealth is being spread. So eventually, down your bloodline, someone needs to earn it back, otherwise you become your friend of 2017

MAHDOOD 9mo ago

True. The businesses they spend it on deserve it because they worked hard and that is good for society.

Thursday 5∞ 9mo ago

Again, being free doesn't mean you don't work and earn. It's free from the slave mindset.

Zaikaboy 9mo ago

Not if you're using dollars