mbasola on Nostr: Great conversation, I don't know I have much to add. Am I right that this thought ...
Great conversation, I don't know I have much to add. Am I right that this thought around speculation is what keeps the New Polity guyd from Bitcoin?
I guess I struggle with speculation in general. If I buy Apple stock with the expectation of a profit, that wouldn't be immoral, right? And if I buy gold because it's a store of value, and it just so happens to appreciate because it's a really good SoV and people don't like financial chicanery(ie money printing), that's fine. By extension, if I buy the ability to transact globally with a permissionless software protocol network, that others come to realize is truly scarce and are willing to pay even more to participate in... Is there harm?
Was Our Lord talking about speculation when he told the parable "the kingdom of heaven is like treasure hidden in a field. When a man found it, he hid it again, and then... sold all he had and bought that field?"
I know there's a line where it becomes immoral I just don't know where.
I guess I struggle with speculation in general. If I buy Apple stock with the expectation of a profit, that wouldn't be immoral, right? And if I buy gold because it's a store of value, and it just so happens to appreciate because it's a really good SoV and people don't like financial chicanery(ie money printing), that's fine. By extension, if I buy the ability to transact globally with a permissionless software protocol network, that others come to realize is truly scarce and are willing to pay even more to participate in... Is there harm?
Was Our Lord talking about speculation when he told the parable "the kingdom of heaven is like treasure hidden in a field. When a man found it, he hid it again, and then... sold all he had and bought that field?"
I know there's a line where it becomes immoral I just don't know where.