I love Andreas Antonopoulos. Having said this, he recently said something in one episode of his podcast that surprised me. He was talking about living on Bitcoin and he said that he HODLs his BTC and basically spends only USD. He gets paid in all different fiat, and he spends this fiat for his daily life. When he can, he buys more BTC and HODL.
While I understand that many of us HODL, isn't this just wrong for the future of BTC. First, Satoshi created BTC as a currency. It is intended to be spent. Second, if everyone HODL and nobody spends BTC, isn't this becoming just a pyramid scheme?
You kind of answered the question. He gets paid in fiat. So he spends it. If he has any left over he then buys
BTCTaking it all and converting it to
BTC to turn around and spend it is pointless.
As for holding it. I get paid in fiat too. I buy stuff with it, I put some in a savings account, some in my IRA and with some I buy
BTCSome
BTC gets spent, but not all.
I am part of a signature campaign that pays in
BTC. Some gets spent as
BTC other gets saved. If I don't need to spend something, be it fiat or
BTC or whatever why should I spend it?
With your question, you are more or less saying he should spend for the sake of spending.
-Dave