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My entire net worth is in Bitcoin, and I'm sure @denlillaapan is stacking as well.

no, I don't have any sats, only scodus. Alternatively: I'm here for the tech.

Also, listen in to Morgan's AMA @Scoresby next week (#1613303)... and you won't have any sats either!

update: scodus AND fiat. I'm a big fiat maximalist


I am pissed at this community. Our continued tolerance of fiat is the number one thing holding back Bitcoin's NGU potential.

Totally. I'm VERY goddamn disappointed. Distraught. I blame Saylor, and the asshat former Bitcoiners running headfirst into the high finance, dilution-as-a-service game.

1 sat \ 1 reply \ @fiatbad 39m

Perhaps we should move this conversation elsewhere because I'm very interested in continuing it.

I feel the same way you do, however, I don't feel there are any alternatives to stacking Sats. Bitcoin has issues, but everything else has MORE issues. Real estate, equities, gold.... all awful, and fiat is even worse than those.

I think where you and I may have an interesting conversation is in the following concept: I believe my time/labor should never be used to support unethical or evil things. I believe fiat to be incredibly evil and deliberately nefarious. As such, I won't save in it, even if I believe it could be a better short term place for my capital.

Equities, real estate, gold..... all have ethical issues, in my opinion. Bitcoin is the most pure asset, from an ethical point of view. It's the Bitcoiners, the people, I have a HUGE problem with in recent years. Not the asset itself.

But I'm very interested in your response to this.

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Bitcoin has issues, but everything else has MORE issues. Real estate, equities, gold.... all awful, and fiat is even worse than those.

yes.

I don't have much to say. I agree with you about the ethics, and everything else feels fishy -- for reasons similar to yours. What I don't understand is why I'm obliged to become a martyr just because I was cursed with the knowledge and the accidental path that led me here?

The thing does work -- ie, doesn't enrich us, isn't taking over/mending the world -- whereas other things (NVIDIA, index funds, freakin' high-yield bank accounts) could. What are we doing here??

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