I'm forced to spend what bitcoin I have just to pay my bills. I'm also working a normie job right now. I try to get more coin through some ways that would be out of topic to discuss here, but it's never enough.
The more places that accept bitcoin directly instead of going through fiat or cash or exchanges, the better for everyone. Even if they have to use a payment processor like bitpay or btcpay or something similar.
For domains, for example, you can use namecheap.com and set aside maybe the equivalent of 10 years in bitcoin, pay yearly from that address or wallet, and it will probably last more than 10 years.
I surely agree with you Dabs in regards to having options is not going to hurt, even if there might be some disincentives for people to spend bitcoin if they have other ways of transacting value first.
Of course, each person is going to be different in terms of how much, if any cushion that they might be able to create involving their bitcoins in order to be able to save or set aside bitcoin or to buy bitcoin..
I do try to suggest that people with even the tightest of cashflows try to figure out how to at least save/buy/accumulate $10 per week in bitcoin (no one should be without any bitcoin).. as a kind of minimum starting point for DCA and accumulating bitcoin.. and it may well take a long-ass time to get to some kind of meaningful richie status by only being able to set aside/accumulate the minimum amounts.. and if you can't you can't.. you just have to sit out the greatest wealth transfer in history.. even while you know it is happening.
In regards, to people with higher cashflows, they should be attempting to do a bit higher amounts of buying, accumulating, setting aside, and for beginners maybe starting with $25 to $100 per week is going to be a good start, and surely higher networth individuals should be able to buy, set aside/accumulate more than $25-$100 per week, and of course the amount such as even $1k per week, will depend on their cashflow and perhaps some of their other individual circumstances..
So, sure part of my point is that if you have varying kinds of spending options, bitcoin would be what you would be spending last.
In the event that you are earning money in bitcoin then surely you might well be forced to spend most if not all of the bitcoin that comes in, and if you are not earning money in bitcoin, you should be striving to accumulate as much BTC as you can so that you do not miss out on the greatest wealth transfer in history. ..
Surely, even if you are ONLY able to accumulate as little as $10 per week.. if you cannot even do that, then accumulate/set aside what you can.. and it will likely help down the road, even if it is not as likely to put you even close to fuck you or richie status, it still would be likely to make you much better off than living paycheck to paycheck until death.
If you cannot even set aside $10 per week of BTC... but it still could give you more options.. so for example, if you set aside the $10 per week for 10 years, it would add up to $5,200 set aside (in bitcoin, depending on the cost of the bitcoin), and 20 years would add up to $10,400 set aside.. so even small amounts can add up to large amounts over time, and surely bitcoin has historically had 10x, 100x and more than 1000x returns over relatively short periods of time, but even if you are able to get smaller returns over then next 10 to 20 years, BTC accumulation and setting aside as much as you reasonably can (without putting yourself at risk in other ways) should be what you are trying to do (especially if you already know about bitcoin.. and the coming 10 to 20 years, there are going to be a lot of newbies coming into bitcoin and either just hearing about bitcoin or only just actually figuring out that they should accumulate and set aside bitcoin, and if you are 10 to 20 years before those likely upcoming newbies, then there are good chances to be a quite a few advantages from that kind of knowing in advance, so long as you act upon it rather than sitting on the sidelines).
Edited - 40 minutes later: because my computer was in the middle of a software install and restarted in the middle of my drafting of the post.
Edited II ----- inspired from reading this subsequent (three posts downthread) and seemingly contradictory Dabs post There have been a few times that you, Dabs, have made ambiguous (potentially contradictory) posts - like the above-linked one that suggests that you spend all of your bitcoin on a regular basis.. which provides rationale and impetus for my above post - especially since we are in a public thread.. and it seems important to me that newbies should understand that longer term bitcoiners (such as yourself Dabs) should have some pretty decently-sized clues that we should not be spending all of our bitcoin, even if we might have cashflow issues/problems.. unless we have no abilities at all to save any money at all.
Poll
