TFR on Nostr: People are used to the idea that once they have money, that money will make them more ...
People are used to the idea that once they have money, that money will make them more money with no additional work. This is called yield/interest.
Not so with bitcoin. If you have 2 bitcoin, it might increase in purchasing power but you’ll not have 2.1 bitcoin unless you provide value )work) to someone who will give you another .1 bitcoin. The size of your stack will only go down once you stop working
Once everyone realizes this, I think many are going to panic buy as much as they can now since they realizes it will take actual real work in the future to get more.
Not so with bitcoin. If you have 2 bitcoin, it might increase in purchasing power but you’ll not have 2.1 bitcoin unless you provide value )work) to someone who will give you another .1 bitcoin. The size of your stack will only go down once you stop working
Once everyone realizes this, I think many are going to panic buy as much as they can now since they realizes it will take actual real work in the future to get more.