Spend and replace

A habit that lets you use bitcoin as money without shrinking your stack: pay a merchant in bitcoin, then immediately rebuy the same amount with fiat on your usual exchange or DCA. Your bitcoin balance ends up unchanged while bitcoin still circulates as a medium of exchange, which is what grows the circular economy.

It resolves the Gresham's-law tension that makes pure hoarding rational for an individual but self-defeating for bitcoin's monetization: spend-and-replace is not spend OR hold, it is both at once. It is how working circular economies like Bitcoin Beach sustain themselves.

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