Hey All - I thought Bitcoin does a great job of cutting out the nonsense on the individual and societal level. Many people are starting to wake up to what isn't worth it and what is a ripoff, especially as economic conditions tighten further and further.
I recently saw a picture taken by "AmitIsInvesting" on X of how people aren't buying overpriced hoodies/t-shirts with the Nike swoosh on them. Furthermore, there is a large movement by GenZ and younger to opt out of wearing logos altogether.
As times get tougher people opt in for the bare essentials. They don't care about the logo, the brand, or any of that. Times are tough now, so Nike isn't selling(stock is down 30% from ATH). This also got me thinking about Bitcoin because I only buy what I absolutely need to. Very rarely do I buy a designer item because then that means less hard money and sats for me? I tend to notice this with other Bitcoiners also where they dress very simply - playing into the ethos of staying humble or stack sats. Whether it is people doing this out of hardship, or people doing this to optimize their investment allocations - I think we are at the dawn of a lot of these name brands losing their sense of importance/significance over people.
Have you ever been one to go out of your way to buy brand-name things? Since you got into Bitcoin, have you been more sensible in your approach to buying name-brand products? I would love to hear some thoughts on this!