Subnostr

Admittedly I was trying to sound smart a little. But also I've come to be familiar with terms like "liquid modernity" through reading and podcast listening, and I'm using them to describe a specific idea.

I'm not sure what sort of reality digital goods have, but they do have *some* reality, as far as I can tell. As such, digital goods can certainly be bought, sold, and exchanged. Hence Bitcoin.

I just don't think Bitcoin is tangible enough to serve as an end. It should be used to obtain things of more concrete value. Which, really, is what currency is. Bitcoin seems to me to be a currency well-suited for a digital economy, but I don't understand the HODLers. They seem to miss the forest for the trees. Your original post got me thinking along those lines.

𝔼𝕣𝕪𝕟 𝔹𝕣𝕒𝕔𝕔𝕠 2y ago

By HODLers do you mean those who never exchange Bitcoin for anything? I.e., treat it as an end?

I’ve been under the impression HODL can mean “don’t exchange it for other currencies / don’t treat it like an investment” which doesn’t mean you can’t buy land, coffee, services, etc. with it.

I’m still figuring some things out, though.

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Discussion

MichaelJ 2y ago

Yeah that's what I mean. It seems some Bitcoiners are just hoarding it against the future in which Bitcoin becomes the default currency of the entire world. What if that never happens? Bitcoin may be a great means to an end, but it seems insufficient as an end in itself.

𝔼𝕣𝕪𝕟 𝔹𝕣𝕒𝕔𝕔𝕠 2y ago

I think they’re a bit shortsighted. The time to develop this parallel system is now. You’re not going to get to that future if people are not familiar with using the money, even if all fiat tanks.

Not that I have a problem with saving. Maybe they’ll be laughing at me in future 😂 but if they are will it won’t be because of anything they did.

MichaelJ 2y ago

Yep it's worth getting involved and flexing the muscle of a Bitcoin-mediated economy. Part of that, though, is knowing when to let go of the medium on order to obtain a more permanent good.