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100 sats \ 1 reply \ @tlmort91 11 Jul 2022 \ parent \ on: I am moving over from Twitter bitcoin
Normies don’t have their money invested in other projects. They have it invested in other assets. Calling all other assets scams, and being very culty doesn’t help recruit more people to bitcoin imo.
We all want sound money, and have come to the conclusion that bitcoin is the best form of sound money. That’s what we should be focussing on as bitcoiners. Nothing else
What other assets? Are you under the impression that Bitcoin maximalists are calling housing a scam? Okay maybe a little bit, it is propped up by debt, but if you can get in at the tail end of a debt callapse its not so bad. Are we calling stocks scams? Well there are a lot of zombie companies that are propped up entirely by government subsidies and companies that are not profitable but are propped up by investor speculation (Amazon), but overall a basic S&P 500 stock portfolio over a 10 year period tends to beat inflation at the very least.
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