Damus
nerd2ninja; ©️📺 · 78w
"When Bitcoin is your bank account, when every dollar you earn is going into Bitcoin, you are disproportionately exposed to the net positive volatility of Bitcoin. You tend to spend more when it goes ...
Gigi profile picture
"A rising number of bitcoiners are all in, forcing them to spend some of their bitcoin. If 100% of your inflow is in bitcoin (or: no inflow, 100% BTC balance), you will have to spend sats on food, shelter, and other necessities. No matter how much you don't want to." —Block 649,120 (2020-09-19)

https://dergigi.com/threads/flows
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Matt 🛸 · 78w
Not wanting to is a rejection of one component of Bitcoin that is absolutely necessary for its success (medium of exchange). nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe convinced me of this.
Filou · 78w
nostr:note1pfzs0ejkzpylv4dlzqpehqsllk3ehkjzwl8ur6czghx8kqhxz7gq7aj7w4
Jaret · 78w
What about SoU crowd? System of Uncontrolled (striving towards such)
McCoy · 78w
Most will be stuck paid in fait for awhile. I’m lucky to be earning more than I spend. Saving in bitcoin only. When fiat stack is empty or when paid in bitcoin only, I will spend Bitcoin on food and shelter + other very high-quality items. Plan is to own BTC only or really, really good stuff.
frphank · 78w
Hm looks like deflation discourages spending. Funny how you want to get a currency started by discouraging spending.
noobslayer69 · 77w
I'm 99.9%ish all in. I keep between 3 and 5 Thousand of fiat for floating life and I only make cash.
emillafilipowicz · 77w
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Jonathan · 77w
Been 100% since 2021 so feels normal now. (Even though I have to trade to fiat when spending) Fiat maxis would love to spread the message "never spend your bitcoin" cause then they can trade dollar shitcoins on top of it forever. Only way to kill Fiat is to adopt medium of exchange. It really m...
mike · 77w
I've been all in for about a year, I hate my outflows 😂
Juraj · 77w
not true. borrow (short) fiat, use Bitcoin as collateral, never sell.
Kretchino · 77w
Bitcoiners are the best when it comes to #HFSP
Bert · 77w
nostr:npub14mge80nm5r0zj0gncxvpunlr28jyku95547q0m82ec475x3yy92skvjgm5 how are we doing in bitcoincity Arnhem? 😉
TythePhoneGuy · 77w
The mindset of "never sell bitcoin" would also mean to discourage against and never ZAP someone on NOSTR. HODLing is great, but if we're not using bitcoin, what's the purpose?
Bitcoin and Space · 77w
Not during a btc bull market. btc collateralized loans FTW https://bitcoinmagazine.com/markets/what-i-did-to-fix-my-bitcoin-loan