EZ
5d ago
Incentives to spend bitcoin:
- feels like the right thing to do when supporting services/biz/people you love
- you're too short fiat and have no other option
- you put a lot of time in your node/wallet setup and its cool AF
- fuck the banks/KYC
- some privacy and security gains (when you know what you're doing)
Disincentives for spending bitcoin:
- massive opportunity cost
- spend weaker money first
- capital gains on every fart
- privacy and security risks (when you don't you what you're doing)
- limited acceptance
- setup friction/malfunction
As of today, spending bitcoin is for the tiny minority of tech adept early adopters who make a conscious choice to do so for any specific reason(s).
Not spending bitcoin is for everyone else.
This dynamic can change when there are better Bitcoin-only products and services built on exquisite/tailored Bitcoin experiences that scale.
- feels like the right thing to do when supporting services/biz/people you love
- you're too short fiat and have no other option
- you put a lot of time in your node/wallet setup and its cool AF
- fuck the banks/KYC
- some privacy and security gains (when you know what you're doing)
Disincentives for spending bitcoin:
- massive opportunity cost
- spend weaker money first
- capital gains on every fart
- privacy and security risks (when you don't you what you're doing)
- limited acceptance
- setup friction/malfunction
As of today, spending bitcoin is for the tiny minority of tech adept early adopters who make a conscious choice to do so for any specific reason(s).
Not spending bitcoin is for everyone else.
This dynamic can change when there are better Bitcoin-only products and services built on exquisite/tailored Bitcoin experiences that scale.
npub1sg6pl
•
6d ago
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Replies
bitcoinconmanolito
@bitcoinconmanolito
♥︎ by author
5d ago
I'd add to the upside the heavy discounts (~15%) offered by some retailers for btc payments.
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EZ
@EZ
5d ago
Could indeed be one of the key points to incentivize sellers if you can stomach the volatility for longer periods of time
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