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21 sats \ 8 replies \ @telcobert 6 Dec \ on: Will owning a utxo be a luxury in the future? bitcoin
Yes, owning a UTXO will be a luxury in the future.
You will need to afford it, as owning a UTXO will not be necessary, it will be a drag.
Assuming that Bitcoin will be adopted as a general money for trade and industry, UTXOs and L1 capacity will be needed for businesses paying each other large amounts in a non-censorable way. This is called "wholesale money".
Most of end user money will be productively invested in shares or company bonds or savings & loan banks to fund trade and industry. Bitcoin will be put to work, and this will yield a return. Rational end users will not want to forgo this return by not investing or saving, unless for some very specific reason.
Sell your sats now. I will be glad to take them all.
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There is a big difference between saving and selling, but you know that, or?
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If you only save and never spend (as money), then what are you going to use as money? CBDCs? bullshit tokens?
Bitcoin must circulate in order to gain power.
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"Bitcoin must circulate in order to gain power."
I literally said that above. Saving, as opposed to hoarding, allows Bitcoin to circulate, because saved Bitcoin will be invested or loaned out, put to work. Not 'sold' that's again a different thing.
We save so we can spend in the future, by unsaving. And this is all happening in retail money, not wholesale money (L1 UTXO's).
If I had to bet (I must actually) my bet is on non-custodial ecash, redeemable in bitcoin.
PS: No trolling. Considered answers or questions, please, or it's goodbye.
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i don't know about that, some people will want to find a way to generate yield I'm sure, but I still think there will be a thriving amount of people that also use it as money.
that level of bitcoin expansion would mean we have a ton more merchants that accept it nativley
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When talking about the FUTURE of Bitcoin, consider it monetised. The game will have changed fundamentally.
The exchange value of Bitcoin will be naturally stable. There will be no expectation of profit by holding it outright (hoarding) beyond liquidity needs, because of opportunity cost, as it could have been saved and loaned out profitably.
"Use it as money" will mean you will keep as much liquid as you expect to use for upcoming spending.
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it depends on what the deal is with fiat, if there is a duel system, then fiat will always be in decline relative to btc, in which case, btc is still the ideal way to preserve wealth and use as savings.
if it's a btc standard in a world of no fiat, which i find hard to believe, then btc would be like gold back in the day, you have it, can save it, can spend it and retain purchasing power over the decades
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Kind of. Hoarding and saving should not be conflated, that's all.
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