Replying to Beiner

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 😉