Oddbean new post about login | logout People are tripping over themselves to underperform bitcoin and I am so here for it, its only going to get worse as the price goes higher, people will think theres less upside let me go look for something with more alpha
Yeah I think people are still stuck in Bitcoin “as a stock” thinking so they instinctively put a cap on upside, they don’t understand that it is money and thus the TAM is effectively everything in existence. It actually creates a dilemma for Bitcoiners in a sense. If you want to invest in your own business or buy a house you gotta realise that parting with Sats is going to seem like a bad idea in hindsight.
I've been mulling over this one myself for sure, the upside in holding bitcoin curbs spending and curbs investing but is that a bad thing? I think for a fiat system velocity of money dropping is bad because you have to service debt In a Bitcoin system, if feel like you spend because you are a net consumer and thats the most liquid thing you have to acquire goods and services or you invest when the market is screaming with a massive premium. Right now, that's unlikely but maybe when the market is sitting at multi-trillion trillions and becomes harder to move, you might see Bitcoiners put up some sats to drive deflation in certain markets