Spending bitcoins decreases Bitcoin's liquidity. Spending your dollars but saving bitcoins increases Bitcoin's liquidity. Spending your dollars using a credit card that gives cash back, so that you can buy and save even more bitcoins increases Bitcoin's liquidity even more.
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Replying to @bitstein
I don't think you know what the definition of liquidity is
6 replies 1 retweet 51 likes -
Replying to @ChrisPacia @bitstein
He should ask
@DanielKrawisz what it is.1 reply 0 retweets 1 like -
Replying to @SteinLudvigsen @ChrisPacia and
"a currency’s liquidity, which refers to the value that can be bought or sold without significantly altering the price" https://nakamotoinstitute.org/mempool/the-coming-demise-of-altcoins/#selection-91.100-95.95 …
1 reply 0 retweets 7 likes -
Replying to @pierre_rochard @ChrisPacia and
@bitstein believes that a currency gains liquidity by not being used. A currency is just a tool. It solves the barter problem. What value has a hammer, if it isn't used?1 reply 0 retweets 1 like -
Replying to @SteinLudvigsen @ChrisPacia and
You misread his tweet, read it again and think about it some more. Really think though.
2 replies 0 retweets 6 likes -
Replying to @pierre_rochard @SteinLudvigsen and
You would also benefit from a very close reading of Hoppe on the topic of holding a money balance: https://mises.org/library/yield-money-held-reconsidered … Don't just read it once, read it at least 4 times.
3 replies 6 retweets 36 likes
I challenge anyone to read that article all the way through once, let alone four times
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