Oddbean

Box of tissues? Is that an investment recommendation for Kleenex? I appreciate your concern, but I’m genuinely in a blessed financial spot. No tears here 😉 Let me give you a better example of what I mean. I own Block stock. I like what block provides for businesses AND they are Bitcoin friendly. Public investment in companies drives growth. Block growing means more on ramps for Bitcoiners potentially. I FULLY EXPECT block stock to underperform bitcoin… but does that mean it’s not worth owning? Is it not worth the support? That’s the question I pose. Maybe think of it in Bitcoin terms. Would you invest sats in a company that provides value to you?

I understand and respect your point of view. However, think along with me: 1. Companies are strongly influenced by the state, whether direct or indirect. I believe that as someone who is minimally an admirer of Bitcoin, he does not want state interference in his business; 2. Stock markets are like a wedding. To attract the attention of suitors, the parents prepare the bride, covering her with a beautiful and expensive dress and beautiful makeup, give it to the groom. On the wedding night, the groom taking off the bride's clothes, he realizes that she is not all that.; 3. You are treating Bitcoin as an investment, while you should see it as savings. In the medium/long term, Bitcoin is not sold, Bitcoin is bought! I sold 50 Bitcoins in 2015, and I'm bitter about the stupidity I did; 4. Why invest in a racing car in the hope and uncertainty of winning the race if you can reach the podium in a few years? 5. Since 2008/2009, #Bitcoin has appreciated by around 19,500%, I don't know of anything in the capital market that has appreciated so much in the medium term. These are some points that I would like to share and try to bring a little light and reflection to what we are debating here. I wish you sincere success in your life and investments. 😊

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

“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!

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.