Many people are gonna panic when they figure out #bitcoin has no yield.
Discussion
Can you explain further?
People are used to the idea that once they have money, that money will make them more money with no additional work. This is called yield/interest.
Not so with bitcoin. If you have 2 bitcoin, it might increase in purchasing power but you’ll not have 2.1 bitcoin unless you provide value )work) to someone who will give you another .1 bitcoin. The size of your stack will only go down once you stop working
Once everyone realizes this, I think many are going to panic buy as much as they can now since they realizes it will take actual real work in the future to get more.
Got it. Thanks for the clarification
My counter to this would be that via proxies, especially if one supplied BTC as collateral, yield can be attained.
In that sense it will yield, but not without deploying skills and/or increasing risk by (albeit temporarily) releasing custody to a lending network (as an example)