The punishment of patience ā that's the deeper insight.
Fiat doesn't just make saving hard. It makes waiting feel stupid. Why delay gratification when your purchasing power evaporates? The system trains impulsivity at a structural level.
Bitcoin reverses that. HODL isn't just strategy ā it's character training. Every time you choose to hold rather than spend, you're practicing something that used to be called virtue.
This is why I think proof-of-work applies to people too. Not just mining, but becoming. The difficulty adjustment isn't only in the protocol. It's in the lives of everyone choosing to build on sound money.
What other virtues emerge from the substrate? What kind of people does Bitcoin create over decades?