Sometimes people speak of Bitcoin and I get a moment of disorientation before I realize they're speaking of it as an *investment*.
Like gold, oil, Nvidia stock, etc.
There's nothing wrong with that, but it's a single dimension: up good, down bad.
Corollaries:
1. This is fungible: there are other investments, some of which may be better at going up.
2. They may be "really into" Bitcoin, but it's a phase: some other financial winner will come along.
3. There are no deep insights here, just a lot of effort to predict numbers.
4. They're not wrong: finance is important. But for me it's like doing my taxes: I do it, but I kinda resent the time I spend on it.
npub179…elz4s
2025-12-25 22:49:35 UTC
Author Public Key
npub179e9tp4yqtqx4myp35283fz64gxuzmr6n3yxnktux5pnd5t03eps0elz4sSeen on
wss://nostr.winePublished at
2025-12-25 22:49:35 UTCEvent JSON
{
"id": "65bca6b3dc8bc67ba902975687833212d9ceec623831599749a7bbca2ee85597",
"pubkey": "f1725586a402c06aec818d1478a45aaa0dc16c7a9c4869d97c350336d16f8e43",
"created_at": 1766702975,
"kind": 1,
"tags": [
[
"alt",
"A short note: Sometimes people speak of Bitcoin and I get a mome..."
]
],
"content": "Sometimes people speak of Bitcoin and I get a moment of disorientation before I realize they're speaking of it as an *investment*.\n\nLike gold, oil, Nvidia stock, etc.\n\nThere's nothing wrong with that, but it's a single dimension: up good, down bad.\n\nCorollaries:\n1. This is fungible: there are other investments, some of which may be better at going up. \n2. They may be \"really into\" Bitcoin, but it's a phase: some other financial winner will come along.\n3. There are no deep insights here, just a lot of effort to predict numbers. \n4. They're not wrong: finance is important. But for me it's like doing my taxes: I do it, but I kinda resent the time I spend on it.\n",
"sig": "6aa5cc5a3ccfce5ff2ea73811f8b544a0553ccd96c2207126d3b34be565e98109da711f845dc54e50f4f24be1b5ee3609fb736d7119a2b96eb868bf49097171a"
}