There is another danger of Bitcoin touched on here, that is, once the opportunity cost is fully realised and internalised it can lead to paralysis and inaction.
Why buy a car when it could be a Porsche in a few years, a Ferrari in another few, a house in another few, a mansion in another few. What is the opportunity cost of a child or two over eighteen years measured in Bitcoin.
Utilitarianism like this turns you into a predictable slave of the spreadsheet. People follow incentives but the pressure of this incentive threatens becoming a productivity drone, lacking vitality and that unpredictable vigour of Nature.
Bitcoin can be weilded as anextraordinarily empowering tool, but beware of it's sharp edges, and do not let it overpower your own Will or life force.
Life is accumulating power, then discharging it.
King of Arcadia
npub1kh…dq7ey
2024-09-06 16:10:50
in reply to nevent1q…sny3
Author Public Key
npub1khdancz59z33uzakvk6032pl78rxevj49ez6dqz4jv355lnhw95scdq7eyPublished at
2024-09-06 16:10:50Event JSON
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"content": "There is another danger of Bitcoin touched on here, that is, once the opportunity cost is fully realised and internalised it can lead to paralysis and inaction.\n\nWhy buy a car when it could be a Porsche in a few years, a Ferrari in another few, a house in another few, a mansion in another few. What is the opportunity cost of a child or two over eighteen years measured in Bitcoin.\n\nUtilitarianism like this turns you into a predictable slave of the spreadsheet. People follow incentives but the pressure of this incentive threatens becoming a productivity drone, lacking vitality and that unpredictable vigour of Nature.\n\nBitcoin can be weilded as anextraordinarily empowering tool, but beware of it's sharp edges, and do not let it overpower your own Will or life force.\n\nLife is accumulating power, then discharging it.",
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