Replying to Avatar Joe Nakamoto

GM!

I x-posted from twitter but I feel you guys will get it more.

Also I'm shilling nostr so you will like it.

đŸ» đŸŽ€ A bugbear of mine is Bitcoiners misusing Gresham’s Law.

“Muuuh, Gresham’s Law” is not a valid excuse to keep spending dollars and never spend Bitcoin.

I get YouTube comments all the time like: “Only a fool spends their Bitcoin—it’s Gresham’s Law!”

Nope. Wrong. Gresham’s Law applies when two monies are accepted at a legally fixed rate.

That’s not the case here. Bitcoin and fiat float.

No one is forced to accept them at parity. So the law doesn’t apply.

Granted, it is technically "economically rational" to spend fiat over Bitcoin—especially if you’re not all-in, you don’t fully grok Bitcoin, or you only hold a tiny allocation. Or you're a dollar loving li'l b*tch who's only in it for fiat gains. (oops did i say that?)

But hoarding Bitcoin and spending fiat isn’t “Gresham’s Law in action.”

To me, it screams:

“I love paying Visa and Mastercard 3–7% in fees.”

“I love extending dollar hegemony.”

“I love being part of the problem.”

If you want a Bitcoin world—and trust me, you do, because you are currently HODLing btc—then at some point you have to spend it.

Want to live in a Bitcoin world? Put your money where your mouth is and ₿e part of the change.

So. How to start?

Download BTCmap to see where to spend btc near you, (do it—it's free), visit a bitcoin circular economy near you—promise you'll be blown away—check out Nostr where you can zap creators (easiest is to download Primal), send me btc on my website (hehe but srsly i'm independent and will thank you), check out Travala, ShopinBit, Bitrefill and many other online marketplaces that take bitcoin or bitcoin through gift cards.

And if you're going to a bitcoin event or conf, please pay in bitcoin for your tix. Satoshi thanks you in advance ✌

It's a 4 year hold. Anyone in fully for that amount of time would have seen no more losses In any other spending. But many want their came and eat it too. Be rich later but maintain their lifestyle while waiting for the hodl to work.

Bitcoin reduces unnecessary consumption, putting a focus on those who are willing to fast financially for those 4 years minimum. And the reward? It's actually the self realization that you are capable of living ok and happy without that wealth. So now you are truly rich. But those who look in how to spend it usually won't go through the suffering and thus, don't get it (literally and figuratively).

And what does such a rich person do who doesn't it need it anymore? Spend it on those who do, spending to spread the good message, stoties of triumph giving hope to tbose who are struggling through a cycle, creating a community, especially with educational material (like you nostr:nprofile1qqs034ppyjnjakycjcj84kgj737aw6kxkmxazrlp0r67qjk0atgdfgspz9mhxue69uhkummnw3ezuamfdejj7qg4waehxw309aex2mrp0yhxgctdw4eju6t09uuzmtx5

đŸ’ȘđŸ«¶) and wanting toand wanting to shareand wanting to share theand wanting to share the and wanting to share the true and wanting to share the true value.and wanting to share the true value of what Bitcoin of what Bitcoin really of what Bitcoin really gives of what Bitcoin really gives.

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