0 sats \ 2 replies \ @028559d218 20 Aug \ parent \ on: People don't have bitcoins to spend bitcoin
It's logical that people will spend the 'softer' money first, then the harder money last if and when they have to. Even if people 'could' spend it... having the technical ability to spend means more sophistication and more education generally, which implies more long term faith in the protocol. And who wants to spend the money someone has more long-term faith in generally anyway?
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0 sats \ 1 reply \ @Solomonsatoshi 20 Aug
The point is that use as a MoE has been IMO deliberately obstructed and as long as this continues to be the trend Bitcoin is not being used as an alternative to the fiat monopoly imposed by nation states and their sponsors the bankers.
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75 sats \ 0 replies \ @028559d218 20 Aug
tax reforms really need to take place, i agree with you there. its ridiculous to think yes i just bought a cup of coffee... now what are my capital gains on that? i'm not sure how most people would figure that honestly
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