I just spent bitcoin at Steak n Shake on White Paper Day. Spending bitcoin is good. If you care about bitcoin, you should spend bitcoin. Bitcoin maximalists spend sats.

Replies (23)

Dabby's avatar
Dabby 2 months ago
Agreed. Since BTC was designed as a p2p currency, lets use some of it. Sats are meant to be spent, while BTC is meant to be saved. As the saying goes, if you dont use it you lose it. Not sure that totally applies but in this moment that's how I feel. Also, if you have a fold card, you can buy a gift card with fiat and earn sats. Today looks like you get a Sat boost at S&S. Great card if you don't have one to stack sats!
Justin Trudeau's avatar
Justin Trudeau 2 months ago
Relinquish custody to a lender, 50% LTV, get charged near 14%, get liquidated. Someone got your bitcoins for free. The price of your avarice.
Petar's avatar
Petar 2 months ago
I loan against my Bitcoin all the time, it's the only way I have accessed my money without selling, it actually gives you more exposure to Bitcoin, giving you more upside, as long as the lender doesn't go under or you don't get liquidated, sure there are risks but there is risk in selling or spending because then the sats are gone forever never to return
You never spend you bitcoin!... Is shitty advice. Save and stack bitcoin - of course. But also convert some of your usual spending Fiat into bitcoin and spend it in bitcoin. As Jeff would say - give your energy to the new system. We should all be taking small allotments of bitcoin and spending it. It's our duty. That's what gives the new system energy. Save - yes. Spend - yes.