In fiat world, not only is the notion of savings diminished, but we are implicitly taught savings is for something specific, aka, something to spend on later. But savings does not have to be that way. Savings, even unallocated, is considered productive in Austrian economics because it enables capital investment later, even if that opportunity is not clear or even known.

Saying that, it is nice to have something in mind to delay gratification for. After I bought my house last year, it was the first time I didn’t have a big savings goal (like paying off debt or major purchase). Even though I’m not married and don’t have kids, the idea of being able to support a family, make sure mom can stay home, and not have to hand over the children to someone else for 6-8 hours a day during most of the time we get to live with them, that’s a pretty good one. One that would be a pretty big stretch if not for saving in bitcoin.

I have a friend who says he’s just managing UTXOs for his children and grandchildren. While we may consume some of it for their sake, and maybe I can finally get a new acoustic guitar too, I generally feel the same way about stewarding bitcoin.

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