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300 sats \ 2 replies \ @anon 14 Oct \ on: A proposal to streamline "spend-replace" to drive adoption bitcoin
This is all just nonsense mind-tricks spouted by non-believers that still hold fiat
If you are on a zero-fiat standard (ie, a bitcoiner) then the situation flips. If the merchant doesn't take bitcoin, then you have to go buy some cash to make the purchase.
You probably keep a certain amount of local currency handy (eg, a walletful) for spending at these fiat-maxi merchant outposts.
But of course, you prefer to support your bitcoin-only and bitcoin-accepting merchants.
If you get paid in fiat, you take it all out in cash, and you use the cash to purchase bitcoin.
Zero-fiat is the way to go.
"When Bitcoin is your bank account, when every dollar you earn is going into Bitcoin, you are disproportionately exposed to the net positive volatility of Bitcoin. You tend to spend more when it goes up, save more when it goes down. Do I regret spending 0.1 BTC on a cell phone? No. Everyone else should regret not putting their entire bank account in Bitcoin. It's not those of us living on Bitcoin losing out, it's those of you treating it like an investment." -Some guy I know on discord.
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My thoughts -
Save 98% of what you can save in Bitcoin... Spend the other 2% in Bitcoin or at least try to. The vast majority is still saved that way but Bitcoin is still transactional too.
In the long run... I believe even sats will be 'expensive' so any amount of sats 'zapped' could be an outrageous amount LOL. So it doesn't really matter anyway.
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