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0 sats \ 4 replies \ @cashflow OP 17 Nov 2023 \ parent \ on: Bitcoin will fail. Change my mind! bitcoin
Is that so and is bitcoin strong? Is Lightning strong? I think you're asking (only rhetorically, of course) for an alternative suggestion. The basis for this could be the assumption that if I warn against investing in Bitcoin, then I must be against Bitcoin and therefore I should suggest an alternative. Good. I'm not against Bitcoin, I appreciate the developers' performance and I respect them a lot. I like the community, I like the Lightning wallets, Nostr. A great combination, in my opinion. But Bitcoin will fail, that's a fact. If you ask me about an alternative, i.e. how I invest my federal reserve notes, then I would also like to answer that question. I invest in people, in companies. That doesn't mean I buy stocks. I build companies or buy them. To be more precise, I don't do it myself, others do it for me. It's important to me that the money benefits people. Fiat and Bitcoin are dead capital. Do you know what Jesus did to the tax collector, or what the tax collector did when he celebrated with Jesus? Of course I also hold some cash. I hold equal amounts of dollars, Swiss francs and euros. Not much, but something for life and security. But above all, I invest in travel, experiences and so on.
Do you know what Jesus did to the tax collector, or what the tax collector did when he celebrated with Jesus?
No, tell me
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Sure, here's a summary of Zacchaeus' story. The story of Zacchaeus is found in the New Testament of the Bible, in the Gospel of Luke, Chapter 19, verses 1-10.
Zacchaeus, a wealthy tax collector, wanted to see Jesus as he passed through Jericho. Since he was small, he climbed a sycamore-fig tree. When Jesus reached the tree, he told Zacchaeus to come down because he would be a guest in his house. This surprised and angered the crowd, as tax collectors were often unpopular. However, Zacchaeus promised to give half of his possessions to the poor and to pay back four times as much to anyone he had defrauded.
Jesus acknowledged Zacchaeus' repentance and explained that salvation had come to his house that day, emphasizing that the Son of Man had come to seek and save the lost. This story explores the themes of repentance, generosity, and the transformative power of encountering Jesus.
I think this was not just about repentance and reparation, but also about finding and harnessing dead, i.e. useless, capital and converting it into capital for the benefit of people.
Does this help you so far?
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Nope, your use of "dead capital" makes no sense.
If bitcoin fails, we're all fucked anyways, so cheers, good luck with your fiat.
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