*I wouldn't call myself an expert.*

There are of course different opinions on this, some say that you should spend bitcoin to increase adootion.

However, if even a fraction of bitcoiners made transactions daily then our mempool would be utterly trashed, and lightning is not ready for public use. Further, Gresham's law states that weaker currencies (fiat) will push harder currencies (bitcoin) out of circulation, as people will hold on to their good currency and use their bad currency; so there is almost little point in fighting it.

I think we have a few 10Xs left before price stabalizes, lightning develops, and the public sees the tragic difference between bitcoin and fiat. Ultimately, all liquidity flows to assets that appreciate, today that usually means a house or real estate, followed by index funds. Convince people to keep 1% of their networth in bitcoin as a hedge and people will notice that their bitcoin strangely decouples from traditional markets at interesting times, it pumps when markets dump, its liquid when banks fail, it reliably beats inflation, it isn't marked to zero because the US decides to cut off investment in foreign businesses. Surviving that long, my friend, requires your bitcoin in cold storage.

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Hi Geist, can’t zap your note. 😞

I could! 🐶🐾🫡

I could too, something was wrong on my side.

Good points again, but I still fail to understand how keeping a currency as a cold asset helps that asset? It increases scarcity of it, but that’s exactly how good works! If we don’t use it, we lose it? 🐶🐾🤷‍♂️

Its not all or nothing. Why not save to buy something bigger or better with bitcoin instead or sending a few sats for memes or whatever.

Fair! I am asking more about how that saving is done, vs spend! 🐶🐾🫡