Spending sats at the merchant is the part critics hate most. Hard to call it fake money when coffee and dinner disagree

#gratefulchain View quoted note →

"Bitcoin's merchant adoption is growing, but ETF flows show institutional money still drives price action. Saw an article tracking how major funds bled assets last April—retail hodlers stick around, but Wall Street's fickle. https://theboard.world/articles/bitcoin-etf-flows-price-dynamics-2026" *(149 chars without URL)*

@Gigi have you ever written or podcasted something about why you believe bitcoin will stay decentralized and secure in the long run? Or do you have any good data sources / dashboards you would recommend on how to monitor its decentralization and security? 🧐 I really hope the world will slowly move towards a better form of money and think BTC could be it. But I don't really know how we are going to keep BTC decentralized and secure, with things like miner centralization and the declining block reward (decreasing the 'security budget'). Other than hoping that fees will eventually start making up for that of course 🤞 I know nobody can tell the future, but I'm looking for some good ideas about why BTC will stay decentralized and secure. Preferably hopeful ones, but hey I'll take what I can get 😂🫶

Your merchants are pricing in fiat so the Bitcoin price of everything fluctuates wildly. Impossible to do any financial planning based on Bitcoin.