That is a tension the Bitcoin ecosystem will need to resolve ...
It's simple. The more of us who only accept Sats to settle B2B receipts, the easier it gets for other companies to justify holding Sats, even through rough times.
Every time a Bitcoiner goes out of their way to support a Bitcoin-only business, they reinforce the idea that Bitcoin deserves to have "sustained institutional respect".
As long as the Bitcoin community continues to use fiat (cuz muh convenience, bro), there will be "repeated boom/bust cycles driven by flashy but unsustainable plays".
The tension you speak of will not be resolved until the community itself decides to be pioneers and revolutionists. After all, if we can't even do it, I think it's safe to say the rest of the world will never do it either, and this is the most bearish thing for Bitcoin I can think of.
It's simple. The more of us who only accept Sats to settle B2B receipts, the easier it gets for other companies to justify holding Sats, even through rough times.
Every time a Bitcoiner goes out of their way to support a Bitcoin-only business, they reinforce the idea that Bitcoin deserves to have "sustained institutional respect".
As long as the Bitcoin community continues to use fiat (cuz muh convenience, bro), there will be "repeated boom/bust cycles driven by flashy but unsustainable plays".
The tension you speak of will not be resolved until the community itself decides to be pioneers and revolutionists. After all, if we can't even do it, I think it's safe to say the rest of the world will never do it either, and this is the most bearish thing for Bitcoin I can think of.