I personally zap very generously. This is a difficult topic that won’t be solved quickly. Instead let’s try to educate each other on what exactly needs to be done to make progress. First of all, let’s lower our time preference. Remember, we’re fighting centralized institutions and companies here with decentralized money. The sat reward is not to be compared with fiat. We’re just stacking a new money that is yet to be perfectly priced in. We know nothing of what the future holds, all we know are the very uncomfortable #bitcoin rules vs fiat’s very fast and comfortable, yet unlimited printing rules. I think we need to be able to press the zap in rapid fire mode. Working on my button as I’m having issues connecting my node to Primal.
Discussion
Bitcoiners who simultaneously want to have a circular bitcoin economy yet want to never spend a sat because “number go up” are trying to live in two competing paradigms at the same time. Low time preference is good. Saving for you and your family’s future and avoiding frivolous spending is good. The reality is that anyone earning a living on bitcoin is also using that bitcoin to pay bills, buy food, etc. Their phone company doesn’t care whether a few sats will be generational wealth in 100 years when it’s time to pay the bill.
🤣🤣🤣 make it make sense
I think people need to separate different uses is their own minds.
Personally I view my on-chain bitcoin similar to an investment stocks account: I’ll only cash that out for diversification (real estate, business opportunities, etc) or dire emergencies that nothing else would cover.
Lightning to me is cash in my wallet and freely spendable.
It’s the same asset but with different uses
Yea there’s no single right answer for how others should use their money. Everyone’s in a different situation and with the global nature of Nostr, what’s reasonable for one person would be unreasonable for the next. And bitcoin is kind of unique in its ability to be treated as an investment asset and a transactional currency, and I think you’re right that people need to be able to hold both mindsets/views. It’s a bit of catch 22. In today’s world setting anything aside for savings is hard for many. So to spend your best form of long-term savings (bitcoin) is counterintuitive. And yet, if anyone wants an actual circular bitcoin economy, then some of it has to be spent and that is a very foreign concept for a lot of bitcoiners.
With regards to the catch 22, I couldn’t agree more. Lower income individuals understands finances as “I have to try and build savings” (same asset, reduce spending of that asset as much as possible)
Higher income individuals understand that they need to diversify from their currency in to other assets to protect wealth. Bitcoin becomes that other asset and therefore isn’t “spendable” per se.
It’s an awkward dynamic, but I’m sure over time and with education(nostr helps here), people will understand