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0 sats \ 1 reply \ @cointastical 26 Jul 2023 \ on: What's something bitcoiners do that HURTS adoption more than it helps? bitcoin
Spend and replace? Do you want me to take my Fiat, to then pay a premium to buy Bitcoin, and then turn around and just spend those Bitcoin? If I'm an enthusiast yeah I'll do that maybe. But normies are not going to do that.
Now on the other hand, if I am earning in Bitcoin, it would be just as stupid to buy Fiat with my Bitcoin only to then spend that fiat, when I would otherwise already had the option to just spend in Bitcoin.
So it's not spend and replace that we should be pushing it should be dlfor ys to demand that we be paid in Bitcoin
If my boss knows that I need to be paid in Bitcoin as a condition of my continued employment then she's probably going to decide that her company should begin accepting Bitcoin so that they don't have to buy Bitcoin in order to then pay me in Bitcoin.
So earn in Bitcoin. That's the way to get a circular economy to happen to where I will use Bitcoin more, everyday. For everything.
Both work, but asking to be paid in bitcoin doesn't as directly convey its value as a currency however, imo. Spend & replace does.
buy a lot of bitcoin with fiat. Keep most in cold storage, a little bit in hot
live life
spend bitcoin from the hot wallet whenever you have the opportunity. Replace with fiat what you just spent
usher in abundance for the world
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