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@ S!ayer
2025-02-06 13:11:56
up until that point, of full standardisation, it makes more economic sense to buy and hodl the sats than buy and spend the sats.
you get rid of the fiat in exchange for groceries, but until there is a full standardization and bitcoin pricing normalises, the opportunity cost to save rather than to spend is a lot higher.
That's why I said earlier, we look back and laugh at the guy who spent 10k bitcoin on two pizzas, even have a day for it too - but that was a 10 year time frame.
He could have held it and be fiat rich, increasing his purchasing power in 2021 peak for instance,
it's just the way bitcoin has developed over the years, away from the Bitcoin Whitepaper initial idea of SPV and on-chain p2p exchange and more towards Nick Szabo's bitgold.
Nothing wrong with that either.