In the midst of reading “Working: People Talk About What They Do All Day and How They Feel About What They Do” (yes, the book that inspired ex-President Barack Obama’s Netflix series of the same name), something just occurred to me.
A select group of Bitcoiners are living the Bitcoin Standard. They have manoeuvred themselves to a position where they receive their salary in BTC and/or earn BTC by providing in-demand services and an Alby wallet. This reduces their reliance on fiat and allows them not to track the price movement of BTC on the charts. Indeed, 1 BTC = 1 BTC to them.
On the other hand, the FIRE mentality is often held by people who are weary of being chained to the corporate race and yearn for time and space to do their own thing. So they save much of their income aggressively and park their funds in interest-bearing assets. Once they determine that they have saved and invested enough for their needs for the rest of their lives, they pull the trigger. They gain the financial freedom to do what they want.
Given that many Bitcoiners want to be associated with the capitalist system for as little as possible, do you think that the Bitcoin standard and the FIRE mindset are mutually exclusive? Perhaps some Bitcoiners are gainfully employed in the BTC ecosystem, engaged in what they think is important and necessary for its sustained development? So they have no need for the FIRE mindset?