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30 sats \ 2 replies \ @Jon_Hodl 20 Feb \ parent \ on: Are bitcoins meant for spending or savings? bitcoin_beginners
It can only be spent as a medium of exchange if the counterparty believes that it is a sound store of value and will be worth something in the future.
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48 sats \ 1 reply \ @expatriotic OP 21 Feb
That seems inverted. People use shit fiat currencies all the time who have no faith in their future value. Medium of exchange is a pragmatic thing.
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20 sats \ 0 replies \ @Jon_Hodl 21 Feb
If you accept fiat currency, it's because you believe that it will have value until you spend it.
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