When in doubt, zoom out. #bitcoin

I’ve been thinking about high transaction fees lately and how they might compare to fees associated with fiat transactions in the future. This leads to the question: should #Bitcoin be considered a store of value (akin to property) or a medium of exchange (like currency)? High fees may be more appropriate for one versus the other. Can #BTC be both now? If so, will it be both in the future?

Will there come a day when spending a UTXO becomes such an expensive endeavor that it transforms into a privilege reserved for a few? As fees can surge during periods of heightened activity, moving even a small amount of #Bitcoin could demand a significant financial outlay. This scenario leads me to wonder about the broader implications for self-custody. If transacting becomes cost prohibitive, could we witness a shift where individuals are deterred from managing their own Bitcoin, thereby nudging them towards third-party services for handling their assets? Such a development would challenge the foundational ethos of decentralization and individual sovereignty that #BTC was built upon.

One of my favorite #Bitcoin resources @bitcoin.rocks is now open-source! View quoted note →

Every time I’m about to buy the parts to build my own #bitcoin node, I put the money into #BTC instead. Lately, I have been laser-focused on stacking sats with whatever spare fiat I have, and it’s a hard habit to break.

I just mined a new vanity npub. I think I will continue to use this one going forward. #PoW @Moe OG