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Sat count can go down while sat value goes up. Bitcoin IS the productive asset.

It’s not tho, and no one is claiming it is.

If you denominate your wealth in Bitcoin and you’re retired like many Bitcoiners are, then their wealth is decreasing day after day.

If you see a company whose balance sheet shows a decrease in their Bitcoin holdings over time, you wouldn’t touch it with a ten-foot pole. Them saying that they are actually a successful business because their bitcoins value is going up is not going to change your mind of the obvious truth about the state of their business.

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Discussion

Brain User 6mo ago

Retirees are not a business

DRE 6mo ago

Tell that to their progeny

Every family unit is a small business of sorts

Brain User 6mo ago

I think the lineage can understand grandpa wasn’t going to be profit maxxing his entire life so long he isn’t running off to Vegas for hookers and blow

DRE 6mo ago

Sure, but they won’t understand their grandpa refusing to generate any bitcoin denominated profit.

Brain User 6mo ago

Depends on when he stopped. Quitting work at 25 to go live a lavish life and leave crumbs for your kids isn’t understandable but if my dad retired at 65 off of his own bitcoin and left me with 5 instead of 6 because he spent time enjoying his golden years I’m not going to be upset lol

DRE 6mo ago

To each their own

I rather have 4 and a portfolio of stocks worth another 3 BTC

William ₿ Travis 6mo ago

Bitcoin breaks this model. If you can live on 10% of your bitcoin annually as a retiree, and bitcoin's cagr is 20-30%, you will end up with more purchasing power at the end of your life. It's just math.