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TheShogun | 7 months ago (raw) | root | parent | reply | flag +5 
 I think we share the same views on practically everything stated here. But the core difference is you are looking at bitcoin & all investments purely through the lens of growth & capital appreciation. 

The core idea I was trying to address with my question - is essentially whether or not there is ANY circumstance where Bitcoiners would rather invest their energy/money/time into something rather than Bitcoin itself.

Would you give your son an interest free loan to help start a business? Or say nah, I’ll make a better return in Bitcoin and leave him hanging? With this example, you might see that your “investment” isn’t about making a return, so much as it is about providing the capital to something or someone who is trying to build something.

Assuming the world reached a state of total bitcoin adoption, would you be willing to part with Sats as an investment in a company, project or enterprise that you felt was creating value? 

I think a lot of people would. I mean… we #zap one another like crazy all day. Literally providing a couple sats for a cheap laugh or interesting perspective. What if you could zap a company that is working on advanced prosthetics or regenerative farming? 

Just curious what people here genuinely think.

So again I pose the question - why does “#Bitcoin Only” mean to you? 

#asknostr
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cyb3rx | 7 months ago (raw) | root | parent | reply | flag +1 
 “Bitcoin only” can mean several things depending on the context.

For some, it may symbolize belief in the long-term viability and superiority of #Bitcoin over other cryptocurrencies.

It could also represent a commitment to a specific ideology, such as maximalism, which defends Bitcoin as the only worthwhile cryptocurrency.

Furthermore, for certain companies or individuals, “Bitcoin Only” may simply be a practical decision based on a desire to focus resources and attention on a single cryptocurrency rather than diversifying across multiple assets.

Only Bitcoin for me is all of the above realities!
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Orange Crush | 7 months ago (raw) | root | parent | reply | flag 
 I teach my daughters not to spend the bitcoin. In time it will be their base property providing backing for loans in rapidly debasing fiat. They will only need to outperform the interest on the rapidly debasing fiat to maintain a stable position on loans and create spending fiat for expenses. You can do this already with wBTC on ETH on DeFi protocols, but I cannot accept the counterparty risk of Vitalik, the ETH foundation, a centralized protocol, and slapped together smart contracts. In time, self-custodial lending may be possible on bitcoin or perhaps on with web-of-trust systems built right here on nostr. Either way. Stack some bitcoin aside and never sell. But also convert some portion of your earnings to bitcoin and spend it monthly to support the growth of the ecosystem. This is a based approach for people responsible for others.