jmb on Nostr: I understand this reasoning to a degree, but I can’t disagree more strongly. ...
I understand this reasoning to a degree, but I can’t disagree more strongly. Possessing generational wealth gives one the ability to be generationally generous. Obviously there is danger in giving any one person or entity massive amounts of wealth, but I am fully confident that a Bitcoin whale could break down their wealth between Bitcoin non-profits, other charitable institutions, and children/friends/family in such a way as to provide a massive blessing to many.
I think we’re going to see millions more bitcoin burned post-hyperbitcoinization as whales realize they can’t possibly allocate all that capital, that much money wouldn’t be healthy for their kids to inherit, and burning coins will “lift the boats” of their fellow bitcoiners. Saylor, for example.
Published at
2025-02-04 19:21:03Event JSON
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