60 sats \ 2 replies \ @ek 14 Apr 2023 \ parent \ on: HODL is obsolete. Hodl by SPEND & REPLACE - must be the new bitcoiners MANTRA bitcoin
You don't have to circulate your bitcoin if no one asks for it.
I know what you are getting at. I ask to be paid only in bitcoin when I know the people have bitcoin. I give discount to people who have no bitcoin yet to get them interested.
I think that's more the way to go then to come on SN and "demand" people to spend their bitcoin. We want to save in BTC as much as we can because we still can.
But in general, we can also spend and replace if I wanted to pay with fiat anyway just to let the merchant know: Hey, I am willing to pay in bitcoin if required.
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57 sats \ 1 reply \ @jk_14 OP 14 Apr 2023
ok, according to Metcalfe's law is better to even sacrifice 5% of own stash - if it only double the number of users - effectively you save this way as much as you can, and not the way of Gollum's approach...
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62 sats \ 0 replies \ @ek 14 Apr 2023
How can I increase users if someone is so new they can't or don't even want to accept bitcoin? Asking someone like this to pay them in bitcoin just makes them believe you want to scam them.
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