Hodl.
Think about it. Spending becomes "network holding" when everybody uses native Bitcoin (or Monero).
If you convert it back to fiat no matter the way you choose you are pulling the plug.
What's so hard about asking a couple of merchants if they would accept your Bitcoin (or Monero) directly?
Some of them will agree officially, some under the table.
You are having this conversation with guys like Darth and me that have converted dozens of businesses to take our coins.
If just one thousand people on this fucking planet choose to do the same we get real adoption going again like in 2012 and 2013.
You get to choose to be one of us or for them, pulling the plug whenever youbspend and reinforce the fiat stronghold.
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Bitcoiners still in the process of finding out why they even bought Bitcoin in the first place.
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I get it, I want the same thing, but ‘don’t spend unless you can spend bitcoin natively, otherwise hodl’ is not an option for most.
Holding to become rich without PoW was never the plan.
You need to put in PoW to convert merchants which is not that complicated as most want your money.
Thinking in a systemic way. If the majority of people think like you, then it is about time to leave the ponzi, because the house of cards will come crashing down the moment people pull more Bitcoin exchangig it for fiat needs in a crisis scenario.
People assume Bitcoin is NGU tech because it has a limited supply. They just need to wait. Do nothing.
I say this couldn't be further from the truth.
Without real on the ground adoption aka a working parallel system it's nothing but a mirage.
It'll come down like the WTC, but unlike then it won't be a controlled demolition, but a cluster fuck of epic proportions.
Okay right, but what if you get paid in fiat and use that for day to day expenses
I try this all the time, but in my area its incredible hard to convince a merchant to take bitcoin as payment. I just havn't been succesful doing this, but I do keep trying. So in this case, now what! I still need the goods! I must convert to fiat and pay the merchant what he requires for the goods I need.
Then you can choose to keep the fiat system afloat or pull the plug on it.
Also create a side business that is part of the circular economy.
Well said, take my sats