pull down to refresh
7 sats \ 1 reply \ @Daedalus 29 Jul \ on: Minimalism is Pro-Social econ
Genius idea! You make a great case for how a conservative, minimalist people maximize the human elements of life for all, instead of just in their personal lives.
In these matters I always like to think about the power we have as individuals to affect this change. If all of us spontaneously decided to take steps to reduce consumption, the world would be fundamentally changed. Of course, this is not practical, but just one person's choice to avoid consumption has a knock-on social and financial affect that can very likely spread. This pursuit in all of us is far from fruitless.
In terms of cashflow (ignoring ridiculous U.S. tax laws), it's identical to spend x amount of usd in btc in one transaction vs x amount in plain usd since you create an equal value opportunity cost. Thinking that sats are only earmarked for savings, and fiat is only earmarked for spending is illogical when both are extremely easy to trade for each other.
This thinking drastically reduces bitcoin adoption and contributes to a HODL culture that ensures bitcoin is not a threat.
In short, if you buy a car for $5k it doesn't matter if you spend sats or dollars, you still spent $5k on a car. In both cases you lose out on the opportunity cost of $5k worth of bitcoin at time of purchase.
GENESIS