BenGunn on Nostr: Mate, you hit on a good subject, this aint a comment on your views, IMO The ugliest, ...
Mate, you hit on a good subject, this aint a comment on your views,
IMO The ugliest, greediest part of the Bitcoin cannon, that we accept, is the hoarding and extreme approaches.
It's low, it's dumb, and it's wrong.
First, if you were in 10-15, you had a serious and viable reason to defer huge parts of your time and potential for rapid and life changing rewards, and many did, and correctly.
If you are, 100% in bitcoin now, you are by definition 0% everywhere else, and the fiat difficulty adjustment (staying alive and happy) is rising faster than Bitcoin's CAGR. There is a fall coming to the prideful.
I believe we are at an invisible inflection point where the risks of NOT owning your last 10% of Bitcoin is now lower that the fiat/real world risks of getting very badly trampled, and not protecting your basic needs and freedoms with that same 10%
What the screechers don't realise, is that they are set up (in their absolute belief of an "up and to the right" price path), to realize their abstract wealth into a level of volatility that few in our lifetimes have witnessed, and they will have never been as individually weak for the deferral of "everything" they are, into a bag of money.
Smart path is to be sensible and serve yourself first, without that best version, and excess Bitcoin you have, will convey to those with the appropriate level of wisdom and character.
My thesis in short:
https://youtu.be/y6yCmdIkw_E?si=RZJKn7ePmofQx5f-
IMO The ugliest, greediest part of the Bitcoin cannon, that we accept, is the hoarding and extreme approaches.
It's low, it's dumb, and it's wrong.
First, if you were in 10-15, you had a serious and viable reason to defer huge parts of your time and potential for rapid and life changing rewards, and many did, and correctly.
If you are, 100% in bitcoin now, you are by definition 0% everywhere else, and the fiat difficulty adjustment (staying alive and happy) is rising faster than Bitcoin's CAGR. There is a fall coming to the prideful.
I believe we are at an invisible inflection point where the risks of NOT owning your last 10% of Bitcoin is now lower that the fiat/real world risks of getting very badly trampled, and not protecting your basic needs and freedoms with that same 10%
What the screechers don't realise, is that they are set up (in their absolute belief of an "up and to the right" price path), to realize their abstract wealth into a level of volatility that few in our lifetimes have witnessed, and they will have never been as individually weak for the deferral of "everything" they are, into a bag of money.
Smart path is to be sensible and serve yourself first, without that best version, and excess Bitcoin you have, will convey to those with the appropriate level of wisdom and character.
My thesis in short:
https://youtu.be/y6yCmdIkw_E?si=RZJKn7ePmofQx5f-