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Knut Svanholm out here dropping TRUTH BOMBS.
Beautiful Big Read, somewhat less spicy than last week's (#1063630), but oh so important.
Important notion for Bitcoiners to know, constantly hearing from stock-picking bros and nocoiners about how bitcoin doesn't do anything: "There is no such thing as idle money! Whether saved or invested, money is always doing something for its owner."
Most appropriate and relevant INSIGHT (#1073289):
You turn off the television. You reclaim your time. And you realize that accumulating capital and freeing your time are not selfish acts. They are the basis for helping others. Investing in yourself — in your skills, savings, and relationships — enlarges the pie for everyone. You participate in the division of labor. You produce value. And you do so voluntarily. The most radical action you can take in a broken system is to build something better outside of it.
Praxeology, the title of Knut's book, and Catallactics, the economic science of exchange, points to the wonderful human cooperation that is markets, prices, and exchange.
114 sats \ 0 replies \ @Scoresby 18h
It has been said that Robinson Crusoe is all one really needs in life.
Dude totally would have been a bitcoiner.
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I liked this part...
"There's no such thing as idle money! Whether saved or invested, money always does something for its owner."
Wow, when I read Robinson Crusoe, I was a 13-year-old boy... How time has flown...
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Who the heck
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