to be fair, people naturally want to be around like-minded people. constant debate is exhausting.
sats just for the thumbnail hahah
That could be the case, probably it is at least in part.
Historically in your 40s you would be becoming a grandparent.
“Communists rationalize their atrocities by using the buzzword EMPATHY… Bitcoin can enable people to give more of themselves because they don't have to reserve something for when the state comes knocking… It's going to BLOW the use case of communist ‘empathy’ out the water!” https://video.nostr.build/5b800bc0d1ba29ef00e7dd7d6ab7d7a35a0419aa2f26d6dc5fdc2cf331051c0c.mp4
The catch is the more the government "helps" they more people need the help.
Imagine the government "not helping". In return not taxing income or capital gains, payroll taxes, etc... There would be an epidemic of millionaires created, for those that save/invest.
The need for assistance would be greatly reduced and arguably private charities could even cover those needs (as used to be the case)
PSA: If you can afford to do so, you should consider investing for your heirs. The amount of capital needed to achieve good outcomes is incredibly small. For example (we'll assume 9.65% CAGR):
1. Someone from age 22 to age 60 invests $2,000/mo they'd have roughly $8,000,000 that is $912,000 of capital invested.
2. Someone put $32,000 in an account the day you were born. When you are age 60 it is roughly $8,000,000
Same outcome 3.5% of the capital invested. The difference is "unlocking" the extra 22 years of compounding lost while growing up.
So again, if you can afford to, consider investing for the next generation, then encourage them to do the same for future generations.
It is arguable that there is still a place for investment (by that I mean, capital outlay in hopes of more capital in return over time) in a civilization and not simply storing all value in money. A prime example is in the case of needing/wanting a way to acquire more bitcoin. Bitcoin does not replicate itself into more bitcoin.
Traditionally stocks and real estate investments have been inflation hedges (perhaps not as good as bitcoin). In particular with real estate leverage via fixed income debt is method to capitalize on inflationary environments.
Taking your thinking to the extreme, every public/private company should liquidate into bitcoin and distribute it among shareholders. As you've said, owning businesses or other assets makes no sense, it is "pointless, wasteful friction"
Does anyone sell bitcoin to just hold literal cash? You can sell bitcoin and invest in stocks or real estate for example, for diversification purposes or income-production.
Jack is clearly not storing value in clothes and shoes
To be clear... Jack is NOT storing his value in shoes and clothing.
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it says their CRT is invalid
don't forget to zap the quality content!
I say it's worth a try. What we've been doing the last 40 years hasn't been working that well.
Dave Portnoy wanted to buy $2 million worth of Bitcoin for Barstool Sports when it dipped to $49K this August but by the time the money cleared, it had already bounced back.
“Bitcoin will always be that sweet piece of ass that got away” https://video.nostr.build/2e13756c91d4acd66d97d7a69cbd91df5ce2319225afbf76402a65027dec83f7.mp4
The irony of Bitcoin being "too slow to use" and the slew of stories of people missing dips due to waiting on tradfi settlements
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Prepare for the new era:
Am I a scammer?!
should have sold