*Goes to a restaurant*: Why don’t you accept Bitcoin?! Restaurant owner: actually sir we do. *looks confused* … but do you have a special discount for paying with bitcoin? No, sir, I’m afraid we don’t. Then I’ll pay with fiat because I want arbitrage to use bitcoin as money.

Only crazy when you are all in and don’t have any fiat left. I don’t understand hammering on this spending meme

You need lower time preference. 🫶

🔥🔥

I think for most is the tax headache issue. Someone was talking about creating a wallet that calculates all the tax stuff for you, what do you reckon?

Gresham's Law in economics states that "bad money drives out good." It means when there are two forms of currency in circulation, the one perceived as having lesser value (bad money) will be used for transactions, while the more valued currency (good money) will be hoarded or disappear from circulat...

“Nostr sucks” “Never zap anything” “Why nobody use it”

This doesn't happen if you live on a Bitcoin standard 😏

Chicken and egg. I’d spent bitcoin if shops around me accepted it. Living off gift cards while larping about being on a bitcoin standard is not the same thing. You’re only profiting the gift card companies. Therefore the most important thing, ie next 5 years is to HODL Bitcoin which drives me...

I'm a bit like that cyclist. I see Bitcoin as a currency, but for later. For now, I spend in fiat and save in Bitcoin. I finally spent my first Satoshis with Nostr Zaps; it was also my first use of the Lightning Network.

They are using it as money. Gresham's Law states that artificially overvalued money will drive good money into hoarding. That's still a monetary use. Dollars suck and are overvalued by the welfare warfare state, so the law applies sort of indirectly here even though there is a free market exchange r...