yeah, the act of people exchanging is the essence of money.
if there were no people on earth, all the gold in the ground would not be money
the material properties of the object people exchange, determine its performance, not its categorization
Discussion
We Bitcoiners love to shit on the dollar, but the reality is, it’s still the most widely used currency. Bitcoin, for now, isn’t even in the same ballpark. That can change, but not just by HODLing. If the dollar’s dominance weakens and Bitcoin’s use as a currency grows significantly, the balance shifts. But that only happens when people actively spend, replace, and (if possible) earn in Bitcoin.
The strongest argument Bitcoin critics have is: “Nobody buys anything with Bitcoin.” And let’s be honest, that’s mostly true right now. If Bitcoin is going to compete with fiat, it needs real-world demand as a medium of exchange, not just a store of value or the cringe-worthy “digital asset”. Circular economies have to grow. Every time someone spends Bitcoin instead of dollars, it directly competes with fiat demand.
Earning in Bitcoin is the real game-changer. If people get paid in Bitcoin rather than converting from fiat, they’re more likely to use it, strengthening the network effects. Liquidity improves, volatility smooths out, and Bitcoin starts taking real market share.
It’s a long game, but spending Bitcoin is how we actually win.
sing it.
a glass half full assessment of the problem is that in fiat, saving is punished and coercion forces adoption
so people focusing more on hodl’ing is more a market reaction as the demand for the perfect savings vehicle is so high.
and bitcoin adotion isn’t truly free, so we know it’s real and not distorted by thr barrel of a gun.
*is truly free*
fat fingers 🤦♂️