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I thought #Bitcoin was money? Yet, many Bitcoiner’s I know outside of #Nostr don’t use it as such.

Here’s a direct quote from a friend 👇🏽

"For me personally right now I’m not giving up the most scarcest asset ever created. I’d rather use my dollars to buy stuff. It loses value. Bitcoin gains value and giving me my time back.. The bitcoin for me rn I’m stacking and saving it. Later on it’s possibility I’ll use it as money. But right now I’ll use the devalued currency and keep the sound money for me."

Kevin 11mo ago

I see both sides, but I encourage everyone to transact in Bitcoin. It's life changing. I loved using it down in El Salvador. When we got back in the states took my wife to dinner and she saw on my face how sad it was that I couldn't use my lightning wallet to pay.

It's way better than fiat.

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Discussion

₿lockchainYog丰 11mo ago

Definitely.

I see money as a tool for spending, saving, investing, and transacting. I approach Bitcoin the same way I did with fiat, but with a much higher savings rate. Around 90-95% of my Bitcoin is in cold storage for saving, while 5-10% is kept for spending and transacting with peers using lightning.