You should spend bitcoin, but with the knowledge that future you may regret doing so. 😬 nostr:nevent1qqs92jutq7clelnsl42dxn35jyf2c4vndvgrnwsxqcqxmk74gwd03wcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygxavex4usqkgvage45lqpdwzjqgqs630zd4nhj67p38dhn9vv7nrypsgqqqqqqsm47s2x
Have your cake and eat it too: spend and replace.
I’m holding to all the money in world collapses into bitcoin.
Why? nostr:nevent1qqszwlm9fh6zhzckprschkfzms8gf6nhp2dj8540x2u3qv0x63h6s6cpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzpaegm8nwwpyrtrnsjv84efjtp9mhpkvfenvxs487vx8d48y28qgxqvzqqqqqqykgfkyz
I am sitting on my $200K couch wrapped in my T-shirt Quilt of Bitcoin-related biz, most of which are no longer, feeling pretty good about having not contributed to abortions, war, or the incarceration of Julian, Ross, etc and THAT my friends is priceless. What is YOUR price?
That‘s why earning BTC is so great. You spend and replace.
The cost of opportunity you're incurring is exactly the same as if you spend bitcoin bought with fiat. In the end you're losing bitcoin.
You mean someone who earns bitcoin only shouldn’t spend? Tell me how this person shall pay their bills?
Some of them will lower their standard of living, to avoid spending Bitcoin.
This is the way
The way is to always be frugal and prudent, regardless of the currency, and spend intentionally, deliberately, and charitably. Fiat shouldn't make us spendthrift. Bitcoin shouldn't turn us into misers.
Being born in between the UNIX epoch and world war 3, being frugal and prudent means minimizing economic activity until far into or after the war. Especially in the US where I live and all economic activity is harshly dealt with. The colder your Bitcoin is in this period of time, and the less you participate in the rush to destroy natural resources, the more potential future wealth for you and everyone else.
I disagree, as I'm actively trying to improve things, but perhaps we will both be proven right.
Have you ever done the math on: • What your profit margin is on your economic activity • What the military industrial complex profit margin is on your economic activity • How much profit you need to save 1 life • How much profit the military industrial complex needs to kill 1 more person
A better way of looking at the last 2 is "how many years of life can you buy per dollar vs how many can the military industrial complex" It seems like extending lives is more expensive than shortening them, and killing is more profitable than saving these days
indeed bitcoin should turn us into mises ;)
https://c.tenor.com/ScAiELX_pS0AAAAC/tenor.gif
yeah, miser, mises, different lol we WANT bitcoin to turn people *on* to mises (satoshi was a big fan btw)
Today I learned
it is hard going but Human Action is probably the most important text ever written in the 20th century
I spend Bitcoin! Not huge amounts, and I try to purchase things that, if the BTC price skyrockets in the future, feel like they're still valuable to me in my life (for instance, I bought a suspension upgrade on a car I own, which increases the quality of my life and if it turns out it "cost me" a lot in the future, I'll still enjoy the smooth ride). I have two DCAs for Bitcoin. One for self-custody stacking and not spending. The other that stays on an exchange connected to a debit card that spends from my Bitcoin balance. The latter is _sort of pointless_ because the merchants are still getting USD, but it feels aligned to me to be spending some Bitcoin. Ideally, those merchants would take BTC directly and not require this debit card runaround, but until lightning gets there and merchants start coming around, it's partially in the right direction. At least people sometimes see the Bitcoin logo on the card and occasionally ask about it. The suspension upgrade was a proper onchain payment and that felt WAY more exciting than the daily debit card purchases. nostr:nevent1qqszwlm9fh6zhzckprschkfzms8gf6nhp2dj8540x2u3qv0x63h6s6cpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsyg8h9rv7decysdvwwzfs7h9xfvyhwuxe38xds6z5lescak5u3gupqcpsgqqqqqqs4wrzkv
I recently did a major suspension upgrade on my daily driver where the factory suspension was worn out. Money well spent on my quality of life and safety. Being too much of a miser is just as wrong as never saving.
Mass adoption and usage brings value. Not a few horders sitting on it till death. Use it, spend it but remember that there won't be any helicopter #bitcoin nostr:nevent1qqszwlm9fh6zhzckprschkfzms8gf6nhp2dj8540x2u3qv0x63h6s6cpz4mhxue69uhhyetvv9ujumn0wd68ytnzvuhsyg8h9rv7decysdvwwzfs7h9xfvyhwuxe38xds6z5lescak5u3gupqcpsgqqqqqqs2f93ex
Go out and find a place where you can buy an ice cream with your sats... nostr:nevent1qqs82vzupn20nfmq7vn22m7jmt5es9n490epm0vcskx2fkppm9w3c7spz4mhxue69uhkummnw3ezummcw3ezuer9wchsyg8svylpm2ulp5lgkyj5znz8k943tzn7v9kf7m89l8k03pksjhssngpsgqqqqqqs8xrj9c
As already happened many times 😖😂
People who say they will never spend bitcoin lie They Lie Hard with a Vengeance
Dealing with Bitcoin's deflationary nature, while continuing to lead a happy life, will be a challenge for many people. Some will look back and say, Why did I spend my Bitcoin on good food? I could have saved it, subsisted off of bread and water for 10 years, and now that money would be enough to buy a mansion. You can drive yourself mad, this way.
Work hard so you can have good food (or whatever other consumption you value) now **with savings left over** Use the savings to eventually ensure you can always eat good food (or have whatever else you wish to consune) even after you work, until you pass away. Don't harm anyone in the process, it's not necessary for success