I see a lot of use of NGU as a slur. He wants NGU. I get this as an issue when it is short sighted greed but surely you all have more than that.
365 sats \ 3 replies \ @DarthCoin 23 Sep 2023
I like more the new term: NLB
"Bitcoin's Never Look Back Price"
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21 sats \ 1 reply \ @kepford OP 23 Sep 2023
Comments like this keep me coming back to SN and engaging with folks like you. Thank you for sharing.
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10 sats \ 0 replies \ @DarthCoin 24 Sep 2023
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0 sats \ 0 replies \ @nemo 23 Sep 2023
deleted by author
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97 sats \ 1 reply \ @siggy47 23 Sep 2023
I think there's also the implication that once the number goes up enough you trade it for fiat and buy stuff.
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0 sats \ 0 replies \ @kepford OP 23 Sep 2023
Yeah, and Bitcoin will punish you for it.
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80 sats \ 1 reply \ @birdeye21 23 Sep 2023
NgU is good for normie translation but the reality of bitcoin is that it's NgD!
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0 sats \ 0 replies \ @kepford OP 23 Sep 2023
Yup
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10 sats \ 0 replies \ @kepford OP 23 Sep 2023
What I dont get of critics of NGU is that the opposite would make bitcoin pretty pointless. Holding value in relation to other stores of value is one of the keys to bitcoin utility. Like many things the issues with NGU seem to be with people not the idea or term.
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10 sats \ 0 replies \ @kepford OP 23 Sep 2023
Purchasing power goes up forever. Its all about what you are comparing it to. Comparing to dollars is assumed but many that say NGU get it. They know fiat is number go down.
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10 sats \ 0 replies \ @southside263 23 Sep 2023
nothing.
most plebs are broke and need more money.
Over time NgU is natural for property, stocks, gold, IRA and bitcoin
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