Replying to Avatar Vlad, Bitcoin Takeover Podcast

Gm, just woke up from yet another horrible dream.

I was at a Bitcoin conference 15 years after the project’s launch, and everyone was paying for stuff using their credit cards.

“It’s Greaham’s law, you spend the fiat first, earn points from Visa, and only HODL your bitcoins!”, they proudly said while ignoring the simple dynamics of supply and demand.

(they decrease the demand for bitcoin as money, while strengthening the demand for fiat)

Anyway, woke up and I’m happy that I am going to Pizza Day at Paralelni Polis next week 🍕
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LogicallyMinded 1y ago

Just wait about the horrible nightmare in which you can only spend #Bitcoin to and from KYCed addresses because of #covenants.

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Cyber Seagull 1y ago

I've been thinking about your post on that, but the key thing is that most bitcoiners know not to custody their coins, its part of the culture.