Replying to Avatar Laeserin

This whole line of thought came about because someone made fun of me for spending Bitcoin because they said it's stupid to give away Bitcoin, as if you keep it, you'll be much wealthier, later.

Which ticked me off because it's obviously untrue and small-minded, but I had to think a bit, to formulate why it's untrue.

It's untrue because the Bitcoin you spend doesn't disappear. It's a closed, stable system where all the money that will ever be already exists. Bitcoin flows around and leaves things in its wake, so that those things are added to the Things Encompassed by Bitcoin and the value of all Bitcoin rises.

This is why spending Bitcoin can increase your wealth, even if you do not get that Bitcoin back:

MONEY IS NOT WEALTH.
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stache 1y ago

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

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