I use strike to spend #bitcoin, I give fiat and they get new #bitcoin

This is why se dont have a strong circular economy 😅

Not a terrible assessment.

The target audience for this meme are all on X 😄

Outstanding 👏

💜🫡

🤣💜

Ouch

😂

Maybe it’s the Gresham’s Law that’s stopping bitcoiners 😁

Now imagine what this is like for those whom SATS are hard to come by because the government isn’t clear on their policies and banks are criminal

Easier ways to top up SATs would help fix that.

Spending & stacking more.

Fan of layer 2 solutions like LN & Liquid. Haven't dabbled into Fedimints, yet.

ItsTrue.gif

I would gladly transact with bitclin to buy meat, milk and other useful stuff, but nobody is doing it.

You don't have to spend your bitcoin, just convert your dollars etc before / as you spend them. @npub1ex7m...vyt9 is great for that sort of thing. I'm sure there's others!

Truly Strike’s superpower. My favorite feature by far

I always spend sat if i can. Just convert fiat at the moment for your spending.

I have bought and held stocks and will continue to do the same with BTC. Eventually (assuming we have a Federal Reserve) I will borrow against same to avoid a taxable event. Moreover this has saved me a ton of aggravation in terms of tax prep.

Controversial meme I like it

Literally this plus privacy and scalability issues View quoted note →

Maybe you need a Monero it's private so you can actually spend it

gresham law. You accept shit? than you will hold shit.

Sums up every #Bitcoin event. I created and promoted 3 Bitcoin (and was involved in onboarding one of them) accepting venues with my own capital for the purpose of stacking more sats, and trying to create a circular economy. Last halving event at @npub19yc9...y5fq a 15% discount was offered but no one took it. In total only a few people would even spend their #Bitcoins The sole purpose was to separate money and state and promote an alternative system. We can't do this if people don't even want to do more work. Fast forward to today, 1 of my Bitcoin accepting places is on the verge of collapsing (mostly internal schoolboy petty drama but still), 1 will likely not accept Bitcoin going forward (too much work so little gain), and the other one will remain as it is but I will try to stack SATs with a small percentage of the revenue. done with fake LARPers. people won't know what they are missing until its gone and personally I don't care anymore either. Next step probably move to El Salvador

It’s not just Gresham’s law. More importantly, it’s the tax treatment of bitcoin that disincentivizes spending.