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0 sats \ 1 reply \ @BallLightning 28 Nov \ on: A Black Hole Node Can Trigger Hyperbitcoinization bitcoin
The problem is that if the large suppliers need to be paid in fiat, the merchants will not be able to keep the prices denominated in bitcoin stable. Their expences will be dependent on the fiat price of bitcoin, since the large supppliers need to be paid in fiat.
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0 sats \ 0 replies \ @bitcoinawareness OP 28 Nov
Yes, good point. Ideally we have to begin with products that don't need these suppliers from outside. And each participant can start with a partial set of its inventory, one that it feels comfortable to price in the new reference. The community must have many diverse suppliers.
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