There's a paradox here no? I hold bitcoin because I know that it will be more valuable in the future, it gives me the freedom of having a lower time preference - therefore I'm less likely to spend it now, or even in the near future. Additionally, where's this circular economy? Outside of Nostr, I don't see any one accepting it where I live (I'm outside the US).

And even on items that I would like to spend my sats on rn, require some form of transferring back to fiat ultimately i.e. is bitrefill et al. a circular economy in your view? There is at least changing of hands of sats, and some sats go to them for keeps - so to some degree it's circular i guess.

also, instead of spending my sats and triggering a tax event, i'm going to take out a loan against it to get whatever item i want - I'm incentivised to do so because of the tax structure (not all ofyour stack can be 'dark' unless you want to get it stuck there i.e. you'll not be able to make a large purchase in the future with it witout drawing the eyes of tax/gov.

I'm all for spending bitcoin ultimately but for me I'm dumping my fiat into it rightnow and keeping it there for the most part, i've spent sats on items that i could but that's been very little tbh , hardware wallets, vpns, bitrefill (all lightning btw)