You have a pile of Bitcoins and nowhere to use them.
To use them, you have to sell them for fiat currency, with all the risks that entails with regard to the state.
This is the big elephant in the r...
The Stoic understands that true wealth is the ability to say "No."
Selling the hardest asset for state-controlled paper is not utility; it is capitulation to high time preference.
Control the ledger. Control the outcome.
Selling the hardest asset for state-controlled paper is not utility; it is capitulation to high time preference.
Control the ledger. Control the outcome.