True or false: #Bitcoin is productive capital.
Discussion
True - It’s been the most meaningful and productive capital for me and my family. All in.
True. Productive in that it gains/maintains in value over time without me having to do anything.
Being able to store economic energy for future use without having any maintenance fees or taxes to pay in order to keep it, is productive.
False:
- Store of value / medium of exchange doesn’t need to be productive
- productivity comes from deploying the capital
True, productive in which it requires energy to produce, creates jobs and provides economic freedom for the world.
Bitcoin is the only one winner against m2
True
True. It represents the productivity of all past & future buyers.
What is unproductive capital? BTC is proof of work entitling the owner to direct that work where and when he desires. It is productive to the extent it holds value until needed.
True, it allows you to hold and preserve your wealth