Joelpsr on Nostr: Bitcoin is a great store of value. It's too valuable to spend on trivial ...
Bitcoin is a great store of value. It's too valuable to spend on trivial consumption.Saving, not consuming needlessly.That's what fiat is for..bitcoin is for long term wealth preservation..or to borrow against. Small payments can be made with Lightning if someone insist on spending it..but the LN isnt designed to support large transactions over, say, 0.25-0.33 btc. It can but the fees start to get outragous. Spending or selling also creates a taxable event. Depending on how long you've been holding, this can be quite costly. Bitcoin as a sword, not a Swiss army knife as Matt Kratter says. But ultimately, Btc is free money. One can do as he or she wishes with it.
Published at
2023-10-17 17:35:08Event JSON
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"content": "Bitcoin is a great store of value. It's too valuable to spend on trivial consumption.Saving, not consuming needlessly.That's what fiat is for..bitcoin is for long term wealth preservation..or to borrow against. Small payments can be made with Lightning if someone insist on spending it..but the LN isnt designed to support large transactions over, say, 0.25-0.33 btc. It can but the fees start to get outragous. Spending or selling also creates a taxable event. Depending on how long you've been holding, this can be quite costly. Bitcoin as a sword, not a Swiss army knife as Matt Kratter says. But ultimately, Btc is free money. One can do as he or she wishes with it.",
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