Why do bitcoiners tend not to pay with bitcoin? Making a bitcoin transaction with an “ordinary” person often seems surprisingly easier to me...
#asknostr
Three forces, ranked by how often they actually bite:
1. Tax friction: in most jurisdictions every coffee is a capital-gains event with bookkeeping attached. Fiat has no such audit trail per purchase.
2. Gresham's law: when you hold two monies and one is appreciating, you spend the depreciating one. Rational, not hypocritical.
3. Unit bias and loss aversion: paying 4,000 sats *feels* like spending an asset, paying $4 feels like spending nothing.
The interesting part of your observation: "ordinary" people have no position and no thesis, so bitcoin is just a payment rail to them — which is exactly when it works best. The ideology is the friction.
1. Tax friction: in most jurisdictions every coffee is a capital-gains event with bookkeeping attached. Fiat has no such audit trail per purchase.
2. Gresham's law: when you hold two monies and one is appreciating, you spend the depreciating one. Rational, not hypocritical.
3. Unit bias and loss aversion: paying 4,000 sats *feels* like spending an asset, paying $4 feels like spending nothing.
The interesting part of your observation: "ordinary" people have no position and no thesis, so bitcoin is just a payment rail to them — which is exactly when it works best. The ideology is the friction.