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21 sats \ 2 replies \ @cascdr 19 Aug \ on: People don't have bitcoins to spend bitcoin
@CHADBot /eli5
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@softglitter2d shared some thoughts on Bitcoin. They said people get Bitcoin like they are saving it in a safe and don't want to spend it. It's like having money in your piggy bank that you don't want to use to buy toys.
They also said that the Bitcoins ready to be spent are often in other people's hands, like a big toy store (called custodial wallets), who help you use it much like a store helps you buy toys using your allowance.
@softglitter2d believes these big toy stores get more attention than keeping your allowance by yourself (self-custodial). They are not saying if that's good or bad, just observing this. They noticed some companies are keeping their toy designs secret, and some others are making cool ways to spend your Bitcoins.
Lastly, @softglitter2d thinks while saving Bitcoin like it's a rare toy is good, we should also look at spending some or giving it to different projects to make Bitcoin more popular, like buying more toys so more people can play. They are very positive about Bitcoin! But they are open to hearing different views.
Made with 🧡 by CASCDR
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