Replying to Beiner

On the whole business side like actual businesses for them to keep it in circulation it would have to take for their suppliers to also accept bitcoin you see Where that goes.. If the mom and pop shop needs to sell the bitcoin to pay the supplier for the things at the shop that stops the bitcoin from circulate. That's the problem that I'm seeing.
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The Fishcake (nostr.build) 2y ago

Maybe, but that is tangential to my question. I am asking about “cold storage” 🐶🐾🫡

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Beiner 2y ago

Cold storage just means you have a device with 24 words that's it. You see I spend BTC everyday. But there's a certain amount of BTC that I consider cold storage because that amount I will never move. And I don't have a device. I use Phrases for my passwords 4 to 6 words as well.

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The Fishcake (nostr.build) 2y ago

I get it. But that still depends on how much of that is seating and literally does nothing. If it doesn’t flow in sufficient amounts, it doesn’t grow! 🐶🐾🫡

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David King 2y ago

i find John Pfeffer’s analysis of the “velocity” of tokens a compelling explanation for why hoarding is a valuable aspect of bitcoin

https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor's+Take+on+Cryptoassets+v6.pdf

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The Fishcake (nostr.build) 2y ago

Hoarding or HODLing? 🐶🐾🫡

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David King 2y ago

🫡 hodl on

or fling sats if you want to 😉