Step one for Bitcoin: get people comfortable spending it
Quote
the problem with Bitcoin for a long time with the culture of Bitcoin has been people are not people don't spend the money. So you're sort of like feeding Gresham's Law by by not doing anything.
Episode 122: We're Trending! (episode page, opens in a new tab) 00:33:07 (play audio from this timestamp, opens in a new tab)
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Summary
Bitcoin culture's problem has long been that people don't spend it, which feeds Gresham's Law. Dave says anything that gets people to actually transact (boostagrams, zaps) helps form a market and enable price discovery. Bitcoin isn't financialized yet, and the first step is getting people comfortable spending it.
Also said
Episode 122: We're Trending! (episode page, opens in a new tab) 00:33:48 (play audio from this timestamp, opens in a new tab)
Now, step one, like the first step you have to take is to get people comfortable with actually spending it.
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