i know what you mean and it's a fair point.

all I'm saying is if you buy a car and drive it home

and leave it there and never use it

it's generally considered unused.

and you're not considered a "user" of the roads and infrastructure either.

how many times a year do you have to move the car to be considered "a user?"

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Not here to try to correct you, as I’m no expert in the arguments here, but this is food for thought maybe:

I tent to agree on that view.

I think facilitating trade and store of value are the two key functions of money.

I can't really see those separated as some see to do ?

The whole thread is pretty good imo. Pretty sure there’s a “famous” article on “hodling is using” but couldn’t find it. Like was said earlier, guess time will tell

its undeniable that demand for BTC bootstrapped the network. That demand was certainly largely hodlers.

So there is an argument that "hodling is using bc it creates demand"

unfortunately things aren't static.

with every halving it becomes more and more important that MoE use increases.

its hard to see how that would EVER happen if the dominant view is that the purchasing power of each sat will only increase.

I'd suggest those conditions incentivize fiat loans and other services that enable hodlers to keep their capital but still reap the benefits of having it.

it just a theory

but are we also going to call taking out a USD loan against a utxo "using bitcoin?"

I smell a trap in your question 🤔

Honestly don’t know, inclined to say no but maybe yes in some complicated way that’s not immediately clear (or tasteful to the e purists to consider). Activity that increases the usefulness arguably increases value of asset —> NGU —> less sats needed per block for miners. I dunno.

fair enough 😀

No one buys bitcoin once and never uses it again.

Seriously how many ppl have one UTXO and just never touch it again?

ok a bunch of cars.

you buy a new car every sunday and park it somewhere.

not a user if you dont sometimes drive them.

When you buy you pay the fee for tx isn’t that “paying for network security” ?

in the most absolute minimal way

Ok since you don't want or can go there, I will try to give some insight to my own question:

With 8 billion people, let's assume 4 billion using #Bitcoin in some decades, even single person can only transact once every ~ 10 thousand year, and every block will be completely filled.

So that is some pretty BOLD HODLING to me !

Thanks for the prophecy, very insightful

anxiously waiting for any indication that people will learn to self custody en masse