Subnostr

Saving in bitcoin is using bitcoin. But I do spend it as well.

There is a view that as a given unit is adopted as global money it must first demonstrate that it can store value through time. And that’s the stage we’re in. I tend to agree with that.

But Bitcoin is used transactionally as well. In the end it’s not up to anyone to say how it should or shouldn’t be used - the market will decide.

kidwarp 2y ago

I do not agree with "saving bitcoin is the same as using bitcoin" although I do understand the logic behind it.

I agree with having a "savings account" & "spending accounts".

Personally I don’t think enough people can detach bitcoin from the preconceived fiat market value.

It needs to be used more to transact & less saving to spread more adoption.

How do you plan to onboard the rest of the world population when there’s less then a few million bitcoin actually circulating working as a currency.

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Discussion

BTC_P2P 2y ago

Everyone on earth needs a SoV. So demand for the sat unit goes up over time as people realize bitcoin is the perfectly engineered SoV tech + its decentralized and immutable.

So value of the fixed supply unit scales up with demand. That ensures there is enough bitcoin for everyone.

kidwarp 2y ago

I agree but the way we’re doing it is ass backwards.

Lower price more coins circulating should lead to wider adoption & faster sov with out actually holding any coin.

BTC_P2P 2y ago

There is no right or wrong way. These are market outcomes. You nor anyone is smarter than the market.

kidwarp 2y ago

Very much agreed