The link above is an article from Parker that emphasizes my point of why HODLing forever and not seeing bitcoin as a medium of exchange is just and antithesis to the protocol's main use case. If you're into long form reading, the above link great, however, an AI voiced summarized version is below, and also helpful, if you're indisposed.

Audio summary of the article from legendary Parker Lewis: https://notebooklm.google.com/notebook/c8c5f361-81af-46bc-8f48-7253c428cfbe/audio

Summary

This article explores the exchange theory of value for Bitcoin, arguing that its worth is not solely derived from its ability to be saved but also, and perhaps more importantly, from its role in facilitating exchange. It posits that Bitcoin's value increases as it is used more frequently to transfer value between individuals and businesses, both directly for goods and services and indirectly through fiat currency. The article contends that Bitcoin's utility as money is maximized when it is used as a direct medium of exchange, as this expands the reach of trade, reduces costs and fosters efficiency. This shift towards direct exchange, the author argues, is inevitable as Bitcoin's adoption increases, eventually leading to a world where everything is priced in Bitcoin.

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5 sats \ 4 replies \ @didiplaywell 16 Oct

I'm surprised it's even a theory. The only reason bitcoin is worth anything is that's a better medium of exchange (be it directly, as the token itself, or indirectly, as a settlement layer). Period.

0 sats \ 3 replies \ @028559d218 16 Oct

I agree. However I would like to see more businesses and merchants accept Bitcoin for payment. I look for them everywhere I go... Stacker News mostly for now. Excited about Proton Email + Wallet for common usage.

0 sats \ 2 replies \ @didiplaywell 16 Oct

We are far from that still. The solutions that can allow for that level of adoption are not even in development yet.

0 sats \ 1 reply \ @028559d218 16 Oct

I use lightning every day. I have lightning channels that work virtually everywhere. And sats to spend (10$ for example) and there's nowhere to spend them. It's not a great situation honestly.

0 sats \ 0 replies \ @didiplaywell 16 Oct

It will remain like so for a couple of years still. I'm working on a solution to that problem, will share the whitepaper once it's finished.

For instance, you can read the background of the problem in this short post of mine: The Paradox of Bitcoin Adoption

It's the problem I'm aiming to solve.

21 sats \ 2 replies \ @B_rian 16 Oct

Parker spends a lot of time explaining what other people should do but he does so in the permissioned hellscape of X.

An open, permissionless protocol is used for whatever people want to use it for. There are 2.1 quadrillion sats. Their use will always be determined by the sender and receiver. HODL or don't, bitcoin's use case will always be fluid and determined by UTXO private key holders.

If Parker truly believed in Bitcoin as money, he would be driving V4V on the nostr and not cucking to Elon on X. He chooses X over nostr because of engagement, because he needs to farm and monetize his audience. Don't be food for cucks.

0 sats \ 1 reply \ @EverythingSatsoshi OP 16 Oct

Lol I also am peeved he isn't o the nostr bandwagon yet

But quick question, does this change your mind, when he's finally a nostr maxi??

I actually agree with his assessment in this article

0 sats \ 0 replies \ @B_rian 16 Oct

Nostr is a tremendous coordination layer for bitcoin based digital economies. If he truly believed what he was saying, he would live those values.

Because Parker doesn't use nostr and chooses X for reach instead, I conclude that his essays/books are tools to promote his business interests at Zaprite and not the general growth of bitcoin value.

But bitcoin cares not what he or I thinks. It continues without consent and resists any form of guidance.

21 sats \ 0 replies \ @jk_14 16 Oct

Hold 99% of your Bitcoin and spend & replace remaining 1% - wherever you can, via Lightning Network.

That's so little effort and simultaneously so enough for Bitcoin success...

0 sats \ 0 replies \ @jgbtc 16 Oct

I think both MoE and SoV are equally important. Individually one or the other is more important depending each person's situation - jurisdiction, needs, wants, etc. No two people are in the exact same situation and situations constantly change over time. MoE without SoV is what we have now with fiat, and SoV without MoE is pointless. The two in equal measure is Bitcoin.