Replying to Avatar ภ๏รtг๏ภคยt

It's not to valuable to spend. You CAN spend it on bills via strike if you choose to do so.

I'm just not because I don't think using a limited asset that hasn't reached anywhere near its peak value or use case, doesn't make much sense.

Let me ask you.. do you think people would pay their bills in Tesla stock if robbinhood gave the option?
Avatar
Jordan S 1y ago

Its hard to say, I think generally they wouldn't because it's cost ineffective to do so.

But I'm sure there are people who could utilize as a tool for leverage, I would say Collateralized Debt Obligations in a way function similarly to that.

My point however is Bitcoin's value from scarcity is an issue that prevents it from being used as digital cash, which is what it's intended purpose was.

Reply to this note

Please Login to reply.

Discussion

Avatar
ภ๏รtг๏ภคยt 1y ago

Bitcoins scarcity is not preventing anything. People can use it as digital cash.

And people also can choose not to yet.

When you use bitcoin as digital cash is up to the holder of the bitcoin.

And imo thats why strike wants you spending your bitcoin to pay bills. It puts more bitcoin in their hands, less in yours.... because they know it's not time to spend bitcoin like that. We're just not there yet. There's still more value and uses to be gained.