Plebs: Bitcoin is money, damnit!
Also Plebs: Don't spend it! Just think about how much fiat it will be worth!
Discussion
It's perfectly legitimate for bitcoiners to spend in fiat
Many bitcoiners are still earning fiat and stacking sats, and they don't expect to spend much bitcoin while they're still working and earning fiat.
Bitcoiners are supposed to understand game theory right, and so we can't complain when bitcoiners make the optimal spending choices for them 😀
My point was that at one of the most ‘hardcore’ bitdev meetups in the world, the vast majority of people still pay in fiat.
So what?
Many of the hardcore devs may still be stacking sats and earning fiat, perfectly rational for a hardcore bitcoiner depending on their personal financial situation
Its Gresham's Law
... so when will you talk to donors to ensure that the 'hardcore'(*) developers are funded in bitcoin?
(*) whatever 'hardcore' means 😀
Bitcoin existing doesn’t make Gresham’s law go away. The shitty currency gets spent and the good one gets saved. You can buy groceries with gold and silver in Texas but nobody does.
Gresham’s law goes away when you only hold bitcoin and zero dollars 🤯
pretty much