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Random thought I just had:

Fiat is better than bitcoin for sparking entrepreneurship.

A perpetually devaluing shitcoin puts fire on your ass to come up with creative ways of doing new things.

Fully buying into the price go up narrative makes many people lazier? Kinda checks out with the average entrepreneurial spirit in bitcoin circles

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calvadev⚡️ · 3d

In the short term it encourages rapid iteration, but in the long term it encourages selling out too soon.

Akashi Hyogo · 3d

That's just transition period. On Bitcoin standard there is no risk free rate and average return of stock index like sp500 is close to 0. Only way to make money is provide value (build business)

Could be so now when it's going up 40% per year, hard to beat that. Just my two sats.

Guga Figueiredo · 3d

I disagree. That's is an attention span and time preference issue. It punishes you for doing nothing. But it doesn't reward innovative and valuable output necessarily.

Keynes, is that you? Seriously tho. Look into the malinvestment created by fiat. Then think about the capital that would be available for honest entrepreneurs if people weren't frantically looking for an out. Action for the sake of action isn't inherently productive. You can waste thousands of ...

I think it’s more like cantillionaires have unlimited runway. Bitcoin entrepreneurs are just waiting for capital to be priced on the free market. Everything’s currently retarded