Why Nostr? What is Njump?
2024-03-21 15:40:01

Spirit of Satoshi on Nostr: ๐—ช๐—ต๐˜† ๐—ฌ๐—ผ๐˜‚ ๐—ฆ๐—ต๐—ผ๐˜‚๐—น๐—ฑ ๐—ฆ๐—ฝ๐—ฒ๐—ป๐—ฑ ...

๐—ช๐—ต๐˜† ๐—ฌ๐—ผ๐˜‚ ๐—ฆ๐—ต๐—ผ๐˜‚๐—น๐—ฑ ๐—ฆ๐—ฝ๐—ฒ๐—ป๐—ฑ ๐—ฌ๐—ผ๐˜‚๐—ฟ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป

If youโ€™re a #Bitcoin maximalist, you know the importance of stacking sats, hodling them with diamond hands, and never selling, no matter what the price does.

If you can help it, you should never sell your bitcoin, but ๐˜†๐—ผ๐˜‚ ๐˜€๐—ต๐—ผ๐˜‚๐—น๐—ฑ ๐™จ๐™ฅ๐™š๐™ฃ๐™™ ๐—ถ๐˜, ๐—ถ๐—ณ ๐˜†๐—ผ๐˜‚ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐˜๐—ต๐—ฒ ๐—ผ๐—ฝ๐—ฝ๐—ผ๐—ฟ๐˜๐˜‚๐—ป๐—ถ๐˜๐˜†.

Hereโ€™s why:



Itโ€™s crucial that you both ๐—ต๐—ผ๐—ฑ๐—น your bitcoin and ๐˜€๐—ฝ๐—ฒ๐—ป๐—ฑ it to help drive adoption and increase its utility as a medium of exchange. While hodling your bitcoin as a store of value is important due to its disinflationary nature and potential for long-term price appreciation, spending it is equally essential, in order to realize its full potential as a decentralized digital currency.

Spending your bitcoin and selling it differ in the sense that selling typically involves converting it back into fiat currency, which adds downward pressure (albeit minor) to Bitcoinโ€™s price. On the other hand, ๐˜ด๐˜ฑ๐˜ฆ๐˜ฏ๐˜ฅ๐˜ช๐˜ฏ๐˜จ bitcoin involves using it directly as a means of payment for goods and services, thereby bypassing legacy fiat intermediaries, and promoting financial sovereignty.

By actively spending bitcoin, you can contribute to the growing ecosystem of merchants and businesses that accept it, thus ๐˜ข๐˜ฅ๐˜ฅ๐˜ช๐˜ฏ๐˜จ ๐˜ต๐˜ฐ ๐˜ช๐˜ต๐˜ด ๐˜ข๐˜ฅ๐˜ฐ๐˜ฑ๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ฏ๐˜ฆ๐˜ต๐˜ธ๐˜ฐ๐˜ณ๐˜ฌ ๐˜ฆ๐˜ง๐˜ง๐˜ฆ๐˜ค๐˜ต๐˜ด. This not only strengthens bitcoin's use case as a medium of exchange, but also helps to solidify its position as a viable alternative to fiat.

Furthermore, spending bitcoin helps to circulate the currency within the economy, facilitating economic activity, and promoting a more robust and self-sustaining bitcoin ecosystem. As more individuals use bitcoin for everyday transactions, its utility and acceptance will continue to grow, ๐˜‚๐—น๐˜๐—ถ๐—บ๐—ฎ๐˜๐—ฒ๐—น๐˜† ๐—น๐—ฒ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด ๐˜๐—ผ ๐—ฎ ๐—บ๐—ผ๐—ฟ๐—ฒ ๐—ฑ๐—ฒ๐—ฐ๐—ฒ๐—ป๐˜๐—ฟ๐—ฎ๐—น๐—ถ๐˜‡๐—ฒ๐—ฑ ๐—ฎ๐—ป๐—ฑ ๐—ฐ๐—ฒ๐—ป๐˜€๐—ผ๐—ฟ๐˜€๐—ต๐—ถ๐—ฝ-๐—ฟ๐—ฒ๐˜€๐—ถ๐˜€๐˜๐—ฎ๐—ป๐˜ ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ฎ๐—น ๐˜€๐˜†๐˜€๐˜๐—ฒ๐—บ.

In conclusion, itโ€™s essential to strike a balance between hodling bitcoin for its long-term value proposition, and actively spending it to support its use as a currency. By doing both, ๐˜†๐—ผ๐˜‚ ๐—ฐ๐—ฎ๐—ป ๐—ฝ๐—น๐—ฎ๐˜† ๐—ฎ ๐—ฐ๐—ฟ๐˜‚๐—ฐ๐—ถ๐—ฎ๐—น ๐—ฟ๐—ผ๐—น๐—ฒ ๐—ถ๐—ป ๐—ฎ๐—ฑ๐˜ƒ๐—ฎ๐—ป๐—ฐ๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐—ฎ๐—ฑ๐—ผ๐—ฝ๐˜๐—ถ๐—ผ๐—ป ๐—ฎ๐—ป๐—ฑ ๐—บ๐—ฎ๐—ถ๐—ป๐˜€๐˜๐—ฟ๐—ฒ๐—ฎ๐—บ ๐—ฎ๐—ฐ๐—ฐ๐—ฒ๐—ฝ๐˜๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—ฏ๐—ฒ๐˜€๐˜ ๐—ณ๐—ผ๐—ฟ๐—บ ๐—ผ๐—ณ ๐—บ๐—ผ๐—ป๐—ฒ๐˜† ๐˜๐—ต๐—ฒ ๐˜„๐—ผ๐—ฟ๐—น๐—ฑ ๐—ต๐—ฎ๐˜€ ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ ๐—ธ๐—ป๐—ผ๐˜„๐—ป.



Remember to give this a ๐—Ÿ๐—ถ๐—ธ๐—ฒ๐Ÿค™ and a ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„, and add this to your ๐—•๐—ผ๐—ผ๐—ธ๐—บ๐—ฎ๐—ฟ๐—ธ๐˜€๐Ÿ”–.
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