Easy way to tell the real ones. It’s not about spending or saving. If you are on a #Bitcoin standard, you use your money and there’s not really a debate.
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Discussion
really real It’s #Bitcoin money ones. use there’s saving. not about Easy tell to a you spending and If your or a standard, debate.
nostr:note1scd3a539uqc6az9l2trt58rnhzcsp50j02tucjt8qpc7e8ngsv3sdlqdu8 are way you the on not
I don't #spendbitcoin unless it's fees that you're talking about, then we all spend.
so, enough already.
we can really pick shit apart and then slap each other with the pieces, sometimes.
#smij #zapd #freedom #decentralized #unity #rossisfree #grownostr
Amen
Always been money to me, however, time preference plays a big role in living permissionlessly one’s whole life as well as providing that option to your heirs.
Agree. I think the debate would be: Are you using Bitcoin lending it?
It always felt wrong to be in debt, so I will use my Bitcoin in the form of spending it and saving in it — not lending it.
Why give someone your bitcoin when they will accept your dollars?
Why would people spend something that's increasing in value and not spend the thing that's decreasing in value? This argument never made sense to me. Most people are not in the privileged position to live on a bitcoin standard and not have to save for the future.
💯 I will spend fiat, hoard bitcoin until either:
1) I can get paid in bitcoin or 2) when producers of really good stuff refuse fiat
#2 is THE KEY to the transition to the MOE era
Also Hoarding Bitcoin creates incentive to work/produce more to avoid forced selling. This will be true forever
I’m specifically saying if you ARE living on a bitcoin standard it makes it irrelevant. Obviously if you aren’t (or can’t be) on a bitcoin standard, then you spend fiat.
However, depending on if you have a “straight to BTC deposit” service that charges very little (I think Fold does like .3-.5% spread) and you use something like the Fold card, Strike debit, Cash App card with sats back, and do everything you can through The Bitcoin Co and Fold gift cards, you can actually live *cheaper* on a Bitcoin standard and be stacking passive balances in Fold rewards and Bitcoin Co rewards balances. I actually like this because it sets some aside in a separate balance that’s easy to treat as savings that you don’t think about. Then during normal bitcoin volatility you just shift to trying to spend as little as possible when it dips (or shift into BTC immediately if any fiat comes in) and buy items you need or make sure you’re caught up on payments/groceries if the fiat price jumps up a little.
I think there is an underappreciated benefit to living entirely on a Bitcoin standard too:
it completely immunizes you to the short term volatility. The ups and downs are just part of life. Really puts some hair on your chest 🤣. When someone makes a comment at you about how “it fell 10% what are you gonna do now!?” It will genuinely make you laugh because that happens all the time and you’ll have been through it like 90 times already, lol.
There is a important difference during the transition period with fiat-bitcoin competing. Most (even committed bitcoiners) will do what I do:
💯 I will spend fiat, hoard bitcoin until either:
1) I can get paid in bitcoin or 2) when producers of really good stuff refuse fiat
#2 is THE KEY to the transition to the MOE era
Also Hoarding Bitcoin creates incentive to work/produce more to avoid forced selling. This will be true forever
I will always spend bitcoin with merchants that accept it. I just replace what I spend. I believe it is important to support the circular economy.
Sure, I think this is about the same as what Im doing: Replace it by working an extra shift? or did you have extra fiat lying around? Any extra fiat I have gets imediately exchanged then hoarded.
I DCA weekly. I run a small business along with work a full time job. I keep some fiat on hand for business expenses. The extra comes from there.
It's just a matter of being in a bitcoin standard or not 🤷♂️ who for need still has Fiat obviously spends Fiat and keeps ₿. Who is lucky enough to be in a standard ₿ obvious who spends ₿ 👌😉