Hutt's original article http://people.terry.uga.edu/selgin/ECON8610/documents/Hutt.pdf … is much better than Hoppe's confused restatement.
"... all money is always held by someone ... continuously 'good for something' all the while it is being held." Trust-minimized money is a valuable complement and alternative to the risks of other, trust-based, investments.
https://mises.org/library/yield-money-held-reconsidered …
ht @pierre_rochard
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So: HODLing Bitcoin is a hedge against uncertainty and "prepares you for unknown needs at unknown times."
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BTC also makes saving and holding money a lot easier by reducing saving costs, i.e., inflation, bank fees, storage fees, + reduced risk of seizure/theft.
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Nick keeps blowing my mind. You have an amazing gift for seeing truths others can’t AND are capable of explaining it to others. Thank you for taking the time to share.
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