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I stressed it right from the start that my question is not about the philosophy or idealogy... Buying Bitcoin can be a strategy for preserving wealth where all you need to know is that it is a digital equivalent of gold. Yes, it will be speculation, it will be investment motivated by profit, but is that a problem? What is so inherently bad on it?

Satoshis Nephew 10mo ago

ok firstly - im coming from a point of view of a 36 year old who lives in a 3rd world country where our inflation rate is way about 25% per annum so my perspective is slightly different compared to someone who lives a "comfy" life in the USA... (respectful comment)

I personally don't trust companies - there have been too many failures - so its all about protecting my time..

Also I don't have access to smash buying T bills so ignore my perspective.. #bitcoin #freedom #nostr #hardmoney

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Discussion

Aida 10mo ago

Hey, we are living in neighboring timezones. :-) But yes, life in the west of East Europe is probably a bit different from what you have there down south. Anyway, yes, it would always be a tradeoff and risk wouldn't be completely mitigated.

BTW isn't buying T bills a moral hazard? With profit you are taking a share of government seized property.

Satoshis Nephew 10mo ago

I wouldn’t buy anything government backed.. they are the enemy!