Oddbean new post about | logout
 Why? 
What do you plan to leave your grandkids? 
 Because it isn't the most important part of Bitcoin to me and I think this sentiment leads to bad incentives for the network to grow around.

I hope to leave them strong values more than anything else but if we're talking what I'd want to leave as an asset then of course Bitcoin.  
 It's been a forcing function to think long term about decisions. If I plan to hodl as long as my family can, I MUST pass on strong values. I MUST build community and a good reputation therewithin. I don't play stupid games like I used to. I think about my soul and the promise of resurrection through Christ.  
 I agree to save as much as possible in Bitcoin. I just think losing ourselves to the idea of storing value vs building the best money is a bad mental frame to be in. If we have a dollar in our pocket then we're giving economic activity to the Beast. I think the real value is opting out of the Beast's money altogether. 
 Store of value precedes all other monetary use cases. This is not the same a greed.  
 Store of value happened long ago or you wouldn't see a market price. We need more people moving past that step to a medium of exchange much less their own personal unit of account. 
 I buy coffee with sats. Most people I trade with don't want my sats. They're not incentivized yet because the value stored has not enticed them to consider it as an option.  
 I disagree on their incentive. Their incentive isn't based on the value of the stored assets, it's based on the number of buyers willing to spend with it. If it was just based on value then you'd expect everyone to be transacting in gold more so than even dollars. This is why the hodl as most important factor hurts my heart so much because it decreases our ability to grow past store of value to build a real economic unit.