People are used to the idea that once they have money, that money will make them more money with no additional work. This is called yield/interest.
Not so with bitcoin. If you have 2 bitcoin, it might increase in purchasing power but you’ll not have 2.1 bitcoin unless you provide value )work) to someone who will give you another .1 bitcoin. The size of your stack will only go down once you stop working
Once everyone realizes this, I think many are going to panic buy as much as they can now since they realizes it will take actual real work in the future to get more.
btcpilot / Rob
npub1me…xhq8d
2024-10-12 04:29:04
in reply to nevent1q…s62d
Author Public Key
npub1mewnfu53zdzxeuypmzzsel4n0sspgs6vas5q80xq380k245dlz6qmxhq8dPublished at
2024-10-12 04:29:04Event JSON
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"content": "People are used to the idea that once they have money, that money will make them more money with no additional work. This is called yield/interest.\n\nNot so with bitcoin. If you have 2 bitcoin, it might increase in purchasing power but you’ll not have 2.1 bitcoin unless you provide value )work) to someone who will give you another .1 bitcoin. The size of your stack will only go down once you stop working\n\nOnce everyone realizes this, I think many are going to panic buy as much as they can now since they realizes it will take actual real work in the future to get more.",
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