There is a important difference during the transition period with fiat-bitcoin competing. Most (even committed bitcoiners) will do what I do:
💯 I will spend fiat, hoard bitcoin until either:
1) I can get paid in bitcoin or 2) when producers of really good stuff refuse fiat
#2 is THE KEY to the transition to the MOE era
Also Hoarding Bitcoin creates incentive to work/produce more to avoid forced selling. This will be true forever
McCoy
npub18y…qx5t7
2025-06-05 01:43:27
in reply to nevent1q…ah0c
Author Public Key
npub18y33vpqmudzm9wk9cnglgnrhqyu96c4l4tr59k2zw0gs5ep5a2kqjqx5t7Published at
2025-06-05 01:43:27Event JSON
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"content": "There is a important difference during the transition period with fiat-bitcoin competing. Most (even committed bitcoiners) will do what I do:\n💯 I will spend fiat, hoard bitcoin until either:\n1) I can get paid in bitcoin or 2) when producers of really good stuff refuse fiat\n#2 is THE KEY to the transition to the MOE era\n\nAlso Hoarding Bitcoin creates incentive to work/produce more to avoid forced selling. This will be true forever",
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