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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Robertrobert 1y ago

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.

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