Quote from: nutildah on Today at 08:29:59 AM

Quote from: Wind_FURY on Today at 07:25:12 AM

But they should to educate the newbies and make them think hard before spending their precious Bitcoins. A Bitcoin now is better HODLed than spent.

While I'm not exactly sure when you think its good to spend bitcoin, I disagree with this. Bitcoins were made to be spent, not held.

Sorry, the point I was making was made through an incomplete post. I was talking more about from an investment perspective and how Bitcoin isn't designed to use for mere "coffee transactions".

Bitcoin's purchasing power grows after the end of a 4-year cycle, so unless you have no choice and truly need to spend your Bitcoin, it's better to use fiat to purchase your personal needs.

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The ability to spend them is what gives them their value. When you spend your bitcoin, you are fulfilling its purpose, its destiny. If everybody held their BTC, well first of all there'd be no market, and second of all it would be no different than a Ponzi scheme centered around an illiquid asset.

That's partly true. In my opinion, Bitcoin's main value proposition derives from the fact that it's censorship-resistant. The way it's spent and the way the network is utilized also matters. If people truly believe that Bitcoin was built to be a network for personal/consumer finance, then they're only scratching the surface.

Ordinals is a good example. I may not like dick pics and fart sounds in the blockchain, but it's impressive, for the Bitcoin as a protocol, that Casey Rodarmor built his project on top of the network without asking permission. This is the ethos Bitcoin lives by, and saying that it's merely for "spending" cheapens the protocol.