Is this what “friendly fire” looks like? Although “go out and spend your coins” seems like overly simplistic poor financial advice, pushing for mass adoption of
Bitcoin as money looks pro-Bitcoin to me.
Fuck off with any of those implied assertions that: 1) something is wrong with bitcoin, 2) bitcoin is not sufficiently being adopted (or fast enough), 3) people need to spend their bitcoin in order for bitcoin to be valuable... 4) if people do not spend their bitcoin, then bitcoin is not going to survive (or have enough utility) 5) we need to do something quickly in regards to being able to spend bitcoin, otherwise the competition is going to eat bitcoin's lunch...
Use of Bitcoin as money is what gives it fundamental value.
If a thing has no value other than the prospect of reselling it for higher to the greater fool, that is a textbook definitional Ponzi.
[Edit: Similar applies as for anything that has no value other than hopes of gaining “passive income” from shell games tantamount to financial perpetual motion machines.]>99% of altcoins meet that description. Of each coin, as yourself: “Why would anyone want to hold this, other than hoping that the price goes up?” If the answer is “no reason”, then it is a Ponzi-style red-letter
SCAM, period.
Too many newbies who buy into Bitcoin as mystified to discover that some people actually use it as money. Yes, really: Bitcoin is money! I myself first got into it, because I wanted to use it as money.
Usage as money also deters the catastrophically detrimental error of treating Bitcoin as a sort of a quasi-stock.
When you buy Bitcoin, your dollar equity is zero. You are exchanging one currency (USD, etc.) for another currency (BTC). The only value you have is denominated in BTC, at a rate of
1 BTC = 1 BTC, unless you bring your BTC back to market; then, you get whatever exchange rate is available on the crypto-forex market at that time. This is
critical to Bitcoin’s sound-money properties—it is independent of other currencies—and incidentally, it is essentially why Bitcoin has never been regulated by the SEC, et al. Bitcoin is not a security, and I want to batslap the hell out of every new “Bitcoin investor” who thinks of it as a sort of a newfangled stock-like thingie.
Edit: With the foregoing having been stated objectively, and without regard to authorship, a check of Next-door’s post history is
unimpressive.