100 sats \ 6 replies \ @jk_14 OP 14 Apr 2023 \ on: HODL is obsolete. Hodl by SPEND & REPLACE - must be the new bitcoiners MANTRA bitcoin
Bitcoiners, time to grow up: SPEND & REPLACE
"Spend and Replace
This also brings me to my last point. Yes ‘HODL’ is important and right, but to drive Bitcoin adoption and because it's just an amazing feeling, we have to start spending Bitcoin at some point. Why should people accept Bitcoin when no one is paying with it anyway? So my new principle is SPEND and REPLACE. After a while of hodling, spending Bitcoin may feel a bit unusual at first, but trust me, it's fucking nice after a while, thinking of transacting without a centralized intermediary and without coercion of the state. I mean, Bitcoin was created to be used and not to be stored in some (virtual) vault until you are dead, like gold."
#161607
SPEND & REPLACE is spreading Bitcoin around - we MUST do that by default!
I think it will happen naturally as sooner or later quality things only be purchasable with bitcoin
but good call to action overall, there are many cool products and things in bitcoin that are gravely underfunded
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I don't think it is a good idea to say to someone to grow up and tell them what to do with their bitcoin. The economy will evolve naturally and adoption will happen. It also depends on regulation. Many people are not spending it because it creates a headache for taxes each time to spend.
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As Peter Todd wrote somewhere here: we have got only a single chance to fix money. There won't be any further.
And we are definitely in the middle of: "then they fight you" Gandhi's phase (SEC and US govt anti-Bitcoin crusade, with cut-off banks, etc)
It looks like there is non-zero risk we may not succeed to the phase: "then you win"...
Due to headache.
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I would like to agree with you but I think you are going a bit overboard.
If people just demand to be paid in BTC, that will also just fix this "spending issue".
So no, bitcoin won't lose just because not enough people spend it. Not enough people ask to be paid in bitcoin.
Basically this: #164622
The way you phrase your comments here sound like: "my way or the highway"
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people new to Bitcoin - will ask to be paid in bitcoin only if they see it's utilized this way by people already having it ("ok, let's try it, then...")
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I think people new to bitcoin have a lot of stuff to learn and get used to before caring about this.
I would consider getting paid in bitcoin to be one of the last steps to become a "true bitcoin maxi".
Btw... we are on SN. Aren't we spending our sats already with tipping?
In fact, I just spent one sat to post this comment.
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