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.
2minutebitcoin
npub1p6…9ej3v
2023-05-07 19:38:02
Author Public Key
npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3vPublished at
2023-05-07 19:38:02Event JSON
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"pubkey": "0ea2dab3366701f28beb086adc8849b28c64a25048088fa6b2e5604eff369d71",
"created_at": 1683481082,
"kind": 1,
"tags": [],
"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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}