Luke Gromen nails it. Many people would rather be certain that they will lose money slowly (by pretending monetary debasement doesn't exist) than take slightly more risk to make money slowly (by waiting through volatility).
This is a fundamentally fear-based approach to life. It is also the mindset inculcated and rewarded by the fiat standard.
The ability to take reasoned risks is the backbone of all economic growth. And there is no such thing as certain preservation of wealth. If you refuse all risk, eventually even what you have will be taken from you.
#Bitcoin
NSmolenskiFan
npub1qq…y354d
2024-01-12 12:16:24
Author Public Key
npub1qqqqqqx2crupn0c6pfsv3y0wkxfe97v0n82gpy95l6sv55fuazlqfy354dPublished at
2024-01-12 12:16:24Event JSON
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"content": "Luke Gromen nails it. Many people would rather be certain that they will lose money slowly (by pretending monetary debasement doesn't exist) than take slightly more risk to make money slowly (by waiting through volatility).\n\nThis is a fundamentally fear-based approach to life. It is also the mindset inculcated and rewarded by the fiat standard.\n\nThe ability to take reasoned risks is the backbone of all economic growth. And there is no such thing as certain preservation of wealth. If you refuse all risk, eventually even what you have will be taken from you. \n\n\n\n#Bitcoin ",
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