112 sats \ 4 replies \ @frostdragon 24 Aug 2023 \ parent \ on: Why don't you spend your bitcoin? bitcoin
Saving it IS using it. Specifically as a store of value. The idea that you need to spend to use it is Keynesian.
Yeah just like burying cash in your backyard is "using it" right?
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Saving money is using money, yes.
Obviously doesn't make sense with USD, but with bitcoin... That's the entire fucking point.
Our economic health needs to go back to being based on saving, not spending. We're so used to the idea that spending is the only way to keep the economy healthy and stimulated that we don't recognize how backward that is.
What do we say about the principles of sound money around here? It needs to be salable across time and space. Well, we haven't had money that's salable across time since 1971. Now we do, and the more people that take advantage of that, the more scarce and valuable bitcoin will become.
Step 1 - remember that money is supposed to be USED as a store of value
Step 2 - USE money as a store of value
Step 3 - world resets to a bitcoin standard
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You come off like you just read the bitcoin standard for the first time three weeks ago.
Are you new to Bitcoin? I'm not sure if I should teach you why you're wrong or scold you for being wrong.
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I’m always down for a respectful conversation. Not sure why the tone has gotten so hostile and condescending around here lately.
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