10 sats \ 1 reply \ @kr 14 Apr 2023 \ parent \ on: HODL is obsolete. Hodl by SPEND & REPLACE - must be the new bitcoiners MANTRA bitcoin
i hadn’t really considered the urgency in your second point, that’s definitely a risk.
i think folks on all sides of this thread want to see widespread merchant adoption, i just think the path to get there requires widespread earning first… though i hope others try different strategies too.
It seems like a chicken and egg problem. Everything is necessary. Spending, earning, saving, entrepreneurs creating awesome products, etc.
A few days ago I was chatting with someone who had been to El Salvador twice in the past two years. He said that the second time there was less bitcoin acceptance among large hotel chains. The hotels said that there was not enough people paying with bitcoin, so they removed the option to save the monthly fees they were being charged for the service. However, small merchants seemed more receptive to getting paid in bitcoin, according to him.
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