Replying to Avatar Laeserin

This is in response to everyone who claims that a reluctance to spend Bitcoin, particularly on anything other than private consumption, is merely an artifact of people still having "worse money".

1) Some of the people unwilling to spend on anything other than personal consumption no longer hold fiat; they are already on a Bitcoin standard.

2) We have had other "better monies", like precious metals, and they were occasionally spent more like fiat because they were not absolutely scarce.

Bitcoin is an entirely new type of money. New rules will apply and ancient rules will apply even harder.

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Laeserin 1y ago

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