Had a great talk with @desert dave yesterday. He helped me realize true security in bitcoin is derived from using it as a medium of exchange instead of hoarding it in the hopes the value goes to some dollar amount one day. If you have frequent economic interactions with your friends and neighbors, your physical needs will be met, and your community will be very self-sufficient as a whole. So you don’t need millions of dollars to retire one day, since your interactions with your family and community will take care of you. This is the economy we will try to build in Cochise County, AZ!
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He isn't wrong. #p2p
"Hoarding" is an insulting and denigrating frame for using financial intelligence to achieve hopes and dreams.
Yes
I agree but most people do not have the benefit of a community who wants it as a medium of exchange
What has been revealed this cycle is a large chunk of bitcoiners are not holding for sovereign and freedom from state
I’m just saying there are multiple ways to achieving those dreams financially, and smaller and more frequent transactions with people you actually know is another way of getting there. Plus there is no big honeypot for hackers to steal, and I think there are other social benefits as well
We are extremely fortunate to have a very strong community of opt out builders here who love freedom, so I’m interested to see if Nostr and Bitcoin will get some traction. That’s where the real magic will happen
This cycle will repeat until we let go of the past. It will take time. But if that isn't the goal, I am not sure what Bitcoin is for.
What are your hopes and dreams?
#Bitcoin is for separation from the state. I think too many have forgotten that
Your path to wealth, which I like and think is great, doesn't necessitate maligning saving as hoarding.
@Wild Burro Cochise County is a real test for that, since a circular economy needs a second merchant before the first one sticks. Whoever accepts sats first usually has nowhere to spend them, and that is where most local attempts stall.
The definition of ‘hoarding’ is “the practice of accumulating and hiding or storing away goods or resources”. It’s only a pejorative if you take it that way
That’s a great point and something we’ll need to foster for this to really get off the ground
You clearly used hoarding as a negative in your initial post. Now you're running to a dictionary and blame shifting, in contradiction to your first use.
It's "only a pejorative" because you framed it that way.