Replies (11)

Spend and replace when you can. Other than zaps, the only time I have used BTC to buy something is when I bought a jade hardware wallet, and perhaps three times I have used bitrefill. Not too many daily ways to actually purchase with BTC yet, especially “in person” when out and about. Perhaps this time next decade it will be a different story.
if you are all in bitcoin. and also doing self-custody. you can only spend your bitcoin, because you have nothing else. if you are borrowing against it, you are not doing self custody.
Mr. Kratter, I have been a vocal critic of yours in the past because I thought you were part of The Michael Saylor cult of Fiat Maximalism due to your prior works but I appreciate you making this video, and I apologize. I hope you continue this work on advocating for spend, and replace. Thank you for making this video.
Time Chain's avatar
Time Chain 1 week ago
I fully agree that in order for bitcoin to succeed it must be spent. Imagine if Lazlo never spent his bitcoin. Perhaps it would never have taken off. The US Dollar has value in the Eurodollar/Petrodollar system because it is spent into the global trade networks. If we spend bitcoin into the system, there will be more users and more will ultimately be held. Hoarding alone as a store of value will hit a wall when speculation dries up. That being said...where can I spend my bitcoin? Not a lot has changed since Lazlo.
1. Check btcmap.org. 2. Check nostr marketplace. 3. Ask your local merchants (repeatedly) if they accept bitcoin.
@Matthew Kratter @npub1w69y...zltw - superb work gentleman!! Come on over to #thebullishmarket every 21st of the month to meet vendors selling unreal products for precious sats! Equally @Take My Sats is a one stop shop for all these vendors 24/7. Just to give you a feel, I present a small sample of the amazing Bitcoin only merchants; @Bitcoin Beans - Colombian cacao @oshi - Pecan nut butter and other delectables @Satoshi Coffee Co. - premium coffees from around the world @SoapMiner - artisan soaps @Small Batch Steve - spice mixes @Yojimble - Bitcoin strategic preserves @Sat’s Oil - fine Italian olive oil Just to name a few! It’s happening Matthew and Parker, it’s happening! Bitcoin is money and we use it as such! Spread the word, Nostr knows where to find us! Big love to all! And send us a DM if you would Like some high grade Colombian cacao in your pantries! Wives go particularly nuts for this! View quoted note →
The point is you start exchanging your time and services for Bitcoin. If everyone did this then we would all have great things to buy with our Bitcoin. Anyhow, it’s already happening, come on over to #thebullishmarket every 21st June or check out www.takemysats.com for a whole shop of outrageous PoW goodness priced in Sats!