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47 sats \ 1 reply \ @freetx 4h \ on: The Bitcoin Paradox: Why Success Feels Limiting bitcoin
It is a paradox and its hard to know if its going to get better.
In theory, once a significant portion of the population owns bitcoin and adoption slows, then there will be better things to do with Bitcoin than just hodl it.
The community itself is torn.....there are those who are passionate that we must spend bitcoin in order for it to fulfill its vision....simultaneously there are those who don't like the idea of buying a $3.50 coffee that winds up costing $35.00 in 5 years.
Due to very clear deflationary pressures on bitcoin (ie. constant lost coins exceeding mining issuance, etc), its not clear that it will ever improve. Certainly growth will slow, but it may always compete against the best investments within a few percentage points, making it uneconomical to dispose of.
Given its inherent deflationary nature, will it ever be possible to make investments and receive income in bitcoin? I don't know.
Would you agree to a job that pays you in bitcoin with the following terms: "1 BTC per year, 20% less each year"? That requires you to believe that Bitcoin will not have any extended bear markets....likewise your employer would probably never agree to just "1 BTC per year" so its hard to see how a successful negotiation would ever happen.