saving is how a free market expresses net profit, milady

it can only happen with a hard currency, and a growing economy

people are saving in bitcoin because it's a hard currency, and the economy is growing, so their purchasing power goes up, so they keep saving

idk if you have looked around you lately but the cost of risking your savings on enterprise is pretty high, between VAT and this regulation and that tarriff idk what to say

there's this thing called "scale of preferences" where you do the thing that is least painful

right now, in an anti-business environment like the very one you are living in, saving in a hard currency is exactly what people do

Ludwig von Mises figured this all out and wrote this book Human Action and he did this from what he saw unfold in the events between Weimar and the Great Depression - first he condemned socialism for enabling this, and then he condemned fiat currency for enabling the bankers and politicians to destroy the ability to do economic calculation

if bitcoin purchasing power was not rising, people would stop hodling and start businesses (assuming a business friendly environment) and also, this is a good place to point out this is why so many bitcoiners have left toxic socialist jurisdictions like germany and USA for less high tax jurisdictions like, idk, Georgia, Kazakhstan, Chad and Nigeria because that's how bad it's got these days

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you REALLY need to read some Mises, just sayin

Bitcoin's purchasing power is going up due to scarcity, not an expanding economy.

ok so why is it so much better to save bitcoin than gold if that's all it is?

a lot more gold bugs and gold acceptoors out there than for bitcoin, a lot lot lot more

if scarcity was the only factor in the equation then bitcoin would not be outpacing inflation unlike everything else, which is not

i really can't begin to emphasize unduly how much you really need to read Ludwig von Mises Human Action, like, already

i read it twice, what's your excuse?

Satoshi read it at least once also, and so did RossUlbricht

You should read Leibnitz, Aristotle, and Euclid. And St. Hildegard.

i see, and this would advance my knowledge about economics in what ways?

i always forget that i need to ignore the influencoor stella and only pay attention to dev stella

I thought we were just quoting random texts, that we assume the other person has not read, to sound smart.

It's digital and has absolute scarcity and mathematical issuance. The prices goes up because of supply squeezes.

so are you merely jealous that you didn't buy it earlier or is there some other reason why you are salty about bitcoiners who were right about it a long time ago and stuck to that and now are ahead of you, or what?

because that's what it sounds like every time i hear you talk like this

bitcoin has the highest liquidity of any hard asset of all history, that's the whole point

I am saying, that only such people that are not motivated primarily by money, now have any reason to invest, as no investment can ever beat Bitcoin's performance in the mid-term.