Great chat!
I'm not sure what I think of Saylor's advocacy of SOV for plebs and p2p only for corporations and governments. He seems pragmatic, shrewd even, and in face of certain annihilation if the rich turn against btc, SOV usage (or conceptualization) would seem much more likely to ensure btc's survival (as it doesn't challenge the current monetary slave system).
Yet, while that approach might increase btc's chance of survival, it perhaps does it at the cost of decreasing the plebs' chance of survival. This is because they get separated from their bitcoin which is captured by the controllers of the controlling financial system. And then price manipulated, stolen via tax, confiscated, etc.
As for hodl vs spend, given the low time preference, seams reasonable to hodl for twenty years, then retire early and start to spend, wealthy enough due to the hodling, to do things you want to do - it buys you your time/freedom.
Of course, you can do both, hodl and spend. But depending of the tax implications, you might have to go live in another jurisdiction to really start spending in earnest. Perhaps this aligns with Jeff's idea of turning your back on the old slave system, and moving to the new liberating system - building on that?
LukeWarmwater / Luke Warmwater
npub16j…sz7t5
2024-07-10 08:16:41
in reply to nevent1q…r2s0
Author Public Key
npub16jj46dhg5ellvc4zvrzzjqgryeg5pj0p4h4cx9mwauvps9aps04qesz7t5Published at
2024-07-10 08:16:41Event JSON
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