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10 sats \ 4 replies \ @bitcoinawareness OP 24 Nov \ parent \ on: "Suddenly" Could Happen Now, If We Begin With Unit of Account bitcoin
Thanks for your comment. I will address points like these in my next article about the idea.
What you could do is create a Chrome extension that converts all prices into bitcoin.
But that will only impact the tiny percentage of Bitcoiners who hear about it, care to install it, and then overcome the inconvenience to continue using it. And then what? It's not the sellers.
Convincing non-Bitcoiners to price their goods and services in a currency they don't accept? This seems like a waste of time. What am I missing?
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Thanks for your comment. What you are missing is that the idea is more radical. It describes the possibility of Bitcoiners creating a community where things are priced in sats while respecting the true value of Bitcoin, which is total world wealth divided by twenty one million. Yes, starting exactly like that.
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So you're basically describing a circular economy. That's not radical, it's just very difficult and still a collective action problem.
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A circular economy in which a good that outside NOW costs 200 USD is sold by rougly 460 sats.
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