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33 sats \ 3 replies \ @DR_HELL 5 Jun \ on: Obvious question is Obvious: Where the hell is everyone??? bitcoin
Most people just aren’t using it as a MOE yet, they’re speculating. The people who do own bitcoin are holding not spending, and the people spending the way you’re describing aren’t doing it in bitcoin (most likely due to misunderstanding it) for now
I spend Bitcoin wherever I have the chance. Obviously I don't spend 'savings' savings are savings. But I look to spend a little bit where possible and there's not much...
What do you mean 'they're not doing it in Bitcoin'? What are they doing it in?
Self-custody will always be superior because it is truly 'yours'. Someone else has the keys they have it Humans have always wanted to have their 'own' stuff.
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They’re still doing it in wires and checks and cash. I’ve spent bitcoin plenty of times, but we’re still in the minority. You said it yourself, if more people were using bitcoin every day, we’d see it.
That being said, I was super excited about Squares announcement about adding lightning payments to all Square terminals over the next year. Things like that will normalize the idea of spending bitcoin instead of selling it.
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100%. If I see square terminals that take Lightning I will be sure to try and use it to support the business model and technology. The Why comes first... then the How then the Where lol
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