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220 sats \ 1 reply \ @guyfawkes 31 Oct 2022 \ on: I'm tip_nz, creator of btc videos such as The Great Resistance & Timechain. AMA! bitcoin
From an investing point of view, some argue that a bitcoin standard will make positive cashflows impossible because of the fixed supply. However the purchasing power of bitcoin will forever go up. How do you see the decision model for investing in a bitcoin standard change from the fiat one? Love your work Tip!
We invest fiat because it's a melting ice cube so we need to make a return on our investment to grow our wealth. We also invest fiat because we want to encourage innovation. Bitcoin removes the first part from the investing equation.
Even though we can grow our wealth simply by holding sats, this doesn't mean we're not incentivized to allocate our sats in a way that grows the value of Bitcoin as a whole, thereby growing our wealth indirectly. I want to spend my sats supporting Bitcoiners who are building user friendly ways to interact with Bitcoin, which makes the whole ecosystem more valuable, which makes my Bitcoin more valuable, and your Bitcoin more value, which increases all of our purchasing power. This innovation also increases efficiency and reduces our cost of living, which also increases our purchasing power.
We're all aligned because we want what's best for Bitcoin because we can all access and hold a piece of Bitcoin. This is not true for any fiat currency, any company equity, any financial instrument in the world. Bitcoin isn't just a store of value, it is an instrument for global incentive alignment.
Also, sats are a tool that allows us to redirect energy into avenues we wish to grow in order to shape the world we want to live in. I see the role of a user, a paying customer and an investor eventually becoming one, because we now all have a secure store of value that gives us the certainty of wealth, allowing us to have discretionary wealth to allocate to projects/people we want to back, without expecting capital gains in the form of equity, but in return, we receive a better product or service that will contribute and increase that value of our entire global ecosystem.
One million people each allocating one sat builds a world more reflective of the true nature of our needs than one institution allocating one million dollars. Because a million people who deeply understand their own problems in their own community can make a better decision towards a solution than one person sitting in an ivory tower, out of touch with the realities of the world. Bitcoin redistributes the power to shape the world through the lens of many. We move from being the spectators of our world to the shapers of our world.
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