You can't have this viewpoint and spend 20k SATs on a burger
Discussion
You can’t flex about stacking if you’re too scared to spend. Belief means both saving and using….
That contradicts itself the opportunity cost of holding onto the SATs far outweighs any other use case for the SATs.
In other words, buy and hold and never sell, because in a week, month, years time, those SATs will be more than they are today 🤝 so why spend it now when I can hold it at a CAGR 20% like soiler says?
You are wrong. Whether you spend actual sats or fiat , instead of converting to sats is the same. By your logic, people will stop consuming.
Well yes, because those people who spent 20k SATs last week on a burger could have bought that burger meal cheaper this week.
We are no where near bitcoin being a standard for anyone to be throwing their SATs on burgers.
When that burger meal costs 25 SATs, or you're earning x amount of SATs a month, then it only makes sense.
Use fiat currency for these things, save wealth in Bitcoin.
You are still missing the opportunity cost - it's the same whether someone spends sats or fiat. They could have saved or consumed.
No, it's not. The cost of spending the SATs last week vs this week is that opportunity cost.
In other words, those SATs are worth more this week, and yet I could technically get more burger for the same SATs you spent a few days ago.
Sure it fluctuates, but net growth is positive over any significant time horizon.
Like think about 20k SATs in a year, worth more or less than last weeks spend?
If it's what worth more, a loss. If worth less, you gained.
You don't understand. Of course people are making the decision to save or consume all the time - this is clear. But, wether they decide to consume using fiat or sats is irrelevant, because its still an opportunity cost.
To say people will stop consuming on a bitcoin standard is ridiculous. It's in all the Austrian text books too.
Totally hear you…and yeah, opportunity cost is real. But I don’t see spending and holding as mutually exclusive. I stack aggressively because I believe in the long term upside, but I also spend occasionally to support the circular economy I want to see thrive.
If we all just hodl and never use sats, Bitcoin stays an asset, not money. I want both….a store of value and a usable currency. It’s a long game, and sometimes that means planting seeds, not just counting them.
Respect your perspective though. Utimately, we’re on the same team. 👊🏼
I don't know how it would exist in that duality,
😂 