I like that—spend and replace keeps things turning. But do you think most Bitcoiners are actually ready to adopt that mindset? Feels like the mind fuck of spending sats is still huge for me personally.
maybe the real key for me is fixing the psychology around spending Bitcoin. If people keep treating it like digital gold and never use it, how does it ever become money? Just some thoughts that keep me up at night.
Very few Bitcoiners spend it which helps Bitcoins success the most. The sentiment of the post is to make them think differently about the risk of not securing the medium of exchange (MoE) property of money. Money is only money insofar that it can exemplify the properties of money. Medium of exchange is an important one to exemplify. If we don’t win MoE, the value of Bitcoin will be capped from other forms of money winning MoE.
Spending on bitcoin companies helps the most in the long run because it ensures the value of Bitcoin as money when the medium of exchange is Bitcoin preferred.
