Nostr Web Client

Fair enough that's good for it at very specific places. The overall market is still Bitcoins, which is preferred- while still coming in useful at 'gray markets'.

People feel comfortable spending their XMR and need to move out of it real quick. The NgU stops people from spending BTC because we still remember spending bunch of it for online goods that are now 100x more today and that hurts a little.

Additionally Bitcoin goes through very cold periods, including now where transaction numbers get really down but pick back up, and speculation or just HODLing are use cases whether anyone likes it or not.

Hanshan 10mo ago

i contend that if you DON'T help pay for network security

you are not a user of the network.

hodlers dont pay for network security.

they ride for free and are therefore not "users."

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Discussion

Bitasso 10mo ago

I get what you’re saying about running a node, spending sats, etc, but this is an orchestra, not a solo, the very act of hodling has knock on effects that incentivize hardware and software that help secure the network.

Trace Mayer’s “hodler of last resort” principle also sets a base price, you could argue that this establishes a price floor that also prevents everyone from abandoning ship altogether.

Hodlers are important, their payment is through tenacious resolve.