meknazee on Nostr: Fiat blurred the line between saving and investing. #Bitcoin can be both a SoV and a ...
Fiat blurred the line between saving and investing.
#Bitcoin can be both a SoV and a currency. Eventually, fewer and fewer people will accept fiat in exchange for goods and services.
The few who accept it will also agree to take on bitcoin payments and convert them into fiat for whatever reason (maybe pay taxes or whoever the last business/person to require fiat payments only - maybe the IRS).
There was a time where spending less than you earn helped you get out of the lower class and increase your PP over time. Nowadays if you dont store your excess cash in Gold, RE, Bonds, Stocks or event art, you lose it. Not anymore.
Bitcoin fixes this.
Published at
2025-03-20 10:45:56Event JSON
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"content": "Fiat blurred the line between saving and investing. \n\n#Bitcoin can be both a SoV and a currency. Eventually, fewer and fewer people will accept fiat in exchange for goods and services. \n\nThe few who accept it will also agree to take on bitcoin payments and convert them into fiat for whatever reason (maybe pay taxes or whoever the last business/person to require fiat payments only - maybe the IRS). \n\nThere was a time where spending less than you earn helped you get out of the lower class and increase your PP over time. Nowadays if you dont store your excess cash in Gold, RE, Bonds, Stocks or event art, you lose it. Not anymore. \n\nBitcoin fixes this. ",
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