2761 sats \ 3 replies \ @pillar 14 Apr 2023 \ on: HODL is obsolete. Hodl by SPEND & REPLACE - must be the new bitcoiners MANTRA bitcoin
Completely agree. It blows my mind how some people don't spend sats when they have the chance "because they want to have bitcoin, not dollars".
Well, fuck, I concur. But if you have an easy way to turn BTC to USD and viceversa, why not Spend & Replace? This helps promote adoption.
These people hoarding BTC that hard as if they were Gollum might find themselves in the future having millions in value but having no use for it because we didn't manage to make a free, black, circular economy before the governments went full authoritarian with CBDCs and against Bitcoin.
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67 sats \ 2 replies \ @jk_14 OP 14 Apr 2023
in the advent of governments going full authoritarian with CBDC and against Bitcoin - "Gollum approach" is still rationalized, see comments around... :)
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1117 sats \ 0 replies \ @tbonesteaks 14 Apr 2023
also, Gollum is the one who ends up destroying the ring in the end….
My heart tells me that he has some part to play yet, for good or ill, before the end; and when that comes, the pity of Bilbo may rule the fate of many – yours not least.
I see a future where bitcoin horders end up destroying all CBDCs while losing all their own bitcoin in the process.
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0 sats \ 0 replies \ @samuelorji47 14 Apr 2023
More than half of the world’s central banks are exploring or developing digital currencies
Central bank digital currencies (CBDCs) are digital versions of cash that are issued and regulated by central banks. As such, they are more secure and inherently not volatile, unlike crypto assets.
While some may assume that CBDCs are a new concept, they have in fact been around for three decades. In 1993, the Bank of Finland launched the Avant smart card, an electronic form of cash. Although the system was eventually dropped in the early 2000s, it can be considered the world’s first CBDC.
But not until recently has research into CBDCs proliferated globally, prompted by technological advances and a decline in the use of cash. Central banks all over the world are now exploring their potential benefits, including how they improve the efficiency and safety of payment systems
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