Seen many posts on X from Bitcoiners saying that Bitcoin has no market fit as a Medium of Exchange, and that spending sats is dumb as fiat/stablecoins have a better use case.
My two sats below:
It is THANKS TO THE SPENDERS that Bitcoin has its current level of adoption.
Would Bitcoin be where it is today if Laszlo had never bought those pizzas with Bitcoin? If everyone had only hodled?
Of course paying in fiat/stablecoins is (currently) more convenient and smoother. It’s weaker money, and the rails of the fiat system have been built over hundreds of years.
But when you pay in Bitcoin, you send a HUGE message to the merchant, their staff, and their customers:
“This is the money I choose, and I value your service enough to pay you with the best money ever created.”
Just ask yourself: would you rather be paid in Bitcoin or fiat?
Hyperbitcoinization is inevitable, but it’s up to us whether it takes 20 years or 100.
Normalizing Bitcoin and making it real and tangible for everyday people is how we accelerate adoption.
Especially considering how easy it is to Spend & Replace thanks to Lightning.
In our local circular economy, @Bitcoin Basin. NZ , 50+ merchants currently accept Bitcoin and the main reason is simple: we actively support the merchants who are open minded enough to accept it.
When you offer to pay in Bitcoin, you create an incentive for merchants to consider it and eventually accept it.
Paying in Bitcoin is one of the easiest and most effective ways to get people started on their Bitcoin Journey.
It’s almost a public service for the network…just like in the early days, when people gave away literally hundreds of bitcoin so others could become familiar with the technology.
It’s your money. You can do whatever you want with it.
But if you want to see hyperbitcoinization in your lifetime, consider using it.
