Seconded.
I'd add that anyone "effective" follows the incentives first and foremost. And there are strong incentives to hoard sats.
Yep. It feels like there's a constant social pressure to pay with bitcoin. I just paid recently with bitcoin at an event, and it HURT. I wanna stack my sats and never let them go. Or at least, not very soon. I read an article or post in the past year or so that countered the whole argument about there needing to be a circular economy. It said that the signal of people stacking sats, hodling, etc, was very powerful, much more powerful and positive for bitcoin adoption than people freely spending their sats. Anyone happen to see it?
reply
It hurts because you are likely holding more fiat than what deep down you believe you should.
Do you know what hurts me? When I hear a merchant say that they stopped accepting bitcoin because "nobody uses it".
The whole point of starting to create the circular economy now is to avoid the banking system and CBDCs when cash payments get banned.
reply
Great points!
reply
I get what you mean. I feel the pinch even when I zap Stackers 30-40 sats. Still working to demolish this scarcity mindset haha
reply
I don't feel much of a pinch zapping stackers. Those amounts may become more significant one day, but my stack is orders of magnitude larger and, as long as I don't lose it, I won't beat myself up for having zapped dozens of sats in 2023.
reply
reply