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Replying to Avatar EZ

Incentives to spend bitcoin:

- feels like the right thing to do when supporting services/biz/people you love

- you're too short fiat and have no other option

- you put a lot of time in your node/wallet setup and its cool AF

- fuck the banks/KYC

- some privacy and security gains (when you know what you're doing)

Disincentives for spending bitcoin:

- massive opportunity cost

- spend weaker money first

- capital gains on every fart

- privacy and security risks (when you don't you what you're doing)

- limited acceptance

- setup friction/malfunction

As of today, spending bitcoin is for the tiny minority of tech adept early adopters who make a conscious choice to do so for any specific reason(s).

Not spending bitcoin is for everyone else.

This dynamic can change when there are better Bitcoin-only products and services built on exquisite/tailored Bitcoin experiences that scale.

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BitcoinconManolito 9mo ago

I'd add to the upside the heavy discounts (~15%) offered by some retailers for btc payments.

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EZ 9mo ago

Could indeed be one of the key points to incentivize sellers if you can stomach the volatility for longer periods of time

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