Why Nostr? What is Njump?
2024-05-22 15:31:20

rockinhawke on Nostr: whole heatedly agree with this. the more versatility in how we use it will improve ...

whole heatedly agree with this. the more versatility in how we use it will improve adoption and increase usage which will increase the purchasing power of our Bitcoin.

and there will be multiple layers of comfort in custody (some will keep their money in a mattress and others will keep it on an exchange) and that is ultimately okay. your Bitcoin is yours to do with, and mine is mine to do with. accepting people's choices will encourage more participation.
quoting
Laszlo is a great reminder that spending #bitcoin is good for Bitcoin.

He used bitcoin on-chain to pay for pizza in 2010, and used bitcoin via Lightning to buy pizza in 2018.

Sure, it’s easy to look back now and say “DUDE you wasted generational wealth on PIZZA?!”

But the creators, pioneers, and early adopters of new technology are the ones who change the world. We wouldn't be where we are today without them.

I’ll never tell anyone what to do with their money, and if you simply use bitcoin as a store of value that’s wonderful, because without SoV it’s all meaningless. Store of Value based on the absolute scarcity of 21M coins is the solid foundation that enables everything else. If you don't believe me, I encourage you to study shitcoins.

Hodling drives adoption because NGU is the most powerful Bitcoin meme there is.

Different people move along the progression from Store of Value to Medium of Exchange to Unit of Account at different rates, and not always linearly. So I'll never judge someone just because they're at a different place in their Bitcoin journey than I am.

Personally, I personally use bitcoin as a SoV, MoE, and UoA. I've purchased (a lot of) beer and food, art (shoutout to ) wine (shoutout to ), trading cards, clothing, hotel stays and pupusas in El Salvador, and a whole lot more...

When I spend bitcoin on goods and services, I also convert more of my fiat petrodollars into bitcoin. I DCA into bitcoin every single day, and try to be as short fiat as possible.

I also spend and earn bitcoin every single day by zapping and being zapped on #Nostr

I've funded projects on and had my projects funded as well.

I've donated bitcoin to charities and open source development.

I send sats to my favorite podcasters like , , and on Fountain because I find their work valuable and want to give value in return. I also receive sats from people on Fountain who enjoy

It's a beautiful thing when value can flow across the world without the friction of fiat rails.

So, do whatever you want with your bitcoin. I truly don't care and it's none of my business.

Personally, I'm going to keep using bitcoin as a Store of Value AND Medium of Exchange AND Unit of Account.

I'd like to thank Laszlo for being a pioneer who wasn't afraid to spend bitcoin, because he knew nothing changes unless we change it.

If you want to build parallel systems, you have to build parallel systems... They don't just appear out of thin air because you LARPed about it on social media.

Shoutout to the developers, the Hodlers, the Spend & Replace-ers, the merchants, and the miners. We're all Bitcoiners, and we all believe a better future is possible thanks to Bitcoin.

But the future we want doesn't just happen; we have to build it.
Author Public Key
npub1lakz40qea8tfgxpvrymxehwegfme776kwpm262ksz8a9swwqwcdqelkemd