Savings and spending
Savings are the store of excess you create against future uncertainty
Bitcoin is the ultimate savings tool
As Bitcoin goes through this crazy monetisation process, those savings get turbo-charged
Many will find themselves with new and previously unimaginable choices open to them, and to their families and their communities
This is where spending comes in
Should you have excess savings - beyond your definition of “enough” - then you can now make meaningful change to those lives you care most about
Fundamentally you need to search and find what matters to you, and what change you can make in the world, once you’re making decisions without regard to financial impact
This is a significant mindset shift
The mantra of “never sell your bitcoin” has a useful meme half-life of two cycles: the first where you are still learning what Bitcoin is, and the second where you’re stacking like a crazy person
After that, be extremely cautious of those screaching “never sell your bitcoin” at you - they most likely have a product for you
There is NO borrowing without risking your collateral
In the end .. exactly what part of “permissionless money” are some of these folks not getting?
btcschellingpt
npub1nv…4e7zd
2024-12-17 18:58:18
Author Public Key
npub1nvfgglea9zlcs58tcqlc6j26rt50ngkgdk7699wfq4txrx37aqcsz4e7zdPublished at
2024-12-17 18:58:18Event JSON
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"content": "Savings and spending\n\nSavings are the store of excess you create against future uncertainty\n\nBitcoin is the ultimate savings tool\n\nAs Bitcoin goes through this crazy monetisation process, those savings get turbo-charged\n\nMany will find themselves with new and previously unimaginable choices open to them, and to their families and their communities\n\nThis is where spending comes in\n\nShould you have excess savings - beyond your definition of “enough” - then you can now make meaningful change to those lives you care most about\n\nFundamentally you need to search and find what matters to you, and what change you can make in the world, once you’re making decisions without regard to financial impact\n\nThis is a significant mindset shift\n\nThe mantra of “never sell your bitcoin” has a useful meme half-life of two cycles: the first where you are still learning what Bitcoin is, and the second where you’re stacking like a crazy person\n\nAfter that, be extremely cautious of those screaching “never sell your bitcoin” at you - they most likely have a product for you\n\nThere is NO borrowing without risking your collateral\n\nIn the end .. exactly what part of “permissionless money” are some of these folks not getting?",
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