jin on Nostr: I’m sure some do. But a large majority of true Bitcoiners buy and hold for use in a ...
I’m sure some do. But a large majority of true Bitcoiners buy and hold for use in a circular economy. At the moment, Bitcoin mainly acts and performs as a store of value, and there aren’t many avenues to spend it directly. But people are coming around to seeing the value in the coin itself. The importance of a network that can instantly transact value globally in a censorship resistant manner, and does not have inflation of value because it is finite. Governments, corporations, institutions and individuals all buy and hold Bitcoin. Some are for sure holding it for the reason you state. But many more are holding it for the reason I state. And those who hold for that reason largely outnumber the other side.
Society will come around, it just takes time.
Published at
2024-01-30 16:34:29Event JSON
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"content": "I’m sure some do. But a large majority of true Bitcoiners buy and hold for use in a circular economy. At the moment, Bitcoin mainly acts and performs as a store of value, and there aren’t many avenues to spend it directly. But people are coming around to seeing the value in the coin itself. The importance of a network that can instantly transact value globally in a censorship resistant manner, and does not have inflation of value because it is finite. Governments, corporations, institutions and individuals all buy and hold Bitcoin. Some are for sure holding it for the reason you state. But many more are holding it for the reason I state. And those who hold for that reason largely outnumber the other side. \nSociety will come around, it just takes time.",
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