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64 sats \ 2 replies \ @nichro 7 Aug \ on: Does Michael Saylor Think He Has Enough Bitcoin? bitcoin
I have no quarrels spending Bitcoin directly if a merchant accepts it.
The stack vs spend is a false dichotomy. If we take the infamous Bitcoin pizza example, it's easy to think "what an idiot he spent millions on pizza he should've used a 20$ fiat bill instead".
But in reality? Even if he did that, that's a 20$ bill he used on pizza instead of buying 20$ of BTC. So it's the same end result, and the only way pizza guy doesn't "lose out on millions" is for him to never have ordered pizza at all that day AKA not spend anything, fiat or BTC.
It's one reason BTC encourages saving for long-term and not spend on frivolities.
The real tension is not between spending vs stacking BTC , but spending generally vs saving.
I'm in the #SpendAndFuckingReplace gang
Edit: and I'll add, let's not forget to live a little. We should stack to live, not live to stack
In 2010 who knew that bitcoin would become this global phenomenon
Of course bitcoin donations to Wikileaks were a big deal in hindsight
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Interesting analysis. I'll need to let it sink in a while.
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