Exactly. Bitcoin is already a SoV, no matter what your local twitter influencer says. It’s time to reinforce the MoE part, otherwise the SoV part will lose its significance.

Bitcoin that is not used as money fails as gold too.

Pro tips:

✅ Spend bitcoin directly whenever you can, then replace.

✅ If you have an online store, consider running a BTCPay server or use someone else’s to start accepting Bitcoin. Woocommerce for WordPress got you covered with a plugin.

✅ If you have a physical store, with a BTCPay server that is completely free you can set up a POS on any phone or a tablet to start receiving Bitcoin via Lightning.

✅ Explore apps like Bitrefil or Bringin that allow you to convert Bitcoin to fiat at any merchant and any service provider. Not ideal because of KYC and jumping in and out of fiat, but it gets the needle moving.

✅ Use zaps on Nostr to advertise your business to Bitcoiners.

Or if you’re lazy you can:

❌ simp for Saylor, Larry Fink and Donald Trump and wait for them to pump your bags (they won’t)

❌ complain about the fiat price of Bitcoin

❌ never learn how to use Lightning

❌ stay economy illiterate

❌ be a lil bitch

nostr:nevent1qqs0p5nr68yelw2r3mx5sjtp34y9chrcnwfvrpjc76przty2ctet75cppamhxue69uhkztnwdaejumr0ds6enp7e

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Discussion

MoE is the essence of money.

SoV and UoA are implicit in MoE

If people do not exchange, it’s technically not money.

Real 🫡

I agree with you. When I think back, my on chain footprint used to be higher- getting sub-$50k BTC, building up a bit and moving to cold storage primarily. But now, I have way more BTC interactions- DCA, zaps, paying in BTC when I can. But I have far fewer on chain transactions. If the BTC price moves up 2x or 10x or 100x, I’d personally have WAY fewer on chain moves the higher it goes. Just thinking through it and not sure how to reconcile, other than paying for things on chain just because it’s cheap now, even though Lightning might be a better option.

Genuinely open to ideas on this. What do you think about it?

Spending bitcoin does not have to be on chain IMO, in small transactions we have layer 2. Any bitcoin transaction between two parties helps bitcoin as MoE. We have to aim creating circular economy around us to buy good and services without requiring the permission of some authority figure.