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705 sats \ 6 replies \ @nicosey 26 Mar 2023 freebie \ on: What's needed for Bitcoin to be ready? bitcoin
A bigger circular economy
Beat me to it.
We need more people actually using Bitcoin as a currency.
Otherwise it'll never lose its reputation as a speculative investment asset.
Nostr and SN make me very hopeful this is starting to happen.
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Nobody is going to buy bitcoin to then only turn around and spend in bitcoin when they could have just spent in fiat.
So what is needed for a bitcoin circular economy to emerge is for enough of us to insist on earning in bitcoin. That means when your fiat employer laughs, you walk. Who among us are that motivated? Few.
At least, for now yet.
In the meantime, however, in the absence of a plan to earn in bitcoin rather than receive fiat income, we should be working on a side hustle or some other plan that generates income in bitcoin.
Not an entrepreneur? Then find a way to partner with one and start building.
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Or, try to earn in bitcoin in other ways:
Freelancing platforms which pay in Bitcoin, and other ways to earn bitcoin.
https://cointastical.medium.com/freelancing-platforms-which-pay-in-bitcoin-e38be56166df
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Interesting point. I wonder how is getting paid in Bitcoin different from just buying Bitcoin immediately after getting pay check. Does it need to be non-KYC?
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how is getting paid in Bitcoin different from just buying Bitcoin immediately after getting pay check.
Well, for one, ... when I am paid in bitcoin, it is my employer who is paying the cost of acquiring (or exchanging to) bitcoin.
For another reason, ... because they can choke our access to the exchanges, but they'll have a lot harder time limiting our access to bitcoin when they need to force employers to no longer pay us in bitcoin.
And one big reason I personally want my (currently) fiat employer to pay me in bitcoin is that then makes the employer more interested in accepting bitcoin for payment (or otherwise earning in bitcoin themselves).
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What are the best stories of circular economies?
Any tutorials how to build one in first world countries like US?
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