To investors, There are many deeply held beliefs in the bitcoin and crypto industry that get repeated over and over again. One that I have always found peculiar is that “[Fill in the blank] is merely an attempt to get more bitcoin.” The argument is presented as a negative swipe at anyone who is buying, holding, or creating any investment assets outside of bitcoin. Before we dig deeply into this perspective, it is helpful to take a look at what capitalism and investing actually mean.
Today’s letter is well timed, Pomp! Bitcoin maximalism has brought me through phases, especially different attitudes, and I’m glad to come out the other side. As long as what we’re doing is morally right, some of us will do just about anything to acquire more sats, even if that means buying memecoins.
Today’s letter is well timed, Pomp! Bitcoin maximalism has brought me through phases, especially different attitudes, and I’m glad to come out the other side. As long as what we’re doing is morally right, some of us will do just about anything to acquire more sats, even if that means buying memecoins.
you can't really get mad at anyone (or any organization) that's opted to "stack sats" as part of their fundamental business model...
... this is good for everyone! but, it does make me a little jelly that i can't buy as many as i'd like, given the current price.
... that fomo is real... even worse for folks who know.