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111 sats \ 1 reply \ @DarthCoin 6 Dec 2024 \ parent \ on: Will owning a utxo be a luxury in the future? bitcoin
If you only save and never spend (as money), then what are you going to use as money? CBDCs? bullshit tokens? Bitcoin must circulate in order to gain power.
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0 sats \ 0 replies \ @telcobert 6 Dec 2024
"Bitcoin must circulate in order to gain power."
I literally said that above. Saving, as opposed to hoarding, allows Bitcoin to circulate, because saved Bitcoin will be invested or loaned out, put to work. Not 'sold' that's again a different thing.
We save so we can spend in the future, by unsaving. And this is all happening in retail money, not wholesale money (L1 UTXO's).
If I had to bet (I must actually) my bet is on non-custodial ecash, redeemable in bitcoin.
PS: No trolling. Considered answers or questions, please, or it's goodbye.
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