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25 sats \ 5 replies \ @028559d218 20 Dec \ parent \ on: Barber Shop Bitcoin Babble bitcoin
I agree. BTC directly to goods and services.
BTC exchanged for paper money... to spend on goods and services is a scam in most cases in my opinion.
Having said that, the etfs do not allow for spending on 'goods and services' not really.
And people need more education before they are ready/educated enough to spend on goods and services. A large number of people (strangely) think Bitcoin is a scam, a 'crypto' thing they don't understand you can actually send and receive bitcoin.
Why are you in an ETF? You can self-hodl and not have to worry about all the problems with platforms and exchanges.
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I'm not actually. But the 'barber shop' conversation has given rise to this conversation....
And it seems to me that the vast majority of the barber shop people have been given access to a technology that they absolutely do not understand. They have actually never used it (not really)
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Why should they? They have their brokers and advisors to take their slice in commissions. You will notice, however, they never take a slice of the losses!!
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In my opinion it's more than that.
It's like investing in the ford motor company... without having ever driven a car or seen one.
I think that is the primary reason for so much 'confusion'
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It does’t help that most bitcoiners only flash on the possible “profits” when they buy BTC. They don’t make the case for other purposes.
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