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Seems short sighted. The idea is for #Bitcoin to become the money of the future, for the world. Hyperbitcoinization means the exchange rate vs USD goes to infinity. Yes, between now and then the purchasing power for goods and services of your Bitcoin increases extremely, but why give up way before then at six figures? Why think in USD terms?

Brisket 2y ago 💬 2

Bitcoin & USD are both tools to capture & transfer optionality.

The ability to exercise that optionality in the future is why we save in the first place. Noone knows exactly what their future needs or desires will be.

Bitcoin's USD price is the scoreboard for bitcoin's optionality level. It's the strongest & most accepted monetary unit in the world today. You don't have to like it, but it's our current reality.

I'd prefer Lyn's honesty to this virtue signalling crap that people repeat about never selling their bitcoin. When you buy a coffee with sats, you're also selling bitcoin.

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Discussion

Des Imoto マキシ 2y ago

A bit aggressive arn’t you? Nevertheless I disagree with Lyn’s message, not so much that she’d spend her savings, but about confusing Bitcoin with investing, I.e making money with money, and by going back to the Fiat system at six figures, when the idea is to get out of it and move to a Bitcoin standard.

Brisket 2y ago 💬 1

I think that you're hearing what you want to hear.

Des Imoto マキシ 2y ago

Ad hominem much? Btw, I also disagree with Lyn’s message that J Powell is basically a good guy …