Ok I understand the whole idea of 1BTC=1BTC. I recognize the folly of selling one’s stack of a pristine asset for a debasing asset. But on the other hand….

Can someone wiser than I make me understand why NGU isn’t important when the capital assets, services, and land that a person wants in order to make their dreams a reality, are all denominated in fiat?

I don’t really care if the natural state of the free market is deflation. We’ve never HAD a free market. We likely never will. All the philosophizing by people who “had it made” in fiat terms before they became Bitcoin shaman is pretty easy when you’ve already got unlimited optionality.

So why is it considered so mid-curve to want to see your purchasing power grow sometime while you still have breath in your lungs and energy to pursue your goals?

I’m still going to stack like a retard (often to my short term detriment) because I believe in the fundamentals and will NEVER trust an institution again with anything more than pocket change. But it sure would be awesome to hit the “fuck you money” stage. Maybe it’s at least going to benefit the kids. If so, I guess so be it.

#asknostr

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Eventually fiat is going away…

That’s the point btc isn’t going up in price… fiats prices is falling… the closer to 0 it goes the higher btc "ngu" goes…

NGU becomes toxic when it crowds out consideration of BTC as freedom money. When you start to list out the detriments of a centralized currency under central bank control, from abstraction of financial markets (hyper financialization) that leads to boom-bust equity/business cycles, to censorship, to economic repression via debasement, to profit on the back of taxation-funded R&D being privatized, to the military-industrial complex and money laundering on a global scale through war (ok the latter two are not just about the currency but you get it), you realize that there are bigger problems out there. Realizing your personal dreams is important, I’ll never tell someone how to spend their sats, but cypherpunks and ogs understand that this is a technology that can serve the world by displacing everything I listed above. If you interact with this technology by simply holding it and lustfully imagining the materialistic benefits it may one day bring you, in the face of the above, that’s literally stupid.

Thank you. I really needed to hear it framed that way. I need to be less self centred.

Sure, I didn’t mean it as a personal criticism bc typical Nostr users are not so ignorant as to fall into that caricature of purely NGU thinking in my experience, but I’m glad the point got across haha

A much appreciated perspective

NGU is important. It lowers time preference, attracts capital which builds a stronger network effect, rewards early risk takers. Don’t let others discount whatever your goals are. But at the same time it is also not important. The value is sovereignty, truth, and freedom. Obsessing over NGU just feeds ego/fear/greed. The utility exists regardless of price. NGU is necessary and thinking beyond NGU is also necessary. It’s not black and white and you can’t have one without the other