reply on: At what point are we no longer “Bitcoiners?” \ stacker news ~bitcoin

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20 sats \ 6 replies \ @atl OP 21 Mar \ parent \ on: At what point are we no longer “Bitcoiners?” bitcoin

when do I start spending my bitcoin? when merchants no longer accept fiat.

I thought the point was never to actually spend bitcoin but to keep acquiring it? Spending useless fiat until it is completely broken?

0 sats \ 4 replies \ @atl OP 22 Mar

Who told you that?

0 sats \ 3 replies \ @Satosora 22 Mar

It must have been someone with an iota of foresight?

0 sats \ 2 replies \ @atl OP 22 Mar

Well I’m just not sure how I’d get my groceries if the grocery stores only accepted bitcoin.

0 sats \ 1 reply \ @Satosora 22 Mar

I think the point of having bitcoin is not to use it for everyday things. Its to use its store of value to bargain against. Does that make sense? I think everyone believes that you would be able to take small loans from the value of the bitcoin you own.

0 sats \ 0 replies \ @atl OP 24 Mar

I see what you’re trying to say. I know we will all take advantage of borrowing against our stack. All I’m trying to get across is that a merchant may only accept bitcoin, therefore forcing me to pay with my bitcoin.

My first choice would be to borrow against my stack. If the merchant doesn’t accept any currency other than bitcoin, I either pay in bitcoin or find a different merchant. That’s all.