When bitcoiners understand this, they’ll be more willing to spend some of their sats.
nostr:nevent1qqs8jhh2cj5xcrdh6fehhulshzm044848aff5mujkk8w3wwk8dt0h0s9ks8fx
When bitcoiners understand this, they’ll be more willing to spend some of their sats.
nostr:nevent1qqs8jhh2cj5xcrdh6fehhulshzm044848aff5mujkk8w3wwk8dt0h0s9ks8fx
Been thinking about this a lot lately.
The lines are really blurred between Gresham’s Law and Thier’s Law. The barrier to spend the bad and give the good money is virtually costless (Strike as an example). Bitcoin is seen as a store of value Because it makes a good medium of exchange.
Is there a precedent in monetary history that allowed monetization to do both at the same time with such little friction?
What if they simply don’t want to deal with the mental gymnastics of tax reporting?
Some of us already get it, but most still listen to Saylor and finance bros.
Use credit cards that pay cash rewards. i.e. take a rolling 30-day interest-free loan to spend someone else's dollars.
Eventually, as merchants learn to value sats as much as you do, it will be in their interest to adjust their prices in sats to make it in your interest to instead spend your sats.