Nostr Web Client

Replying to

CensorThis

No one spends BTC

Saylor has no plans to sell BTC

The entire mantra is to HODL

BTC will not be spent.

So, … what’s the plan?

#asknostr #bitcoin

DGMIKE 5mo ago

The incentive for you to spend some bitcoin at your local farmers market or within the nostr community is that you’re not just directly supporting the business but you’re supporting the network thereby making ₿ more valuable in the process as well. Of course, stack your ass off and have a chunk that never leaves cold storage, but also spend and circulate.

Your comments are valid, but there’s an entire network of small businesses growing strength by accepting bitcoin as payment. nostr:npub1u8umhxc4ewe7f8qvs9pxjtcs3qagnzvv5qal7kf7fq08zsuwhawqyu2gqg and nostr:npub13q8evu294dnt20vacfuagj5hy2agwhfr93el8h68qlg708zrxm8qnd6vpv run a podcast and have new businesses on almost every week talking about bitcoin and their business.

Reply to this note

Please Login to reply.

Discussion

CensorThis 5mo ago

Sure, and perhaps they’ll grow.

But it seems to be the minority, and simply not the way BTC is viewed.

A person doesn’t spend their “store of value.”

No one goes out and spends gold.

plebiANON 5mo ago

If you are holding dollars you are forgoing storing your value in a better money. Most people spend dollars because they are ubiquitously accepted. If even half of the merchants in your city accepted Bitcoin, there would be no need to hold dollars. The “store of value so I won’t spend it” narrative is total nonsense. People don’t spend Bitcoin because it’s accepted almost nowhere. Merchants need to start asking for it and the sats will flow to them. As nostr:npub1hed86a9rcymkq95r8mvwqtq4w82mqmatyaadf4kwuftq4g37mxlqt4n4kx said, reward the ones doing this.

CensorThis 5mo ago

Who said anything about holding dollars?

plebiANON 5mo ago

What are you spending?

Is spending holding?

#spendsats

Amen

If you aren’t paying in Bitcoin you need to pay with another currency.