4thecross on Nostr: Yeah I am aware of these issues definitely. I don’t know too much about ...
Yeah I am aware of these issues definitely. I don’t know too much about mining/mining pools in general but I can see the issue.
I’m fully aware too that I can barely use it freely. Each transaction being a taxable event makes it stressful. The way I see Bitcoin is exactly what it is - a store of value, hedge against inflation, “digital gold.” I do think all of these things are true. When I say that and view it that way, I am 100% looking through a fiat/USD lens specifically for the reason that that’s the system I live in and of course I am going to make smart decisions with my money.
That is also the exact reason why I don’t hail Bitcoin as this new perfect thing that will solve everything, because it’s so clearly been hijacked. I cannot stress enough that I am fully aware of this. I’m a simple guy living in the fiat system that buys Bitcoin specifically to protect my purchasing power because it is so obviously the greatest asset to own, in my opinion.
I’m fully aware too that I can barely use it freely. Each transaction being a taxable event makes it stressful. The way I see Bitcoin is exactly what it is - a store of value, hedge against inflation, “digital gold.” I do think all of these things are true. When I say that and view it that way, I am 100% looking through a fiat/USD lens specifically for the reason that that’s the system I live in and of course I am going to make smart decisions with my money.
That is also the exact reason why I don’t hail Bitcoin as this new perfect thing that will solve everything, because it’s so clearly been hijacked. I cannot stress enough that I am fully aware of this. I’m a simple guy living in the fiat system that buys Bitcoin specifically to protect my purchasing power because it is so obviously the greatest asset to own, in my opinion.