Buying cuban cigars in bitcoin for a mate's wedding in 2023

Today, ₿180,000 is about $190. To anyone thinking, ‘OMG, how could you miss out on those Bitcoin gains? You should have HODL'd! Gresham's Law dude!’ I could’ve spent Cuban pesos instead of bitcoin, sure. But I want to support freedom money in one of the last bastions of communism. I do not regret it. To the point about Gresham's law, it simply doesn't apply to Bitcoin. Gresham’s Law applies when a government legally mandates a fixed exchange rate between two monies—something that never happens with bitcoin’s market-driven, floating timechain value—so there’s no enforced overvaluation to drive out the “good” money. Ultimately, the real opportunity cost is NOT the bitcoin I spent on this cigar—it’s the fiat you hold right now that is not Bitcoin. Every single time you spend fiat, you could have spent bitcoin or HODld bitcoin. Think about that for a second. (Not financial advice obvs) submitted by /u/JoeNakamoto [link] [comments]

Jun 27, 2025 - 10:11

Buying cuban cigars in bitcoin for a mate's wedding in 2023

Today, ₿180,000 is about $190.

To anyone thinking, ‘OMG, how could you miss out on those Bitcoin gains? You should have HODL'd! Gresham's Law dude!’

I could’ve spent Cuban pesos instead of bitcoin, sure. But I want to support freedom money in one of the last bastions of communism.
I do not regret it.

To the point about Gresham's law, it simply doesn't apply to Bitcoin.

Gresham’s Law applies when a government legally mandates a fixed exchange rate between two monies—something that never happens with bitcoin’s market-driven, floating timechain value—so there’s no enforced overvaluation to drive out the “good” money.

Ultimately, the real opportunity cost is NOT the bitcoin I spent on this cigar—it’s the fiat you hold right now that is not Bitcoin.

Every single time you spend fiat, you could have spent bitcoin or HODld bitcoin.

Think about that for a second.

(Not financial advice obvs)

submitted by /u/JoeNakamoto
[link] [comments]