Nowadays, it would be extremely difficult to live off zaps. However, we can dream.
Zap The Planet: The Birth Of A Global Circular Economy
Nowadays, it would be extremely difficult to live off zaps. However, we can dream.
In Bitcoin circles, a zap is a tip in Satoshis. Satoshis or Sats are the smallest unit in Bitcoin. The value-for-value economy relies on zaps and Sats, and it’s growing by the minute. The Lightning Network introduced the possibility of microtransactions to Bitcoin, and Bitcoiners everywhere created a global circular economy with it.
At the moment, the numbers are still small, but that won’t be the case forever.
In the real world, circular economies are popping up everywhere. Wherever there are unbanked individuals, Bitcoin is helping them access value and cover their necessities while keeping money circulating within the community. That’s beauty right there. However, those circular economies are limited by the hard realities of physical space. Limited to the people around a specific area and a few tourists.
Don’t get us wrong, they are absolutely necessary for Bitcoin’s success. Both are.
The global circular economy is a unified field, a different animal altogether. Since it lives on the internet, boundaries don’t exist, and limitations are few. It could grow exponentially at any point, and it probably will.
Before getting into it, let’s explore where the idea came from.
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I've enjoyed watching the nostr merchants incorporate each others' products. Sourcing inputs that you can purchase with bitcoin is slow process but we're seeing it develop in real time.
Yeah those nostr producers are doing great job, but is not enough. They are quite few. OK is a good example to follow.
But we need more expansion into basic things and services.
We cannot name "circular economy" zapping each others few sats for memes. Cmon, this is just a game testing and learning.
A real circular economy is when in your local community, town, city, you have producers, buyers and employers with bitcoin.
If you cannot be paid in sats for your job and later spend those sats for eggs and beers, then is not a circular economy. Sats must flow between each others in our daily life, not just online on nostr and SN...
I was thinking about how those nostr guys are all making final consumer goods, which makes sense since they're using nostr to advertise their products to us.
Like you're saying, though, we still need to see things like bottles, jars, and packaging being sold for bitcoin, and then we'll need raw material producers who accept bitcoin. It's still a ways off.
Advertising on nostr and SN is a great idea. And I think it works.
The idea is to find for example, suppliers for those producers to provide basic material they need, as you said, bottle, jars, labels, boxes etc.
So we need somehow a marketplace where to put together suppliers and producers and consumers to trade freely each others.
Right now maybe are some suppliers somewhere in a corner of the world, and willing to accept sats. But they don't know these producers really need them.
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