202 sats \ 5 replies \ @sudonaka 14 Nov 2023 \ on: Taking a sabbatical from Bitcoin FOSS meta
Code devs value their wealth in $ ?
I guess only the ones who quit and want to start hedge funds.
I guess only the ones who quit and want to start hedge funds.
Until miners rewards are paid mostly on a substantial fee market, Bitcoin is an experience.
Good to diversify your financial portfolio with multi-class of assets, which are yet still globally denominated in dollars, whatever we think of the $ has a worthy monetary standard.
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Mining is a free market. If one miner isn’t profitable they will turn off and another miner will take their shares.
The indication is hashrate and it’s at ATH daily.
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The point is on diversifying your financial portfolio with uncorrelated assets.
As a beginner lecture: https://en.wikipedia.org/wiki/The_Intelligent_Investor
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I would love the day when BTC has enough real-world adoption to be leveraged as a stable measure of value in business dealings. That might take two or three decades.
I can only recommend Frank Knight works on the necessity of a stable common scale of value in the planning of business endeavors.
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