Oddbean new post about | logout
 Yeah, it's not a lazy man's get rich quick scheme. If wealthy people invested in people and small local businesses instead of storing it in gold or the ponzi stock mmarket, the world woulld be better. 
 Reserve assets and investments are completely different things, tho. They're not things that are in competition with each other; they're different categories that you divide your income up into: 

spending and investments (LN, fiat cash, and banking account)
savings (Bitcoin hot wallet)
reserve asset (Bitcoin hard wallet and gold) 
 The reason why I say that I consider sats "normal money", is that I now use it for all three levels and nearly all of the money I hold is in Bitcoin and it's what I prefer to use.

Fiat is only a throughput currency.