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404 sats \ 2 replies \ @0260378aef 23 Apr 2023 \ parent \ on: Spending Bitcoin - A Weekend Discussion bitcoin
Well, spend and replace is only superficial if there is no reason to spend in the first place. The 'replace' part is only relevant to a person who has income in non-Bitcoin and also has some reason they prefer to spend in Bitcoin.
For myself, I find several reasons to prefer spending in Bitcoin where possible - mostly related to security and not revealing personal information, but increasingly, the broken nature of the traditional finance system plays in too.
I think the right critique of spend and replace is simply that the friction and costs of buying Bitcoin can be a real pain, so minimizing the number of times you do it is desirable. Debatable point though.
Agree with this. Most of my online purchases are in bitcoin for privacy and security reasons.
There's also the potential cost of cleaning coins (or paying the nokyc premium)
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good points
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