People say owning #BTC is bad for the #economy as it doesn't put your money to work. That couldn't be farther from the truth.
Every person, company, or country that holds BTC on their balance sheet is boosted by every purchase of BTC, because when you convert your economic energy into BTC, the entire network sees that value boost it's market cap.
Effectively, BTC is a single "stock" representing the entire BTC economy, when you buy BTC you're supporting the global BTC #ecosystem. All individual #HODLers, BTC #miners, BTC companies, and countries that embrace BTC as legal tender, share that value added benefit to the network as your personal demand slightly increases the price, that increase then draws new business and effort into the BTC economy which further increases the price and draws new buyers looking to get in like a continuous feedback loop.
Putting your economic energy into BTC is great for the BTC economy, it's only bad for the #FIAT #debtslavery economy, but that's kinda the point isn't it?
BTCMeansFreedom4All /
npub1kl…fq497
2024-03-09 17:12:49
Author Public Key
npub1kl8aguhljq6yrmrv64dm2phew3pprfhx3ef9yh2zg3gkn0dq8adqzfq497Published at
2024-03-09 17:12:49Event JSON
{
"id": "7472add70d4e350f4a6c1bb935e52474b1e28c43e18206dbaed352fa188b18c0",
"pubkey": "b7cfd472ff903441ec6cd55bb506f9744211a6e68e52525d42445169bda03f5a",
"created_at": 1710000769,
"kind": 1,
"tags": [
[
"t",
"BTC"
],
[
"t",
"economy"
],
[
"t",
"ecosystem"
],
[
"t",
"HODLers"
],
[
"t",
"miners"
],
[
"t",
"FIAT"
],
[
"t",
"debtslavery"
]
],
"content": "People say owning #BTC is bad for the #economy as it doesn't put your money to work. That couldn't be farther from the truth. \n\nEvery person, company, or country that holds BTC on their balance sheet is boosted by every purchase of BTC, because when you convert your economic energy into BTC, the entire network sees that value boost it's market cap. \n\nEffectively, BTC is a single \"stock\" representing the entire BTC economy, when you buy BTC you're supporting the global BTC #ecosystem. All individual #HODLers, BTC #miners, BTC companies, and countries that embrace BTC as legal tender, share that value added benefit to the network as your personal demand slightly increases the price, that increase then draws new business and effort into the BTC economy which further increases the price and draws new buyers looking to get in like a continuous feedback loop. \n\nPutting your economic energy into BTC is great for the BTC economy, it's only bad for the #FIAT #debtslavery economy, but that's kinda the point isn't it?",
"sig": "4388f40415bc2e1976a0e82b21f55fa26a3ce266f34f18bccb5ea98772996181ce92cd7c696a82d63b054dc1e97f7fe02cfb8a3931dec60300a7a8a88b2b5720"
}