There is a important difference during the transition period with fiat-bitcoin competing. Most (even committed bitcoiners) will do what I do:
💯 I will spend fiat, hoard bitcoin until either:
1) I can get paid in bitcoin or 2) when producers of really good stuff refuse fiat
#2 is THE KEY to the transition to the MOE era
Also Hoarding Bitcoin creates incentive to work/produce more to avoid forced selling. This will be true forever
I will always spend bitcoin with merchants that accept it. I just replace what I spend. I believe it is important to support the circular economy.
Sure, I think this is about the same as what Im doing: Replace it by working an extra shift? or did you have extra fiat lying around? Any extra fiat I have gets imediately exchanged then hoarded.
I DCA weekly. I run a small business along with work a full time job. I keep some fiat on hand for business expenses. The extra comes from there.
