This is how all property works, the more scarce, the more long term holders benefit over newcomers.
In fact this is also how all currencies work.
The longer I'm holding a currency & recieving a return the more currency I'm going to have compared to newcomers.
The beauty of Bitcoin is my currency probably won't make me a return of more currency just because I'm holding it - rather I will have to continue to trade goods & services for more coins.
How much nonsense can you fit in one note?
Replies (3)
Im holding it? Sounds like an ass beating around the bush there friend.
How do you own bitcoin?
Some bank or exchange?!
Mined? With what value?
🤭
And you’re telling that just because currencies of modern economic is flawed, it’s the way it supposed to be?
See the argument is not against bitcoin or any other currency, but the argument is against inheritance of flaws when refactoring to a digital asset.
The only thing that makes the difference is that Uncle Sam can’t reach it as easily, but that’s about it.
The crazy thing is the equating of saving as *taking something from someone else* - when it’s the perfect opposite. Saving literally means to NOT consume resources, and leave what you produce in the economy for OTHER people.
You can always know which is the more honest route by how difficult it is. Saving is hard AF, spending is goddamn easy. It’s easy as shit to get what you want right this instant. It’s hard to turn away from those things, to buy the frugal option, to avoid the frivolous expenditures so you can have something for down the road.
And not consuming is literally the only means by which we can grow capital. Its axiomatic.
