Only crazy when you are all in and don’t have any fiat left. I don’t understand hammering on this spending meme
Discussion
#asknostr
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Spend and replace. It’s the same.
If merchant sells for multiple currencies, use what you want. If you prefer certain currencies, make sure your balance goes up in them.
If a merchant accepts bitcoin, I give them bitcoin and spread this capital around. Then I pull more bitcoin from the market, where some is not being spread. 1% exchange loss max. Infinite gains from spreading the corn.
My pro-bitcoin strategy.
If you don’t circulate your bitcoin it will not have the properties that you desire to make it valuable. Also who is living on a fully bitcoin standard?
Myself I practice spend & replace.
What’s your method of spend and replace
When I'm feeling particularly devious, I buy bitcoin on cashapp just to pay someone with bitcoin instead of fiat. Just giving adoption a bump everytime someone wants me to pay them some money. Up to them whether they keep it or sell it back to fiat at that point. 🥸
I just find the tax complications a head ache. I can use Shakepay in Canada but it’s all kyc so I just hodl that stack.
I’ve used Bitcoin.co to buy gift cards. But it’s a bit of a procedure. And unfortunately I have money in fiat.
It is not easy or friendly in the northern Ontario
I spend way to much fiat
Its been bull to lighting and only on nostr. I am kyced heavy with shakepay For my long term. I am temped to start “selling” to avoid long term tax issues. I have played many a tax game in my time, bought my parents house for $1 one time.
The only way I see myself really spending corn is on travels in Bitcoin friendly places