I don't think they are mutually exclusive.
NGU is an integral part of Bitcoin's design.
Bitcoin enables aligned selfishness between humans. It incentivises everyone to generate the most value they can for their time & labour while storing & trading it in Sats.
Wealth extraction is not possible at scale on the Bitcoin network. Wealth extraction is a phenomena within centralised systems where insiders have an edge over other participants.
Even MSTR's extractive behaviour towards the fiat system benefits Bitcoin & Bitcoiners. They're selfishly exploiting a flaw in the fiat system which raises the purchasing power of bitcoin.
I'm always a little wary of Bitcoiners trying to apply a purity test to others actions. There is no collective we in Bitcoin. Bitcoin does not require you to put others needs above your own.
Free markets reward those who correctly predicted where the puck was headed & punishes those who were wrong.
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I am more pointing more on which tool you use as money and so the incentives on using Bitcoin as money itself. In this sense they are different but yeah not exclusive as you can use both tools, FIAT money and Bitcoin.
I am not here to apply purity but just to point in distinction of use, as if you see there's also two different perspectives as yes NGU from a FIAT standpoint but if your tool choice as money is Bitcoin thenn it is the litteral opposite because Numbers Go Down, as what goes up is the purchasing power of your sats.
I don't see Bitcoin as a value generator or extractor, itnisnif you use the FIAT system as your base case and standing point and place where you return after using Bitcoin as tool to extract more FIAT being in the FOAT systems. If you make the complete shift goes and the path of exiting that system to the Bitcoin one than your value is saved, and purchasing power increases because people creating value means they found way to produce something or a service for less energy or better quality with same energy. This why NGD.
Free markets will be real when they'll seen trough lenses and valuated only when free money will be used IMHO.
Sorry for the late reply, and hopes to be understandable with my English and writing 🫂