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14 sats \ 1 reply \ @fiatbad 4 Sep \ on: Do You Guys Really Spend Bitcoin? bitcoin
I love this. It's my favorite cocktail conversation topic (which is why I have no friends).
First off: Yes I spend Bitcoin A LOT. But I purposely seek out merchants who accept it, and I order a lot online. I choose to vacation only in countries with high adoption, and use BTCMap.org to find local merchants when traveling.
A few thoughts:
The internet is also highly restricted in China, is it not? Yet, the internet is far too big of idea and has far too much global network-effect that the Chinese government can't stop it. I would bet that China contains a lot of people who know how to use VPN's, Tor, etc, in order to get around their government's attempt to control. The technology is more powerful than the government, and the people outnumber the government also.
Bitcoin is just as big of idea as the internet. It is built in a similar, decentralized manner. It has a massive global network effect. I'm tired of hearing Bitcoiners citing regulatory reasons for why Bitcoin adoption isn't happening. The real reason is because we've allowed Bitcoin to become a mostly KYC'd asset that can't technically scale to be a currency, even with the current L2's. Bitcoiners happily use fiat in their daily lives, and aren't prioritizing scaling solutions.
Governments can't regulate and suppress something like Bitcoin, or the internet. Unless the people allow them to. Which is exactly what's happening.
The internet is mostly free in Hong Kong.
I choose to vacation only in countries with high adoption, and use BTCMap.org to find local merchants when traveling.
Yeah, but adoption means when the Bitcoin spending moves to more basic expenses rather than discretionary or as far distant from needs as vacation. I am hoping soon, at least in some countries, you can buy a house, settle medical bills, fill up your gas tank, buy a laptop, pay for electricity with Bitcoin. I mean the most basic expenses, not going to a cafe in Switzerland (but still happy to hear you support them).
As I was saying, I just feel there is not enough competition among merchants for my Sats (comparable to my master card), hence those who do accept, enjoy an unfairly high pricing power. Hope things can change.
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