1 sat \ 8 replies \ @saunter OP 13 Oct \ parent \ on: We don’t need more bitcoin merchants bitcoin
Spend and replace, it's not hard
If noones spending, what's the incentive for merchants to accept this if one person per year comes and pays
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EARN in sats.
That is the first important step.
After that, spending is coming naturally.
I live using bitcoin only from 2018: earn in sats, spend (wisely) in sats, hold in sats. No more fiat here.
But people should understand one important thing: once you start living in a Bitcoin Standard, you will NOT spending so much as in a fiat standard. You are spending only on things you really need. Forget about your lazy fiat life spending all around your money.
That's why you will not see so many bitcoiners spending:
- because not all are still EARNING directly in sats, they still DCA
- because those that earn in sats appreciate more each sat and they will spend it only when is really need it.
What really need those merchants is to start PAYING their employees and suppliers in BTC. Then you will see the magic... of bitcoin circular economy.
So saying that we don't need more bitcoin merchants is stupid. Bitcoin circular economies start by circulating the money (sats), not by stagnating them.
As I explained here: #576140
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In my opinion...
Bitcoiners should think of it this way, 2% of what we save we should try to spend to help merchant adoption. Ie if saving 100$ then maybe find a productive way to spend 2$. 2 dollars/euros will buy a lot of sats on lightning.
Nostr, Stacker news, a cup of coffee every once in a while... a few sats goes a long way when it's spent on others and they appreciate it. If nothing else it's proof that the tech still works, it's a great demo and it shows to people that Bitcoiners are serious.
Just my opinion.
Edit: I don't know why text appeared italicized not intentional lol
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