Counterpoint, in a deflationary monetary system everyone's purchasing power will increase by participating in the system where the aggregate productivity of those participating is shared with the entire monetary network. But also, people should get off their asses and provide value.
Discussion
yeah I get that,
just saying that my Protestant work ethic doesn't agree.
but also the theory is only valid
if value is *actually being produced*
Just holding units of a deflationary monetary system isnt adequate.
I was raised by a Lutheran, I get it.
I agree simply holding a deflationary asset in and of itself doesn’t constitute “proof of work”… although educating yourself as to the mechanism and use case of said asset, as well as navigating the technological on and off ramps and self custody applications and methods, does constitute PoW.
This is one of the reasons I started my own local Bitcoin meetup www.757btc.org so that I could continue to provide value in some way.
There’s so many ways one can contribute