Oddbean new post about login | logout If people stack sats then people don't spend sats how can people stack sats if nobody spends them? I think this is why people treat Bitcoin like a ponzi. Not saying it is a ponzi, but crypto bros sure go out of their way to make it sound like one And sadly it taints Nostr. Such a turn off.
saving money does not preclude spending money I save in bitcoin and spend in bitcoin. It is a rather simple concept.
Somebody loses. Someone must necessarily not stack if you stack. Its a rather simple concept. And why the fiat world had to resort to printing money not tied to gold. If only a few people have all the gold it becomes kinda impossible to use it. See debeers and the diamond trade. Nobody stacks diamonds.
When you buy your food for dollars, you’re losing dollars too? I don’t see your point
If you say stack dollars. Its just saying 'save dollars'. Saving dollars is actually bad for the currency as a whole (even when we account for all the other shennegans around dollars/bank manipulation). Same applies to bitcoin. Telling everyon to save bitcoin makes bitcoin price go up, but its utility go down unless you already own them. As I said: ponzi vibes.