Subnostr

People fail to understand that it’s important #bitcoin doesn’t generates anything.

Everything that generates value is man made, therefore perishable, bounded by time.

bitcoin must remain a currency for lack of better word. Something that only exists to move value but not valuable by itself.

It’s not meant to be hoarded for its characteristics.

It is suppose to be meaningless by nature.

Its only purpose must remain to track who owns whom what. nostr:note1zmgz035ljzfwsdrnpu8w5j7p6pryajal6e8pa2qqqvqzs602v45qwad5ht

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Discussion

BITwise 🐳 >>= RIGHTish 1y ago

"Something that only exists to move value but not valuable itself."

That's a powerful concept. Bitcoin is a foundation so it must be as strong, simple and boring as possible to allow for beautiful and functional layers to be built on top.

nicnym 1y ago

Nvidia profitability is not even gauged correctly until they sell products and pay their employees and suppliers in hard money (btc)

-until then they are a fiat company that exists by decree of the state.

(The US government just shut down their sales of 4090 and above gpu to China. What if the US gov orders sales of those chips only allowed to themselves for military/ “national security”?)

Of course their chip designs are obviously going to be profitable, but comparing nvidia to Bitcoin is like comparing the rancher to the tractor he uses.

You can own “shares” of the ranch or you could sell tractor parts to the rancher…. but if you want to grow your own food you are going to need to own and learn how to use your own tractor.