Oddbean new post about login | logout Han, while you are staunchly holding your nihilistic view that nothing has measurable value, everyone else is appreciating their purchasing power vs all assets by holding bitcoin. I don’t see this point as novel and additionally doesn’t make sense.
iow until there is a hard money UOA, pricing is fucked.
Sure, but in there real world, people who are holding bitcoin are giving themselves more optionality in how they live their lives because their purchasing power has grown. Not sure why that would be ignored because we all accept that USD is a shitcoin.
If people want to do that, it's fine. They should be clear that they're holding Bitcoin for fiat buying power and not larp about freedom money. Its an untenable position for a so-called bitcoiner.
If people want to do that, it's fine. They should be clear that they're holding Bitcoin for fiat buying power and not larp about freedom money. Its an untenable position for a so-called bitcoiner.