The one thing I enjoy about bitcoin is that there is finally a network that rewards those who work for it. There is no bullshit like prefferentail inflation or downstream ways of holding funds to be spent to the detriment of others. The only way you can acquire funds is through expending resources, time, and labour to mine and secure the network, to work for it and get paid in bitcoin, or to trade your fiat currency for bitcoin.
Proof of work underpins the ecosystem and there is no way around it, if you remain in the ecosystem. If you're using stupid shit like wrapped bitcoin or trying to earn a yield on CEFI platforms, you're taking far more risk than you understand and you might lose all that bitcoin and that's great, people need to learn there is no wealth without work.
These are all tactics to pull capital out of your wallet and into other peoples wallets so they can gamble with it. We've already seen plenty of investors lose their shirts and there are many more to come.
Hodling is all you need
The chase for yield is a fiat paradigm that is required for the shitcoin world to function because shitcoins work on inflation. Bitcoin works with deflation so you need not chase yield, you don't need a return, you can hodl with zero counterparty risk and enjoy CAGR unseen the world over, the risk-adjusted return is crazy asymmetrical.
This is the secret people don't realise, because math isn't their strong suit. I feel its like my super power at this point, while everyone is running around jerking themselves off trying to fit as many dicks in their mouths to get more tokens, take more risk and generate more returns.
I quietly go about my daily job, stack sats and secure them in cold storage and still outperform all of them. It's hilarious.
Africa is bitcoin ready
Africa is filled with over a 1.5 billion people who are all ready to work, they've not been put to work and not been properly compensated for their labour in this rigged fiat system of trickle-up economics. When I see stories like Zimbabweans importing cars with bitcoin it makes it oh so clear where this revolution is going, it's going to those who understand how to work for money and how to save money.
Everyone else will lose their bitcoin over a long enough time frame.
When I see African shitcoiners, all I see are people are so desperate to get into the Western class and are indoctrinated that these systems are the way the world has to work. Some may suceed on paper and in the short term, but if you think you're going to shitcoin your way to retirement or generational wealth I am sorry that's not going to happen.
All you're doing is feeding a new overlord with your labour, supporting a new political elite and any money you hold in that system is being diluted by the powers you support and you have no say in it. As long as they keep you dumb, docile, and asking fewer questions they can extort resources from you.
Feeding you more and more shitcoins while they take the real profits for themselves.
Have your say
What do you good people of HIVE think?
So have at it my Jessies! If you don't have something to comment, "I am a Jessie."
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