Replying to Avatar やトナ

It’s both. Real money should be able to provide both use cases. Since it’s hard money you save as much as you can, and spend on what you truly value, instead of wasting money & time on something that’s not worth it.
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Moss 2y ago

Yes, but most purchases in life don't require hard choices and thinking.

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Ashhash 🫶💜⚡️🧡 2y ago

But maybe they should?… we are spoiled and lucky that many of us may not have had to deeply consider most purchases… it’s not like that in many other places… just saying… 🫶💜🤙🧡👊🙌🫂

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やトナ 2y ago

Yeah, on a bitcoin standard people would subconsciously start making better spending choices because the price signal wouldn’t be distorted distorted.

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Moss 2y ago

Yes, the price. Is it consumption that makes bitcoin valuable, or value that makes bitcoin consumable? The first bitcoin purchase in history, two 🍕🍕pizzas worth 10,000 bitcoins in 2010, now worth $270 million, is now considered by most people to be a waste of bitcoin. If we had spent two pizzas in fiat money, they would have been part of our daily consumption.

Popularizing #Bitcoin consumption seems to be driving against the wind.

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やトナ 2y ago

The pizza situation happened 1 year into bitcoin’s life, the volatility will stabilize with adoption. Bitcoins characteristics make it both valuable and consumable/transferable. If paper money was backed by gold and never inflated, it would operate similarly.

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Moss 2y ago

💯