· 3 min read
We are still So early
Hello everyone! After making the decision to sell all my Stacks (STX) NFTs, which incidentally included three that provided lifetime access to Sigle (a platform I loved), I've found myself needing a new blogging home.
Hello everyone! After making the decision to sell all my Stacks (STX) NFTs, which incidentally included three that provided lifetime access to Sigle (a platform I loved), I’ve found myself needing a new blogging home. The details? That’s a story for another day. For now, I’m just thrilled to be back, with a trove of experiences to share.
Thanks for reading LIFEonBTC! Subscribe for free to receive new posts and support my work.
Last night, I had the honor to introduce three bright young adults to the Lightning Network. Two of them happen to be my sons, and the third is my eldest son’s girlfriend (can we say that anymore?). Despite listening to my wife and me discuss Bitcoin nearly every waking moment, their curiosities were endless.
”How can I make actual purchases?” “Is it possible to buy gas with this?” “Why shouldn’t I jot down my pin alongside my backup phrase on my phone?” And so on.
While getting them set up with Breez mobile and seeing their elation at receiving their first 10K sats was straightforward, their questions quickly delved deeper. They grasped the concept of why one might want to possess Bitcoin, but struggled to see its day-to-day applicability, beyond serving as a savings medium.
It was truly a joy watching their excitement as the SATS appeared in their accounts in mere seconds!
They have a point, though. Sure, I’ll proudly use sats to pay for my hamburger and beer at this weekends Bitcoin meetup, and yes, I’ve had my share of homemade mead and other delights using Bitcoin. Yet, a lot of these are novelty transactions, driven more by the novelty of using Bitcoin than the desire for the product itself. (Though, that mead was exquisite!)
This experience underscored a revelation for me: many of us, especially in western nations, see Bitcoin primarily as an asset, rather than a daily currency. I’m an advocate for broader adoption, urging a shift from mere “HODL” to a “Spend and Replace” philosophy. Yet, with the convenience of mainstream platforms like Venmo or Revolut, this is an uphill battle.
Convenience often trumps the allure of personal sovereignty.
Most people don’t blink an eye at relinquishing some control to a third party, paying fees along the way, until one day, they’re penalized for a minor infraction or a dissenting opinion.
That aside, while we may be in the early stages of Bitcoin adoption from one viewpoint, from another, we’re perfectly on schedule.
The ability to exchange traditional fiat for Bitcoin is, to me, akin to trading an everyday item like a cow for a handful of magic beans.
Fiat may not hold the same intrinsic value as a cow, but I’m sure you catch my drift.
In the meantime, I’m dedicated to spreading the word. Every chance I get, I’ll be introducing individuals and businesses to the world of Bitcoin, emphasizing its ability to grant sovereignty, independence, and freedom — even if it means forgoing a little convenience. And as for me? I’ll keep accumulating, through halvings and beyond, as long as there’s Bitcoin available and I have something to trade or buy with.
Enjoy the piggy bank!
[
Thanks for reading LIFEonBTC! Subscribe for free to receive new posts and support my work.
