100% - Movement Is Not Spending Let me put forward what a l…
100% - Movement Is Not Spending
Let me put forward what a lot of people in the community honestly believe, and then let us walk it through together, fairly, and see where it lands.
The thinking goes like this. Right now the coin sits low, under ten dollars. But if the price started to climb, if it jumped and kept climbing, then it would become valuable again. And once it is valuable, people will want it. And once people want it, they will use it, and shops will accept it, and the peer-to-peer dream comes back to life. Price first, and everything else follows.
I understand why people think that. It feels right. But let us take each step honestly, because I think there is a confusion buried in it, and the confusion is the whole thing.
Start with the first step. The price rises, so people buy. True. They would. But ask yourself why they are buying. They are buying because the number is going up, and they want to catch the rise. That is a speculator, not a spender. And a speculator does the opposite of spending. He holds. He waits for more. The faster it climbs, the tighter he grips it. So a rising price pulls in people who want to hold it, not people who want to spend it.
Now the second step, the one everyone glides over. It is valuable now, they say, so people will spend it. Will they? Look at the biggest coin in the world. It is worth a fortune. And what do people do with it? They hold it. They sit on it for years, waiting. Some of them say plainly they will spend their old money first and never touch the coin until they have to. High value did not make them spend. High value made them hoard. Value and spending are not the same thing. Often they pull in opposite directions.
So here is the distinction I want to put on the table, because once you see it, the whole picture changes.
A rising price may well increase peer-to-peer movement. It will not increase spending in the economy. And those are two completely different things.
Let me say what I mean. If the price climbs, coins will move. People will send them, trade them, pass them hand to hand, chase the number up and down. That is movement. That is even peer-to-peer, in the plain sense of the word, one person to another. But none of it is a loaf of bread being bought. None of it is a bill being paid. It is speculation changing hands, not money being spent for goods. The coins move faster, and not one thing gets bought with them.
That is the confusion. People hear peer-to-peer movement going up and they think the cash economy is coming back. It is not. The traders are just passing the parcel quicker.
And the proof is right in front of us. The biggest coin already does peer-to-peer. You can send it person to person today. It is enormously valuable. And still, people do not spend it into the economy. They hold it. So even in the best case anyone could dream for this coin, high price, real value, working peer-to-peer, the result is not an economy. The result is people holding, and waiting.
So I will leave the community with the honest questions, not answers.
If a coin can be valuable, and can move peer-to-peer, and still not be spent into the economy, then what exactly is the rising price supposed to fix?
If movement is not spending, and value brings holding rather than buying, where does the actual cash economy come from?
And if the honest answer is that we are waiting for the market to lift the price and hoping the rest follows on its own, then let us be honest about that too. That is not something we are building. That is something we are waiting for. And waiting is not a plan.
I have held this coin a long time, and I want it to work as much as anyone. But I would rather face the real question than repeat a comforting one.
Build thinkers, not followers.
Let us ponder this full well.
Replies
People spend savings because they have to
Savings in FIAT or any crypto
What's your point ?
I have had a very similar thought.
How could a currency fixed in supply ever work? People would Just HODL……
I think that’s the point.
A currency fixed in supply would be the most responsible currency to use.
Things it would help tackle or solve:
Waste, fraud, abuse, pointless wars, planned obsolescence, hardcore consumerism, obesity, people selling junk and scammers, rigged markets, evaporating pensions, food quality…. The list is truly endless.
If you take a look around the room you’re in now and imagine, how much of it would be there if every purchase was in gold?
Half of my room would be gone.
Only quality would survive.