This is practically spot on. There is the issue of volatility however.
Here's the deal:
1. if you have no bank account or access to stable currency or credit
2. If you have accrued a lot of Bitcoin and can spend less than a small percentage in a given 4-5 years
Bitcoin only is your best chance of improving your life. You will have ups and downs, but they will never be as bad as your alternatives.
If you have western privilege, that volatility is going to appear problematic to you.
Imagine having saved up $1,000 via nostr and then it crashes to being worth around $200. This could happen. You have some options:
- stop using bitcoin and focus back on surviving with fiat
- continue earning in bitcoin, but now you're getting more sats because people can afford to zap bigger
When the bitcoin value bounces back... And it will, if you continue the bitcoin route, you'll be in a much better position than before.
That said, losing $800 is going to feel terrible. It really takes a lot of forward thinking to stomach it.
It can also be beneficial to have dollars available so you can continue living a more modest life while this is happening so you don't dip into your bitcoin while it is so undervalued. Those without dollars don't get this privilege.