I generally agree with this take. That’s why I’m working on self-hosted, “plug-and-play” BTCPay servers for merchants. Sending and receiving Lightning transactions can be completely off the books, allowing businesses to bypass certain tax hurdles (don’t tell the Feds).
The bigger issue here is the narrative being pushed—one that psyops both Bitcoiners and normies into believing Bitcoin’s native state is that of a digital asset rather than a viable currency. This is completely false, yet it’s being mass-adopted thanks to people like Saylor, who insist Bitcoin is nothing more than “digital property in cyberspace” 🤢 rather than a true competitor to the USD. Most people accept this framing at face value and even justify why Bitcoin shouldn’t be spent at all.
But here’s the fallacy: if Bitcoin isn’t used as money, it fails as Gold, too. The entire value proposition of Bitcoin is its ability to transmit value over communication channels—not to sit in a digital Fort Knox. What’s even less intuitive is that demand for Bitcoin as money (driven by people actually spending it) is one of the strongest drivers of NGU. Like any other market good, money follows supply-and-demand dynamics—but in Bitcoin’s case, the left side of that equation is hard-capped.
If Bitcoin stops being used or perceived as money, it will stagnate and eventually lose purchasing power—because that is its primary purpose.
bitman / Bitman #FixTheFilters
npub1x9…hcsg7
2025-03-07 13:19:05
in reply to nevent1q…2jwa
Author Public Key
npub1x9q89st049pnuym57ch9kqkgzcu5dmff32wduwc4g9gnc2w3nlls8hcsg7Seen on
wss://nos.lolPublished at
2025-03-07 13:19:05Event JSON
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