0 sats \ 2 replies \ @jk_14 OP 14 Apr 2023 \ parent \ on: HODL is obsolete. Hodl by SPEND & REPLACE - must be the new bitcoiners MANTRA bitcoin
"applied Metcalfe's law to Bitcoin, showing that over 70% of variance in Bitcoin value was explained by applying Metcalfe's law to increases in Bitcoin network size" https://en.wikipedia.org/wiki/Metcalfe%27s_law
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114 sats \ 1 reply \ @ek 14 Apr 2023
And where does it say that spending your bitcoin is what is driving adoption?
Instead of what @kr mentioned: Building stuff that bitcoiners want.
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10 sats \ 0 replies \ @clr 14 Apr 2023
I believe both are correct. It's not one or the other, but both.
If not, why are entrepreneurs always moaning for more money? Why do they fall prey to the fiat VC predators instead of building stuff for bitcoiners? I say this has something to do with not enough bitcoiners spending. Of course, it's also right that bitcoiners should not settle for subpar quality and spend just for the sake of "supporting" even if they get a shitty product/service in return.
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