Oddbean

https://www.youtube.com/watch?v=8ZTJsYuAsNc This is a PLEA TO EMOTION nothing more. It is not 2010 it is not 2014 it is 2024 the world and Bitcoin have both changed in this regard. There is no need to spend it to prove value to anyone now. Sure spend it when it makes sense but don't FUCKIN LIE and say that people don't regret doing it. I bought a shotgun for one bitcoin when it was 600 dollars. I don't hate the gun, I don't hate the decision but I look at it often and remember the lessons of "The Richest Man in Babylon" and regret the decision. I don't lie to myself so I feel better and say, "it was good for Bitcoin". If you must spend BTC buy it and spend it minutes apart and ONLY on what you would spend cash on anyway unless you want an accounting nightmare with tax bullshit up your ass. Next on "cash you would spend anyway" start evaluating what the fuck that means and stop listening to honest to God BULLSHIT about YOUR need to spend YOUR Bitcoin from others. We do not have a spending deficiency problem. Not in Bitcoin, not in Dollars, not in FUCKIN ANYTHING. All we do is fuckin spend and spend and spend. Listen to this book, it is free, it is over 90 years old now, it is timeless wisdom and if you are going to listen to BULLSHIT about your need to spend, you need to take the time and listen to this vs. yet another book, blogger or podcaster that tells you "money is broken and BTC fixes this". The problem with today's money is it encourages spending. Yea Bitcoin fixes this but only if you FIX YOUR OWN BULLSHIT FIRST. Give a drug user a less bad drug and they are still a fuckin addict. Listen to this book, or buy a copy and read it. Either way every time you hear or read the word gold, do what Peter Schiff should of done long ago, change it in your head to Bitcoin.

1000000% agree and I push it for that all the time. I pay anyone who wants Bitcoin with US dollars that magically turn into BTC on the way via strike. The only real limit is what country the other party is in.

In essence it doesn't matter what country because if you're in another country you can use robosats to buy Bitcoins & then spend them. Or w.e service you use to buy Bitcoins in general. That's why I think it's important to eventually have a spendable LN node operating, that way you can have a spending stack that can be hodled or spent at choice meanwhile stacking on chain sats and sending to cold storage.

Richest Man in Babylon is a classic for a reason. Highly recommend the principles such as budgeting, spending with the end in mind, acting in a way so as to respect yourself, and investment that generates income,etc., are all good. But, as a friend reminded me, applies best to sound money. It is an underlying assumption of his argument. Gold worked then, still kind of does, but the RMIB applies better using Bitcoin than inflationary fiat as you are unable to outsave debasement. So read it yes but understand the new playing field.