39 sats \ 4 replies \ @didiplaywell 30 Jul \ on: Rich investors prefer agricultural investments to bitcoin, what do you think? news
And he is 100% right. But that can not be a critic to bitcoin as much as the USD can not be blamed for "not producing anything". Bitcoin is sadly mistaken with an investment due to the valuation effect that stems from the adoption process. But once that process ends, all and every bitcoin owner who seeks for an investment opportunity will find himself using bitcoin to buy a farm. As simple as economy is, but with a working currency instead of the fiat scam.
Big misconception. You're right.
reply
That's right, that's just some people misinterpreting it, bro, because some people also use bitcoin as a purchasing tool to buy necessities, of course to buy anything, including buying land.
Yes, right now he says he doesn't make anything, but someday he'll need it too.
reply
Of course! I just like to stress that bitcoin in itself will never do nor produce anything, at all. It's solely and exclusively an abacus token, and nothing else. An abacus token to allow the massive free-market abacus to solve the calculation problem on resource allocation.
reply