343PG on Nostr: This was an excellent panel - with preston Max Hillebrand LynAlden allen - well worth ...
This was an excellent panel - with preston (npub1s5y…6q7z) Max Hillebrand (npub1klk…x3vt) LynAlden (npub1a2c…w83a) allen (npub1sfh…ymqt) - well worth a watch.
https://www.youtube.com/watch?v=sA4jzHIPj7A
A couple of separate but interlinked points made in this. First - is Bitcoin a cheatcode? No, strictly speaking - it's just money as it should be with a fair set of rules, but might just feel like that if you're early in its adoption phase.
Secondly - the concept that holding Bitcoin in its purest form is actually high time preference, not low. Reason being - you are holding it to be immediately accessible, rather than investing it into projects requiring capital with an expectation of greater returns than you put in over time.
My view is the reason this feels unintuitive is linked to (1) - it's an observation best framed in a wholly bitcoin denominated world. The hurdle rate (in bitcoin terms) is incredibly high during bitcoin's adoption phase. Imagine a simple project like building a house with materials and then selling it, and trying to make money in bitcoin terms. Which is why only bitcoin related projects stand much of a chance as an opportunity cost for simple holding bitcoin. Bitcoin only VC's have a tough (but noble..) pursuit.
https://www.youtube.com/watch?v=sA4jzHIPj7A
A couple of separate but interlinked points made in this. First - is Bitcoin a cheatcode? No, strictly speaking - it's just money as it should be with a fair set of rules, but might just feel like that if you're early in its adoption phase.
Secondly - the concept that holding Bitcoin in its purest form is actually high time preference, not low. Reason being - you are holding it to be immediately accessible, rather than investing it into projects requiring capital with an expectation of greater returns than you put in over time.
My view is the reason this feels unintuitive is linked to (1) - it's an observation best framed in a wholly bitcoin denominated world. The hurdle rate (in bitcoin terms) is incredibly high during bitcoin's adoption phase. Imagine a simple project like building a house with materials and then selling it, and trying to make money in bitcoin terms. Which is why only bitcoin related projects stand much of a chance as an opportunity cost for simple holding bitcoin. Bitcoin only VC's have a tough (but noble..) pursuit.