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11 sats \ 3 replies \ @teemupleb 16h \ parent \ on: Bitcoin Debit Card with NWC/lightning topups bitcoin
Because 99% of people still use fiat as a unit of account and for this reason there’s a product market fit
Then why are we even complicating anymore with Bitcoin, wallets, solutions etc?
Let's just use old fashion fiat rails and that's it.
WHY ARE WE HERE?
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The easier we make on ramp or off ramp, the more liquidity Bitcoin gains. In many countries, it is easier to buy and sell forex than Bitcoin. That is an abomination that these services can mitigate.
Once Bitcoin is liquid enough for on or off ramp, then it will be the default choice of people suffering from inflation, bank account freezing etc. Like you see in Iran, egypt, venezuela etc. people are dollarising to protect their wealth. Why not bitcoinising instead of dollarising? The challenge is on or off ramps.
So yeah, if another service makes Bitcoin easier to acquire or spend than fx, then bitcoin will have a better shot at replacing fiat under inflation or capital control.
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This is not bitcoinizing. It's just giving more btc to saylor.
You mention Venezuela... After 16 years and they are still shitcoining with all kind of stupid crap coins.
People are too stupid for bitcoin and these visa cards are the perfect example of stupidity.
My meme still stands
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