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Replying to Avatar mbarulli

I put myself in the camp of those not really willing to use Bitcoin to purchase goods and services, and I agree with nostr:npub1m0sxqk5uwvtjhtt4yw3j0v3k6402fd35aq8832gp8kmer78atvkq9vgcru that this is a problem. He recently wrote:

> "We have more bitcoin merchants than Bitcoiners willing to spend. We don’t need more merchant adoption, but spenders adoption."

I believe that the "spend-replace" practice needs to be a no-brainer.

I used this approach a couple of times for fairly large purchaes I made. However, it meant that each time I had to complete the BTC payment with my wallet, then move the fiat equivalent of the bitcoin I spent to an exchange, then use that money to purchase BTC at a rate different from the one applied for the initial BTC payment to the merchant, then move the new BTC out of the exchange and back to my wallet.

Of course, this is very annoying and not sensible for small purchases. In those cases, it makes more sense to replace multiple BTC spendings with a single BTC purchase. However, doing this manually and on a regular basis, is going to be complex and time-consuming.

A more convenient solution would be to have your wallet automatically manage the "spend-replace" process in collaboration with services like nostr:npub1sqzr42dj8vx32yd5jcvvl3ytux45kl0etgf6y2ymjvmd7lqmuwmqk9vk7v, nostr:npub1yadzn065lkghcg7puhp2kn96tp79fzysq4j0vku9kntaa9j2cr2s3n98zt, nostr:npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2, etc.

I could simply receive an alert saying:

"Threshold reached! It's time to replace your Bitcoins!

Transfer xxx EUR/USD to Relai/Bittr/Well/... bank account to purchase approx. YYY BTC that will be received right in this wallet.".

I would immediately switch to a wallet offering this feature!

(/cc nostr:npub1eaadqhuwn80gatdml02u58q0nd65nx7wqur5je4jwa5gef0p6unqrx54mw, nostr:npub1lr2zzf989mvf393y0tv39ara6a4vddkd6y87z784up9vl6ks6j3qtudl6a that recently posted about this topic)

Nice idea! I will forward it to the product team to see what we can do. Thanks!

Sunday market update:

1 BTC = 1 BTC

Imagine how useful such systems could come in areas of high wasted or untapped energy

Hard to tell so by eye. If there is someone more knowledgeable, let us know.

And it is also extremely scalable

2010: It's too complex

2014: It's too risky

2024: It's too expensive

2028: ???

Here's what you missed from this week:

- Bahrain to launch a Bitcoin investment product πŸ‡§πŸ‡­

- HBO reveals Peter Todd to be Satoshi 🀦

- FTX to repay 98% of their customers πŸŽ‰

With nostr:npub15w99e58vynflyrzgwzsr9svcjyym7yrufn5xfr7ut2wyfy43hrcqslyz93 https://video.nostr.build/0c5ef618962e20a17b7d14b892a8eae39cc547170c55da0a44cee81ed7628120.mp4

Just pure 100% organic fairtrade Bitcoin-only

Replying to Avatar binsky

And that’s the end of Bitcoin Amsterdam!

What an amazing experience that was! I’ve met some really cool people and overall a great experience in general. Truly amazing too see so much Bitcoiners out there.

I’m still amazed by all different topics that we’re covered, but I loved nostr:npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s and nostr:npub1g53mukxnjkcmr94fhryzkqutdz2ukq4ks0gvy5af25rgmwsl4ngq43drvk talking about #nostr , that was a reminder that we gotta be grateful for all of this! looking forward to what the future will bring!

Really cool to know how nostr:npub17tyke9lkgxd98ruyeul6wt3pj3s9uxzgp9hxu5tsenjmweue6sqq4y3mgl came to life aswell, will keep that in mind for sure!

And after all, so cool to meet up with some of the #RelaiSquad members, nostr:npub1ddgh3sspp42qjzk3sck0xp7zf203wv8mt86487n5n08jasp6pf9slsskjy , it was an honor to meet you! and nostr:npub1sqzr42dj8vx32yd5jcvvl3ytux45kl0etgf6y2ymjvmd7lqmuwmqk9vk7v in general ofcourse.

Really cool event, but also very exhausting, I walked around 20km over the last few days. I’m dead πŸ˜‚

✌🏻

#bitcoin #btc #bitcoinamsterdam #amsterdam #proofofwalk #nostr #grownostr

LFG! See you next year/Lugano/every other conference πŸš€