Post

Source: cryptopolitan.com/bitcoin-paym…

@WuBlockchain Are merchants actually accumulating sats or just treating Lightning as a fiat pipe?

@WuBlockchain hodl mindset wins again

@WuBlockchain go the hell imf

@WuBlockchain spending the corn when it could go up or down 20% makes no sense

@WuBlockchain Bitcoin Beach becoming a tourist attraction, not a payment network

@WuBlockchain I mean, who's spending btc when it might moon next week lol

@WuBlockchain Accepted sign yet empty beach

@WuBlockchain Currency or asset, not both.

@WuBlockchain Maybe adoption was never about paying for lunch. What if people simply prefer holding Bitcoin to spending it?

@WuBlockchain BTC is digital gold...not for trading for a sandwich.

@WuBlockchain El Salvador proved Bitcoin works as a reserve asset not as everyday money. Merchant payments collapsing was the predictable outcome.

@WuBlockchain Read the book "Hijacking Bitcoin" and you'll understand why this is the case. It's a shame what a small group of people did to BTC to enrich themselves. Oh well, Ethereum wouldn't be what it is today without the murder of Bitcoin.

@WuBlockchain Always Bitcoin yk!

@WuBlockchain Turns out nobody wants to spend the asset they were told would go up forever.

@WuBlockchain Bitcoin doesn’t need to be everything. It can remain the pristine collateral and store of value while stablecoins handle the transactional layer. That’s not a failure of Bitcoin — it’s a healthy division of labor.

@WuBlockchain A single lunch is anecdotal, but the shift to cards makes sense when neither merchants nor customers want price risk at checkout

@WuBlockchain They'll be able to borrow against it in the next 4 years.

@WuBlockchain Maybe it's because of the big movement in price? But of course you can go home after and buy Bitcoin with your fiat

@WuBlockchain then how is that "legal tender" if acceptance is not mandatory

@WuBlockchain Inevitable. As a global store of value, transacting in it makes for a poor financial decision. Price climbs as more people HODL. Scarcity shock + peak demand. I know Steak ‘n’ Shake captured a lot of BTC, but I think it’s crazy that they’re getting any at all! JMO NFA DYOR

@WuBlockchain If you don’t have any cash or a card, you’ll still get that yummy smoothie at El Tunco when it’s hot out there n pay with sats 🙌

@WuBlockchain Well, they had one transaction at least! But I can agree the situation is not ideal.

@WuBlockchain Who would accept payment for something with Bitcoin knowing that within the next 12 hours the usual bad actors like @cz_binance , @binance and @wintermute_t can do this in order to steal investor liquidity with wash trading? x.com/Mrplangdon/status/209255…

@WuBlockchain Exactly.. Spending Bitcoin doesn’t make more sense, using Bitcoin as pristine collateral allows you to spend and accumulate wealth at the same time. 🧠

@WuBlockchain Of course. Its because btc isnt a daily use currency

I am a BTC bull and we mine BTC with our own energy behind the grid on our farm so not like I am not a fan. However, BTC beach has and has always been a marketing ploy to get dumb orange pilled (generally not well traveled otherwise you would realize there are a lot nicer beaches in Central America) Americans to go to El Salvador. It worked somewhat but the novelty is wearing off and it is easier to make traditional payments. Bukele did a good thing buying BTC reserves but BTC beach is bullshit.

@WuBlockchain x.com/danielgoesmax/status/209…

@WuBlockchain Wait until November🤠💥💥💥

@WuBlockchain x.com/thewilliamlehr/status/20…

@WuBlockchain LOL

@WuBlockchain Gresham's Law

@WuBlockchain Wow who could have known 😩

@WuBlockchain The mandatory rule was never enforced; it has always been voluntary. The 2022 bear market significantly hindered its practical adoption in El Salvador, if a bull market starts it may help increase current adoption levels

@WuBlockchain Tulips…tulips

@WuBlockchain exactly as we predicted in 2017 (and before)

@WuBlockchain btc being an empty dumpster fire is on brand.