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I thought #Bitcoin was money? Yet, many Bitcoiner’s I know outside of #Nostr don’t use it as such.

Here’s a direct quote from a friend 👇🏽

"For me personally right now I’m not giving up the most scarcest asset ever created. I’d rather use my dollars to buy stuff. It loses value. Bitcoin gains value and giving me my time back.. The bitcoin for me rn I’m stacking and saving it. Later on it’s possibility I’ll use it as money. But right now I’ll use the devalued currency and keep the sound money for me."

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Discussion

Kevin 11mo ago

I see both sides, but I encourage everyone to transact in Bitcoin. It's life changing. I loved using it down in El Salvador. When we got back in the states took my wife to dinner and she saw on my face how sad it was that I couldn't use my lightning wallet to pay.

It's way better than fiat.

₿lockchainYog丰 11mo ago

Definitely.

I see money as a tool for spending, saving, investing, and transacting. I approach Bitcoin the same way I did with fiat, but with a much higher savings rate. Around 90-95% of my Bitcoin is in cold storage for saving, while 5-10% is kept for spending and transacting with peers using lightning.

민준 (Min-jun) ⚡ 11mo ago

#Bitcoin as the hardest money empowers the common pleb to save value into the future.

Your friend uses it as money, just the time preference and the use case seems different to yours.

#Bitcoin is so much more than just money. And therefore, it can be used in different ways by individuals.

It's an open protocol, which will provide you exactly what you are looking for.

Filou 11mo ago

If you’re not spending Bitcoin you’re missing 1/2 the value proposition of Bitcoin. Permission-less currency. And number go up, but only if we use it and get other people on board or use it as well.

₿lockchainYog丰 11mo ago

THIS IS THE WAY

Sooly⚡️سولي 🇱🇧🇧🇪🇦🇪🇦🇴 11mo ago

The west doesn’t need it as money thus they find it as a store of value. The underdeveloped world needs its as a medium of exchange as a better money than what they have. Bitcoin is is a technology that allows you to trade and save your time for you and your generations to come.

₿lockchainYog丰 11mo ago

Very well put

That’s what I like about Bitcoin. As it’s open source, it’s open to interpretation and use cases. I save 90-95% of it and spend / transact the rest.

If you you said I was in Peru in a remote b

Village it would possibly be my day to day spending tool since my currency debases faster than the wind and no access to banking.

We surely have it too good in the west and I’m blessed to have been born in privileged circumstances.