this post was submitted on 15 Oct 2023
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How is this not ok to reward those who don't spend? If we are going to stop climate change we need to stop consuming shit as much as possible
I think in this case the distinction between getting a reward and getting paid is important. Bitcoin just appreciates in value with the rest of the economy - you don't get paid a higher percentage of all bitcoins from saving them - like you do from staking, or holding dollar bonds.
My criticism here is against capitalism, not against Bitcoin. Bitcoin's best feature is that it minimizes profits, and inequality caused by the Cantillon effect.
I have seen how much Bitcoin spares the environment. I would easily emit 5 times more CO2 if I didn't put all my money into it
You would have called me arrogant if I served you the logical demonstration. You wouldn't get it