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Replying to Avatar bitcoinlimit

I see a lot of critics attacking bitcoiners for saving instead of spending. but bitcoin is money. whether you save it or spend it, you're serving the same purpose. the hard truth is, as long as fiat keeps flooding the system with unlimited supply, bitcoin will remain a store of value first and a medium of exchange second. and if fiat survives a little more, that dynamic will probably last for a few more decades. also, the more people save in bitcoin, the more they'll eventually spend it. you can't spend money you never saved.

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Detective Deft Defector 8mo ago

Agreed. I mostly agreed with Booth on his last WIM appearance but nobody is right 100% of the time, and wealth is resources reserved, not spending as soon as you have it.

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Detective Deft Defector 8mo ago

See also, all the nations and societal pockets where BTC and shitcoins are about the only feasible options.

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