Comte de Sats Germain on Nostr: I am not the entire economy. I also am not concerned only with myself. I want to be ...
I am not the entire economy. I also am not concerned only with myself. I want to be free, and I want everyone else to be free too.
How free are you when you must make payments to a bank? How free are you when one entity has practically infinite buying power while yours is finite?
If the BTC held by mstr and these funds never circulates, but instead only accumulates into a few pools, then btc can only be a reserve asset. It does nothing to empower people.
The finite supply is a genius mechanism to disperse it over time to smaller and smaller utxos. But that doesn't happen if you can pay your bills in fiat. These funds pay salaries in USD. They raise more btc with USD. They never use their btc. It never leaves them.
Right now you can just go buy btc on an exchange. Do you think that will always be possible? I don't. Where's the bitcoin economy when you can't buy btc and you can't work for it because its all held by entities that never sell?
This isn't a problem that we can resolve by simply buying things with btc. That just makes our savings available for mstr or etfs to lock away. When it's all locked away, what's left? Fiat. We'll just be back to fiat.
Or we'll have new masters that are even worse than the previous ones.
How free are you when you must make payments to a bank? How free are you when one entity has practically infinite buying power while yours is finite?
If the BTC held by mstr and these funds never circulates, but instead only accumulates into a few pools, then btc can only be a reserve asset. It does nothing to empower people.
The finite supply is a genius mechanism to disperse it over time to smaller and smaller utxos. But that doesn't happen if you can pay your bills in fiat. These funds pay salaries in USD. They raise more btc with USD. They never use their btc. It never leaves them.
Right now you can just go buy btc on an exchange. Do you think that will always be possible? I don't. Where's the bitcoin economy when you can't buy btc and you can't work for it because its all held by entities that never sell?
This isn't a problem that we can resolve by simply buying things with btc. That just makes our savings available for mstr or etfs to lock away. When it's all locked away, what's left? Fiat. We'll just be back to fiat.
Or we'll have new masters that are even worse than the previous ones.