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@ ButtercupRoberts
2025-02-06 12:57:48
And as long as people still earn fiat that they can’t turn into satoshis , they will spend the fiat and keep the sats.
That’s one of the cunnundrums of #bitcoin being better money.
Unless you’re on a full bitcoin standard or you have extreme necessity, people will always get rid of the money that loses purchasing power.
And by being on a full bitcoin standard, I also mean being able to place all your fiat in btc at the expense of shortterm volatility, and also having merchants for all your necessities that accept bitcoin.
Spend and replace is a great philosophy if you can, but not everyone can.