Patrick on Nostr: I agree with your valuation but we aren't interacting with the market by hodling. We ...

I agree with your valuation but we aren't interacting with the market by hodling. We are just storing economic value for a future interaction.

The market equilibrium is exactly the problem. If there was more use of Bitcoin as a currency then you solve the corruption that can happen to the market by small #s of participants trading on exchanges. You also grow the network by making the underlying asset have more usability.

Spending dollars adds economic activity to that market making it more usable to merchants because of wider adoption. We have to break the pattern.