Yeah I realize people will act the way they choose to - I’m not stating anything to change anyone’s mind.
But the investment angle will only crowd out the people who need bitcoin most and put it into the hands who only wish to maximize fiat gains.
At least by posting what I have to say, I can identify the people who get that.
This literally makes no sense from an “economics” perspective.
Economics is the allocation of scarce resources.
We should not spend bitcoin until the things we’re spending bitcoin on are worth the opportunity cost of bitcoin.
The higher the conversion rate of bitcoin into fiat, the more willing people will be to convert their bitcoin into goods/services. But as long as bitcoin has 100%+ CAGRs ahead of us, why the heck would you part with any meaningful amount of btc?
Serious question. The developers on NOSTR need a little bit of understanding as to how finance works…
It may put "normal" people in a state of safety. They're scared & change is hard. This is what resembles the financial system they know.
Bitcoiners & orgs supporting devs & keeping the code secure/safe will be a bulwark against radical & dangerous changes.
Ever keeping in mind that en masse people are stupid. Everyone one of us is susceptible to group think and laziness.
#staysovereign & #stayfree my friend
For sure, i hear ya
