> Stack sats.
Sorry you want us to stack sats or spend says?
Login to reply
Replies (2)
I believe it's both, i.e. 'sats flow'. You spend the Bitcoin you replenish, ideally by getting paid in Bitcoin (which is not common), and save more than you spend (stacking). Then leveraging new technologies (AI), hard work or any other enterprise you can muster (proof of work) to increase your satsflow.
Stacking and spending are not mutually exclusive, though stacking has a greater gravitas than spending, for the apparent reason that you'll be able to buy 1.25, 1.50, or 2 times as much of whatever it is you wanted, if you wait - this is where low time preference comes in re purhcases, alongside being able to purchase higher-quality goods - effectively changing how the economy woks. It seems to me alongside Bitcoin, is the idea that we should be using our mental capacity/gifts etc, to create value, and high-quality goods. For those that have >100 Bitcoin this is easy to do, they have the time to standbac and spend sometime in contemplation, for those less that 1 Bitcoin, this can seem far fetched, or not a reality for them - though the hope is, that they will too be able to enjoy the fruit of being on a Bitcoin standard.
Also, it's a hidden (you can't assign it a metric to track), but the more people who move to a Bitcoin standard, the better the reality becomes you, i.e. you can't fully know the real benefit (it's potentially massive) of giving your sats to someone else, the more the network grows, the more valuable it is, that means for you also, even though you might not have as much Bitcoin as you once did etc. If you can imagine sats being like blood, and everyone is an organisim that participates in such a mannor that only when the blood flows between all it's parts, does it become optimal, superoptimal. etc
Anyways, I'm yammering - pax!
> save more than you spend
Cool cool looks like you've put some thought into it.
If everyone saves more than they spend, i.e. everyone's stack is growing, where do those additional Bitcoins come from? From mining? I understand about 93% of all Bitcoins have already been mined, will those other 7% be sufficient to grow everyone's stack?