2minutebitcoin on Nostr: Some criticize Bitcoin for not generating any sort of income. They don't understand ...
Some criticize Bitcoin for not generating any sort of income.
They don't understand that money is inherently a speculative asset - speculating on the fact of whether other people would adopt it, at which point its value rises.
The key point here is that a fixed-supply money's upside is practically unlimited, because its value is not bottlenecked by something small like the income it produces.
- Some even go as far as to say that something like Ethereum at least generates an income from staking it - but that is simply not true. Ethereum's model has it dilute the supply of other shareholders at the expense of those who stake it.
Published at
2023-05-07 19:38:02Event JSON
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"content": "Some criticize Bitcoin for not generating any sort of income.\n\nThey don't understand that money is inherently a speculative asset - speculating on the fact of whether other people would adopt it, at which point its value rises.\n\nThe key point here is that a fixed-supply money's upside is practically unlimited, because its value is not bottlenecked by something small like the income it produces.\n\n- Some even go as far as to say that something like Ethereum at least generates an income from staking it - but that is simply not true. Ethereum's model has it dilute the supply of other shareholders at the expense of those who stake it.",
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