SilberWitch on Nostr: I'm convinced that requiring business owners to front at least part of the capital ...
I'm convinced that requiring business owners to front at least part of the capital (work, tools, money, etc.) is a major part of the magic of capitalism.
It forces them to be as efficient, as possible.
We find ourselves regularly making strategic or product decisions that seem stupid, in the moment, but save a lot of money, time or other resources, in the mid-term, because we're simply forced to save.
There is an equilibrium to be found, between starving coder and jet-setting dev. Need enough money coming in, to not burn out or give up, but not so much that money seems cheap.
The money being Bitcoin doubles down, on this effect, because Bitcoin is never cheap and spending it feels painful.
It forces them to be as efficient, as possible.
We find ourselves regularly making strategic or product decisions that seem stupid, in the moment, but save a lot of money, time or other resources, in the mid-term, because we're simply forced to save.
There is an equilibrium to be found, between starving coder and jet-setting dev. Need enough money coming in, to not burn out or give up, but not so much that money seems cheap.
The money being Bitcoin doubles down, on this effect, because Bitcoin is never cheap and spending it feels painful.
quoting nevent1q…mztcEveryone starting a business works for little or no pay while they're getting the business off the ground.