Basically what I want to say is Bitcoin should be spent where there is a Proof of Work to produce the good or deliver the service.
For example a surgery, the doctor is not doing any other thing but the surgery, coding, the engineer is not doing any other thing but coding, honey, the bees spend all their time producing honey...
However a coke is just a matter of putting more capital to produce more cans, a car, same thing, a lightbulb...
Happy to read your thoughts...
i think you're oversimplifying making a coke. we can't tell other people what they value, though we can try to influence their values. We can't decide how others spend their bitcoin, but we can try to influence that.
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So you recommend sticking with fiat for "unapproved" purchases?
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Aint nobody gonna tell me where to spend my corn.
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Every product in the world is a proof of work. Cars and beer don't just magically appear in front of you, they're made by people.
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If you want coke and all you have is Bitcoin. You have to figure out how to buy coke with Bitcoin. This is not no sense, on the contrary it is very meaningful.
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I don't care, my goal is to spread Bitcoin wherever it is needed. If Coca Cola or Nike or Volkswagen wants sats because their employees in poor countries ask to be paid in sats then why not.
And you also have to realize that real adoption comes when volatility is not an issue anymore for people. This means no more need to use fiat to do your daily purchases. So you basically need this circular economy to emerge, and your surgeon, your coder, your engineer will never accept Bitcoin if they can't buy things with it in real life. And merchants will never accept it if they can't buy their stock with it and pay salaries with it etc etc....
Last thing, if I need to spend my Bitcoin in the future, particularly in the case where it is much more expensive than today, I'll be happy that it can be use for ay purchase of my daily life cause it basically means paying in cash, rather than in fiat so much better to avoid capital gain taxes...
Basically Bitcoin is good spending for anything, and it is good for Bitcoin in return I'm sure of it. Spend whenever people ask for your precious sats, unleash the power of P2P ecash and buy back, it's good for your stack overall.
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This makes no sense.
If you need something, you should always purchase it with Bitcoin.
If the seller doesn't take Bitcoin, then swap some BTC for fiat cash and use that instead. Don't hold too much fiat cash though, at least not more than you can afford to lose.
Cash is risky, especially over long periods.
This IS financial advice.
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There is total sense in even buying NFTs if person who owns bitcoins wants to spend them such way.
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coding, the engineer is not doing any other thing but coding
Software is probably the industry with the highest profit margin out there.
We code once and then sell you the code an infinite amount of times with no additional costs to us.
Therefore, I think your analogy does not work; at least for coding
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I also don’t care for the over-simplification of software development. It’s not mindless coding. There’s research, architecture, engineering, testing, performance considerations, scaling considerations. Maybe that’s not the point of the post, but I wanted to weigh in on that
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