"Why would I spend my Bitcoin? It's your one chance to save generational wealth." ❌
You'll often hear that from Bitcoiners in the Western world.
But in 🇿🇦, we have a different relationship with money.
"When you do start spending Bitcoin, you buy more Bitcoin so you can spend it as well, then you end up saving more as well. So you actually end up in a better position," says Carl van Wyk from nostr:nprofile1qqsz85k206vm3vqdmlvcy9l4kyfqchlnf4hnctasxufa3ph0ck9decgpz3mhxue69uhkummnw3ezummcw3ezuer9wcq3wamnwvaz7tmwdaehgu3wvekhgtnhd9azucnf0g6jvr3g.
It's even more powerful in Bitcoin circular economies, as Hermann Vivier from nostr:nprofile1qqsptpha27kgrdnpw7cqs7ascrayvheshxy4jjwgjd5rdmz7dngnzvspz4mhxue69uhkummnw3ezummcw3ezuer9wchsz9thwden5te0wfjkccte9ehx7um5wghxyee00p2zjr explains.
"What we're trying to do is to get Bitcoin to flow within the local community. It's not about how many merchants you onboard. It's about what happens to the sats that you spend," Vivier explains.
"It's not about going out and onboarding shops. It's about onboarding one shop and then playing detective and finding out what they are doing with the sats that they are receiving."
"You want to try and circulate the sats in the local community. You don't want those sats to leave the local community as far as possible. And with the effect being that when people are spending sats in our local circular economy, the value stays within the community."
This was one of my favourite Bitcoin-focused #CHAINREACTION shows to date.
You can find the full video on X.
https://blossom.primal.net/0d17725d1d01780df23803d5f1a96d195c4a6140a6286b42cbe692bc2fcd5649.mp4
