0 sats \ 2 replies \ @Modus 1 Jul 2022 \ on: 🟠How do you justify investing in any Bitcoin/Lightning Companies instead of just bitcoin itself? bitcoin
To make the world a better place.
#40490
Thanks, I'll take a look at this video. So you see an investment in a bitcoin/lightning company as altruistic vs financial? I don't disagree with anything about Bitcoin making the world a better place - I'm 100% there. But I do wonder about the financial model? In your view, what will continue attracting capital to drive adoption (other than long time hodlers, those with a large bitcoin position, or those with the "society/interest/humanitarian" perspective)?
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So you see an investment in a bitcoin/lightning company as altruistic vs financial?
Personally I do. I would usually not expect any business to outperform bitcoin in terms of growing my buying power, but if someone knows of business that will do that without being a scam, that would be very interesting.
I think bitcoiner developers and entrepreneurs use limited resources wisely, unlike typical VCs and the founders they fund, who burn boatloads of fiat money on things that are unlikely to pan out. Bitcoin's makes the tradeoffs very wisely, and those who agree with me on that will usually also be smart about tradeoffs they need to make.
In your view, what will continue attracting capital to drive adoption
I think from now on bitcoin adoption will be driven by the world's wealthiest entities who are thwarted at every turn when they try to preserve their wealth. The amount of wealth that is stored in bonds is staggering, and that system of wealth storage is imploding as we speak.
Adoption will also be driven by people in countries whose economies are collapsing, and/or the leadership is blocking them from owning dollars or gold or things like that. The last people to adopt bitcoin will be average Americans, because dollars have served them well and could still do so for awhile longer.
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