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21 sats \ 4 replies \ @028559d218 OP 28 Jan \ parent \ on: Critiques of "Non-Kyc" Bitcoin bitcoin
There are plenty people with plenty disposable income... for whom a few hundred euros, or even a thousand euros is a small amount of money to spend on a short vacation.
If Bitcoiners don't 'spend their Bitcoin' ever on anything and never use it, then don't we end up with the current situation? Where there is practically zero merchant adoption outside of VPNs and a few small Bitcoin companies?
And if Bitcoin will never be adopted because the merchants 'just convert it to Bitcoin anyway' then sell all your Bitcoin because we will never get anywhere.
If Bitcoiners don't 'spend their Bitcoin' ever on anything and never use it, then don't we end up with the current situation?
Individuals follow individual incentives, not collective ones.
I think the most economically incentivized use case for spending sats directly as it stands is that it shields you from extortion.
And if Bitcoin will never be adopted because the merchants 'just convert it to Bitcoin anyway' then sell all your Bitcoin because we will never get anywhere.
I don't want to sell my bitcoin, it preserves purchasing power. I'll sell it when I want to buy something and don't have enough fiat.
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Yeah and 1sat/vB blocks that ultimately are not censorship resistant.
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What do you mean by not censorship resistant
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Miners decide which transactions to include in blocks and can therefore censor transactions
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