Completely agree with everything Derek says, and would add one incremental point.
This is also a micro case study of the broader fiat system v. sound money.
The fiat system, for a very long time (in my opinion, probably a magnitude longer than most here think), will be able to “pay” you to participate in it. It will be up to each individual to determine (1) where their time and energy are best rewarded and (2) in which savings vehicle they then place their excess time and energy.
For Joe (and many others, almost everyone) it is still much more lucrative to mine in fiat and save in Bitcoin. Twitter is just one example of this.
Of course, this it will change over time.
Earnest Holden
npub1p4…aqye9
2024-04-15 15:46:27
in reply to nevent1q…7e5n
Author Public Key
npub1p4ynv22z9hvf8teze4xxz9agudy8g54c6278xl9w539jzsve3mgsdaqye9Published at
2024-04-15 15:46:27Event JSON
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"content": "Completely agree with everything Derek says, and would add one incremental point. \n\nThis is also a micro case study of the broader fiat system v. sound money. \n\nThe fiat system, for a very long time (in my opinion, probably a magnitude longer than most here think), will be able to “pay” you to participate in it. It will be up to each individual to determine (1) where their time and energy are best rewarded and (2) in which savings vehicle they then place their excess time and energy. \n\nFor Joe (and many others, almost everyone) it is still much more lucrative to mine in fiat and save in Bitcoin. Twitter is just one example of this. \n\nOf course, this it will change over time.",
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