Everything is the Economy! \ stacker news ~bitcoin

One thing I have noticed that Bitcoin changed my view on the world:

Before I was annoyed by everything being about economics and finance. I was annoyed that Adobe switched from one time buying software to subscription. I was annoyed that everything costs money: go out to drink a beer? Costs money. Go to the cinema? Pricey! I was annoyed that it was impossible to have a good time without it being just fun without someone making a business out of it.

Bitcoin changed my mind on this. Everything is the Economy and it's awesome. Getting entertainment on Stacker News? Pay sats. Write something that provides value to people? Receive sats. Listening to a podcast? Value for value x sats per minute. This should be the future of the economy. I want the city to put a garbage bin in the park or the forest that pays sats for throwing trash away. I want to do small jobs on a craigslist-like platform for sats when I have an empty sunday. I want to be able to pay a few sats for someone to deliver groceries to me or mow my lawn when I don't feel like it.

Everything is the economy. Let those sats flow constantly through lightning channels. Embrace it!

4 sats \ 0 replies \ @CypherPoet 27 Mar 2022

Money is a facet of human language.

Economics is Human Action.

One of the main reasons I fell in love with Bitcoin is because it respects and -- when combined with the Internet -- manifests both of these truths like nothing else ever invented.

2 sats \ 1 reply \ @shaunpmartin 28 Mar 2022 freebie

The fact that a sat is so “cheap” (for now) and that you have to send 20-25 sats before you’ve spent $0.01 really reduces the friction and, far as I can tell, increases adoption of people willingly transferring economic value in a low-risk way.

I never really thought about the impact that payment processing fees have had on propping up this “gap” where something is either free or it’s a couple dollars at least. It feels like streaming sats & micropayments etc. are going to be a huge opportunity, bigger than most people realize.

0 sats \ 0 replies \ @ek 15 Mar 2023

And when a sat becomes $1, we'll have msats!