Replies (3)

I don't think that NGU can be dismissed as something stupid. It's a simple fact of rational economic behavior that the vast majority of people won't spend now something they think is going to be much more valuable in the future. If someday we end up in a situation where Bitcoin has reached its total addressable market and people simply observe its price to be more or less stable against the dollar or stop measuring in dollars altogether, then we will see MOE. But it cannot be forced IMO, as much as I'd like for that to happen.
If you think buying something makes the world better youre just like the jetsetting davos patrons. It's like trying to cure hunger by sending a dollar a day to ndugu.