Oddbean new post about login | logout Bitcoin is far too valuable to be spent at this stage, I'd rather continue to pay my bills with fiat and stack in silence. #bitcoin
this doesn't make sense to me tho. every dollar you own are sats you refused to buy. bitcoin is far too valuable to own USD. with USD you're just subjecting yourself to asset price inflation, specifically bitcoin price inflation. why own any fiat at all?
How is this possible right now without jumping through hoops to pay for groceries. I mean I can even transfer money to strike to buy sats because you have on on ramp with plaid and the integration is broken.
I THINK AT THIS STAGE IT’S IMPORTANT TO CONCENTRATE AS MUCH SATS AS POSSIBLE WITHOUT DISTRIBUTING IT WIDELY. THE QUESTION ALSO IS DO YOU END UP WITH MORE OR LESS SATS AT THE END OF THE MONTH? IF THE ANSWER TO THAT QUESTION IS YES, THE PRACTICE OF SPENDING SATS FALLS INTO A GREY AREA FOR ME PERSONALLY. I LIKE THE IDEA OF USING WORTHLESS PIECES OF PAPER FOR MY BILLS AND NECESSITIES, AND KEEPING MY BTC TIGHT.
If any extra fiat goes into sats, you're not spending bitcoin that would have gone into savings (except perhaps anything you might lose in the exchange), and in the meantime your money is appreciating. Right? what am I missing?