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Spend your Bitcoin and why I'm spending mine
Manage episode 506185508 series 3512732
Bitcoin has risen over 859% in the last 5 years — from $11,000 to $113,000. Most people see that growth and think: “HODL forever.”
But Satoshi’s vision was never about locking Bitcoin away in a vault. The white paper was titled “A Peer-to-Peer Electronic Cash System” — designed for direct payments between people, free from banks and middlemen.
In this episode, I break down why spending Bitcoin is just as important as stacking it:
- It completes the loop → Saving is step one, but spending turns Bitcoin into real money.
- It proves independence → Every transaction shows we don’t need banks, Visa, or PayPal.
- It separates money from government → Just like church, law, and language, money should exist outside state control.
- It normalises adoption → Paying wages, tipping, or buying coffee in Bitcoin makes it natural.
- It’s cheaper for merchants → Credit cards skim ~2% ($600 on $30k sales). Lightning fees? As low as $0.87 for the same volume. Even at the “expensive” end, merchants save 80–95%.
I share real stories from meetups, sending sats to my nephews, and giving Bitcoin to my kids — because this isn’t just theory. Spending Bitcoin is freedom in action.
If we never use Bitcoin, banks and governments win. Every Lightning transaction is a middle finger to the old system. Stack sats, yes. But spend them too. That’s how Bitcoin becomes money.
Get intouch with Myles at [email protected]
42 episodes
Manage episode 506185508 series 3512732
Bitcoin has risen over 859% in the last 5 years — from $11,000 to $113,000. Most people see that growth and think: “HODL forever.”
But Satoshi’s vision was never about locking Bitcoin away in a vault. The white paper was titled “A Peer-to-Peer Electronic Cash System” — designed for direct payments between people, free from banks and middlemen.
In this episode, I break down why spending Bitcoin is just as important as stacking it:
- It completes the loop → Saving is step one, but spending turns Bitcoin into real money.
- It proves independence → Every transaction shows we don’t need banks, Visa, or PayPal.
- It separates money from government → Just like church, law, and language, money should exist outside state control.
- It normalises adoption → Paying wages, tipping, or buying coffee in Bitcoin makes it natural.
- It’s cheaper for merchants → Credit cards skim ~2% ($600 on $30k sales). Lightning fees? As low as $0.87 for the same volume. Even at the “expensive” end, merchants save 80–95%.
I share real stories from meetups, sending sats to my nephews, and giving Bitcoin to my kids — because this isn’t just theory. Spending Bitcoin is freedom in action.
If we never use Bitcoin, banks and governments win. Every Lightning transaction is a middle finger to the old system. Stack sats, yes. But spend them too. That’s how Bitcoin becomes money.
Get intouch with Myles at [email protected]
42 episodes
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