I read Jack Dorsey's recent comments asserting that today's bitcoin holders have no desire to spend their bitcoin, but instead hoard it in hopes of making a huge fiat profit in the future. He believes that this is slowing down bitcoin's adoption as a currency. I have to admit I hate spending my precious bitcoin. Am I unintentionally slowing bitcoin down?
I try to pay with lightning wherever I go. I just rebuy with the Fiat that I would have otherwise spent.
Example, I go to lunch. It costs 20$ I offer to pay with lightning. If they accept I just add 20$ to my bitcoin buy order at the end of the week.
Promotes adoption and doesn't hurt the stack
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I got the impression that convinced hodlers are doing a lot of useful ''merchandising'' to promote Bitcoin as sound money in their social sphere. Imagine the impact they have with their experience, bewaring newbies from shitcoins and exchanges, convincing people of the savest form of a savings account: a cold wallet.
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No you're fine. Hoarding is good.
Nobody got after early Google stock owners to "spend their GOOG shares".
When it comes to Bitcoin, you do you. There is no right or wrong. After all, there is a theoretical price -- not sure what your price is -- where you take it out of cold storage and sell it. Everybody's bitcoin is for sale when the price is right.
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I'm keen on spending my bitcoin but always topping up from fiat with a little more than I spent. Most of the time on online shopping if there is an option to pay with bitcoin Lightning Network the experience is much quicker instead of with card.
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It hasn't to be like that. You can have your precious BTC in cold storage. But you can have $500 in BTC in a hot wallet for monthly small payments. At the end of the month you buy $1000, to send the half to cold storage and the other half to expend the next month.
Basically like this:
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I see his point and there is truth to that ... the more BTC is circulated, the more no-coiners can value it (increased adoption)
Personally, the biggest chunk is in cold storage and the sats I spend is during my Bitcoin workshops I send LN sats (real time) to attendees ... so one day, they can look at it and see for themselves
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Quando la volatilità calerà e sempre più istituzioni entreranno nel mondo bitcoin,l’uso si diffonderà enormemente intanto continua a tenere il tuo bitcoin al sicuro 😉😉⚡️🚀
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Jack is full of woke "aught-to"isms. Do you think twitter turned into what it did in spite of him? Sorry to break it to you, shit flows downhill.
Real money has two functions: a medium of exchange AND a store of value. The fear that HODLing is slowing the medium of exchange function is being blind to people's right to what they earn, and being impatient for mass adoption. Its this same impatience that drives people into crazy statist ideas like a currency SHOULD be inflationary, or people's wallets should be stolen from to subsidize mining, more the longer they hold it.
Bitcoin would be nothing without HODLers, and it will do just fine on its own as a medium of exchange as people realize its the only true monetary store if value.
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Hodling definitely has its place in the bitcoin eco system but I encourage you to spend sats, use your value that's how we get adoption going and start to create a bitcoin circular economy along with that your being an active bitcoiner rather than a passive bitcoiner no longer are you just reading and learning now your actually applying what you've learned....its like a well u take water out u put some back in when after...I use sats all the time and love the rewards also if u use apps like oshi and the bitcoin company u can get sats back which is really nice help u build up what u r spending since u get around 4% also learn to use strike to send ur dirty cuck bucks on the bitcoin payement rails and get you back some bitcoin rewards on top its so awesome !! Keep it up
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потратить можно только то, что заработанно! а если это купленно и не возможно потратить? Ваза 1756 года? картина 1562года? биткоин 2015 года? в чем причина не понимаю. золото 1356 года тоже может лежать... тратить только фиат можно... так как он есть везде...)))
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