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15 sats \ 6 replies \ @kr 14 Apr 2023 \ parent \ on: HODL is obsolete. Hodl by SPEND & REPLACE - must be the new bitcoiners MANTRA bitcoin
sure, but it’s still telling people what they “should” do, and Bitcoin holders are highly averse to spending their btc.
the people earning sats already want more things they can do with their money… you don’t have to change their minds, just give them the tools to spend.
Bitcoin holders are highly averse to spending
let them understand this simple Metcalfe's law, at last... ;)
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I think you misinterpret what this law says. Does the law say:
"You need to spend your bitcoin to increase adoption?"
To my understanding, no, it doesn't. All it says is this:
Metcalfe's law states that the financial value or impact of a telecommunications network is proportional to the square of the number of connected users of the system (n^2).
That's it. Nothing about what increases adoption.
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it's harder to increase the number of "connected users" if current users have the high averse to spending...
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Again. Does the law say:
"You need to spend your bitcoin to increase adoption?"
If not, you used the law wrong. You just abused it for your own purposes.
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lol
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Thanks for the discussion. I know when to cut my losses ...
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