I strongly disagree on the basis of self-interest. I’m more likely to spend % of my stack on living for a year (or 4) once I’ve cleared the stress of saving for my future. That’s why class of 2011-13 is living baller lifestyles with little care. Their stacks go a long way, so who cares about spending .05 bitcoin on xyz … they have 500-2000 btc left over.

But as far as spend and replace, there isn’t a killer app / experience that makes that worthwhile. Everytime I’ve tried to do the “hey will you take a tipping bitcoin” the onboarding process is awkward, usually requires KYC, and just is difficult to justify for merchants.

Also, taxes. Every time I spend bitcoin, I have to report taxes. And it is a pain.

There is far too much friction in the medium of exchange as it currently sits.

We should really be challenging nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m because he runs Block and they should set every single square and cash app vendor up on Lightning as a default.