people forget that people spending their bitcoin in the early days is how bitcoin took off. if people kept it to themselves it would have just died. we are continuing this tradition on nostr.
we out here yolo'ing generational wealth so that our descendents will have a better future.
nostr:note1tax5j07he0q0pwv2u30cwvflhtjwj7xa5tp8yvg8nrn96rkkrncsfhllc3
I just really value shitposts
On point!
Yes and regular non tech ppl like me appreciate your contribution to bitcoin and nostr with Damus.
Legacy isn’t about sitting on stacks it’s about fueling the ecosystem. Early spenders gave Bitcoin life. Nostr’s the next chapter. Cheers to the rebels building tomorrow! #DecentralizeEverything
Reluctance to spend bitcoin (instead of dollars) is retarded.
Preferring hard money to soft money is obvious, but it only matters when it's hard to get hard money. You can buy btc in 2 clicks. It's a nonissue
Also if it it’s not used as money the network becomes unstable long term as the block mining reward diminishes. A serious problem needing to be solved in our lifetimes.
Maybe, but this needs to be thought through carefully and analyzed. I believe the developers are already considering this. Over time, things will change a lot, but depending on where the miners are based and the price of BTC, they’ll keep going strong. I believe we’ll face times of major decisions ahead, and that will determine a lot for the future
I should be more clear and general: there needs to be long term demand for block space, whatever form that takes
Money I believe is a key part of this
But also morally: if it is not used as money we are not shifting the time preference of the masses and spreading freedom. We’d just be shifting the fiat rulers.
I agree, but people are afraid to sell, and those with little only think about stacking! The community needs to encourage and work hard to change the full hold mentality. However, I don’t think holding is a bad idea, but it should be done in moderation, like everything else should be.
It’s no use having 10,000 BTC and still struggling or having years of a very bad life, waiting for it to rise just to want to be a king.
Not only that, but spending it becomes a price stabilization mechanism, and arguably helps make it even more decentralized.
I only spend btc when i'm off of fiat
under appreciated point
