bitman on Nostr: Using Bitcoin as base money is essentially free, yet hardly anyone wants to use it. ...
Using Bitcoin as base money is essentially free, yet hardly anyone wants to use it. The majority of Bitcoiners—economically illiterate, in my view—fail to grasp a fundamental truth: spending Bitcoin doesn’t weaken it; it strengthens it. Every sat spent increases demand for Bitcoin as money, driving NGU. The reverse is also true—if plebs endlessly hoard without circulating the corn, demand stagnates, and over a long enough time frame, NGU turns into NGD. Adoption fuels value. Refusing to use Bitcoin ensures it remains a speculative asset rather than an actual currency.
Published at
2025-03-31 14:15:44Event JSON
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"content": "Using Bitcoin as base money is essentially free, yet hardly anyone wants to use it. The majority of Bitcoiners—economically illiterate, in my view—fail to grasp a fundamental truth: spending Bitcoin doesn’t weaken it; it strengthens it. Every sat spent increases demand for Bitcoin as money, driving NGU. The reverse is also true—if plebs endlessly hoard without circulating the corn, demand stagnates, and over a long enough time frame, NGU turns into NGD. Adoption fuels value. Refusing to use Bitcoin ensures it remains a speculative asset rather than an actual currency.",
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