there are plenty of people who think we should not spend bitcoin the cool part is we can spend it without their permission

Replies (85)

They say that because they want people to have as much Bitcoin as possible, not as some ploy to control or suppress them.
indeed nevent1qqsgvxc76gj7qvdw3zl49346r3em3vgq68e8497vf9nsqu0vne5gxgcpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgf6tyx7
Send notes like you have never been to an hyperinflated country.
Not spending fulfills SOV but… Spending spreads adoption, fosters circular economies, trades value, enhances MOE, and the system of non-control.
scl's avatar
scl 7 months ago
Last time I checked, we can whatever we want with our money. So what if I would rather save it?
I mean… we all know it’s going to spent, it’s just whether it’s spent now or later
It’s your money, do whatever you want with it. Hold, spend, I don’t care. Just annoys me when some try to guilt people into thinking by not spending they aren’t using
That just makes me want to spend my sats even more! Not in stupid shit, but doing my daily expenses and dump fiat
scl's avatar
scl 7 months ago
The best part is we only use it for things we VALUE
Caleb Gregory's avatar
Caleb Gregory 7 months ago
That’s what makes nostr so cool. Before nostr, I think I bought 1 shirt with bitcoin. Now I’m zapping my favorite thinkers on the daily.
Caleb Gregory's avatar
Caleb Gregory 7 months ago
So happy to be a part of it. Thanks for always beating the drum that we should be on nostr. Took me a while to try it but I’m glad you didn’t stop shilling.
HodlHoyo 's avatar
HodlHoyo 7 months ago
Freedom 😎 nevent1qqsgvxc76gj7qvdw3zl49346r3em3vgq68e8497vf9nsqu0vne5gxgcpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgf6tyx7
Felipe's avatar
Felipe 7 months ago
I happen to have written a piece on this topic yesterday
I just can't, for the life of me understand their position. Just spend the Bitcoin, and instantly buy some more with the fiat you were going to use anyway. What am I missing? Is it the 1%-2% slippage?
if you aren't spending your bitcoin, your grand children call you LEGEND.
just reminder "everyone's a scammer" they want your bitcoin. We joke about a million dollar pizza, and hyperbitcoinization has not even occurred yet. I praise Laszlo for his entrepreneurial use of a new technology, but I do not wish for myself or others to be a Laszlo. financial advice: only sell what you can afford to LOSE the LEGEND parts is we can just HODL never sell without their permission #justhodl #indonesia #bitcoin View quoted note →
Our money is ours alone. Everyone other than my wife can go fuck themselves. I'll spend and stack as I please. That's the point of the thing.
ODELL's avatar ODELL
there are plenty of people who think we should not spend bitcoin the cool part is we can spend it without their permission
View quoted note →
zerkalo's avatar
zerkalo 7 months ago
Celebrating the truth of this statement by installing knots on the start9 server I just bought for btc (which I immediately replaced ofc). Got a nice discount for using btc, too.
ShopBACKED's avatar
ShopBACKED 7 months ago
I’m not one of those people! I say don’t sell ALL of your Bitcoin. If you buy it on something that you absolutely NEED, why the heck not? I will never feel bad about buying shelter or knowledge.
Martin Mladenov's avatar
Martin Mladenov 7 months ago
And I can't understand that. They compare bitcoin to gold and think they will only use it to store value. They will take loan and spend fiat. That may work in the short term, but if we all do it that way, then fiat wins. The ultimate goal is for fiat to disappear, so we need to use Bitcoin constantly.
You have to accept both usages of Bitcoin : - yes, it is a money for everyday transactions - and also yes, it is a store of value, actually the best humanity ever had, better than gold. Some people will use it as money only, or store of value only, and others will use it in both ways.
Lululuna's avatar
Lululuna 7 months ago
Two years ago, I did not think I should spend my Bitcoin. Today, I’m focusing my mental capacity on how to spend it on E V E R Y T H I N G I need in daily life. #backflip
Lululuna's avatar
Lululuna 7 months ago
Nor should you. I imagine the point is that as a Free Market community, we are coming together to find ways to expand our transacting to strengthen and secure the protocol. My intention is to find someone who wants Bitcoin in exchange for their investment property. And an independent grocer who accepts Bitcoin. And so on and so on until all my daily needs can be met by trading my Bitcoin for the goods and services I need. And until I earn in Bitcoin, I’ll keep swapping my fiat over to cover what I spend. Win win 🥇
Oops Might have just zapped you Great sentiment Bitcoin is just money. Money is for spending Ofc the choice of what to spend it on is totally up to you Value is in the eye of the beholder
Lululuna's avatar
Lululuna 7 months ago
And I agree with you! Never sell / trade all your 🥞 👊
Permissionless spending on permission marketplaces 🫡 nevent1qqsgvxc76gj7qvdw3zl49346r3em3vgq68e8497vf9nsqu0vne5gxgcpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgf6tyx7
If Bitcoin is not a good store of value, it’s not a good medium of exchange. If it’s only a store of value, it’s not money. If Bitcoin is not money, it fails in the long run even more than gold did, because scarcity is not why Bitcoin has value in the first place.
This is a scarcity mindset, which shouldn't be conflated with Bitcoin's scarcity. I know I produce more than I consume, so spending Bitcoin isn't a concern for me. I have savings and it increases over time, whether I spend or not. I figure the bulk of these people are leveraged to the hilt, have a small stack, or produce little economic value. That's generally consistent with those who have a scarcity mindset. There are exceptions, but they aren't the ones telling me how to use my money.
It's just a matter of being in a bitcoin standard or not 🤷‍♂️ who for need still has Fiat obviously spends Fiat and keeps ₿. Who is lucky enough to be in a standard ₿ obvious who spends ₿ 👌😉