Also, GM.

Cloudy with a chance of sun, today. 🌤️

🎯

Once upon a time there was a Miser who used to hide his gold at the

foot of a tree in his garden; but every week he used to go and dig it up

and gloat over his gains. A robber, who had noticed this, went and dug

up the gold and decamped with it. When the Miser next came to gloat

over his treasures, he found nothing but the empty hole. He tore his hair,

and raised such an outcry that all the neighbours came around him, and

he told them how he used to come and visit his gold. “Did you ever take

any of it out?” asked one of them.

“Nay,” said he, “I only came to look at it.”

“Then come again and look at the hole,” said a neighbour;

“it will do you just as much good.”

I don't like the thinking because it's contradicting itself.

On one hand, these people *say* they prefer Bitcoin so much more over fiat that they would never spend any if they have fiat to spend.

On the other hand, they obviously still somehow always have fiat to spend.

🤷‍♂️

People can be too keen to implant their ways of thinking on others. I sold a large chuck exactly at the bottom. I knew it was the bottom and it was frustrating as hell but the choice was between that and having somewhere to live.

I save so I can cover my arse in a crisis.

If you don't have to spend your Bitcoin then you don't have enough.

Good money chases out bad money. People spend good money(bitcoin) when the object of their desire exceeds the value of their money. Money evolves. Store of value comes before medium of exchange or unit of account. We are still very early. Local exception like El Zonte exist but are not the norm yet.

You are free to push your energy towards others and what you value from them ⚡

Together, we'll bootstrap this economy.

This is the beauty of it 🧡

You are absolutely free to spend your BTC how ever you like, go forth and do whatever you want, enjoy, I zap, I’ve bought things with mine. It’s fine.

Obviously the absurd isn’t true, the more you spend the more wealth you will have. Your an adult I presume you are saving more than you spend, enjoy.

A cyclical argument

Store of value argument: Those who believe in BTC as a store of value (in relation to all fiat currencies and non scarce assets) assume it will appreciate over the long arc of time. So who in their right mind would get rid of it?

But store of value doesn’t equal currency and for BTC to reach its full potential value it likely needs to become a widely accepted currency. This can only happen if people spend it.

10,000 BTC for 2 slices of pizza wasn’t the dumbest investment ever…it may have been the greatest investment in freedom tech since the US Revolutionary War…IMHO🌅

Full disclosure: according to my kids I’m an idiot and so are u if u listen to anything I say