Global Feed Post Login
Replying to Avatar Kayne

Yesterday he said that you can only sell Bitcoin.

That spending it on buying a product or service is no different to exchanging it for fiat.

He has me muted, but I corrected his comments anyway just for other people reading.

Bitcoin can not be sold, it can be exchanged for a different currency, or it can be spent.

When you buy a loaf of bread for dollars you don't "sell" the dollars for bread, you spend them.

When you exchange one currency for another you aren't selling a currency.

I explained that to "sell" a currency you have to be in the position of a central bank.

To "sell" Bitcoin you would need to control a majority of the nodes directly.

I really wish he'd unmute me because I want an invite to his centralised no zapping version of nostr. I just wanted to check it out and see what the hype is about, he reckons it's better than nostr. I just want to see for myself that it's not.

Avatar
Ryan 4mo ago 💬 1

I'm muted. Not worried about an invite. Unbothered. Moisturized. Happy. In My Lane. Focused. Flourishing.

Reply to this note

Please Login to reply.

Discussion

Avatar
node 4mo ago

Same. I muted him too. He can talk into the void 😂

Thread collapsed