Replying to Avatar DETERMINISTIC OPTIMISM 🌞

You don't have to choose between Bitcoin as Store-of-Value and Digital-Cash.

Fighting SOV bitcoin is like fighting water. Bitcoin is a central bank replacement. It's the only non-counter-party thing you can really own.

The Mempool is sub 5sat/vB, it's cheaper right now to send L1 sats than anything else.

So why don't people send it?

NgU and Gresham's Law will work against bitcoin as Digital Cash until people don't have any other garbage to spend first.

Natural incentives hold bitcoin from being used as digital cash not narratives.

Keep building the Digital Cash tools, eventually there will be nothing else to spend but bitcoin.
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Eugene 11mo ago 💬 1

Agreed. What do you think about people saying that capital gains tax prevents use of btc as a MoE? I think it’s BS, but curious what others think about that. Especially those I assume are transacting in btc regularly.

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DETERMINISTIC OPTIMISM 🌞 11mo ago

CGT is not the blocker, in places without it ppl still spend their shittier money first