Re:BadEconomics: Putting $400M of Bitcoin on your company ba...
by cinntaile on Monday January 04, 2021 @01:30PM
(#25635766)
Regarding your last sentence. Trading your time for money will take a long time to build wealth. Wealth is usually created by holding assets.
Re:BadEconomics: Putting $400M of Bitcoin on your company ba...
by mlady on Monday January 04, 2021 @02:55PM
(#25636951)
"I'd rather have my future wealth come from value I create"
He doesn't say anything about trading time for money. If he creates value that scales, he can divorce his time from the money he makes.
Re:BadEconomics: Putting $400M of Bitcoin on your company ba...
by cinntaile on Monday January 04, 2021 @03:58PM
(#25637885)
I'm having trouble coming up with an example. Can you give an example of value that scales but that isn't an asset he holds?
1: Even if you can treat it like an asset, it's an unproductive one.
2: It's too easy to have some sort of problem and lose it.
At the end of the day, I see the long term value of BTC going to zero.
I feel lucky to have had some at one point, just to have that experience. One day, I saw that Bitcoin sitting in my wallet, and realised I didn't really care anymore. It didn't solve any problems I was having, and I couldn't do anything with it other than look at the balance or send it somewhere.
I'd rather have my future wealth come from value I create, than some asset I happen to hold.