Hello Everyone,
I am making a presentation to people that are not Bitcoiners, and also, some of these people can think that Bitcoin is like some of the other cryptocurrencies.
So, Instead of putting my use case of the real usage of Bitcoin, I was thinking of making this post
to collect real usage of Bitcoin from the community.
So, Why you are using Bitcoin? and What is your use case?
More here
https://darthcoin.substack.com/p/21-reasons-why-bitcoin-will-save
I would like to start by saying that a huge thing that makes Bitcoin not like "other cryptocurrencies" is that Bitcoin is a social construct of community design and consensus much like a digital version of the Isle of Yap stones (https://en.wikipedia.org/wiki/Rai_stones) whereas "other cryptocurrencies" are created by companies with venture capital funding and complete control over the protocol much more akin to company scrip (https://en.wikipedia.org/wiki/Company_scrip) or company shares (see comments from SEC chair Gary Gensler) than something a society would one day call money.
To that point, Bitcoin can be about belief and faith at first: https://www.youtube.com/watch?v=EPspYa8TLlA (faith). To explain how this faith in money is not the same faith one might have in religion, I would go back and point out that Bitcoin is a social construct and like the social construct we call "family" although some people believe family can only ever be biological, the idea behind the social construct of family is that family takes care of each other when the members within it are struggling and for that reason other people believe family can be just people who raised you, or even complete strangers as people find a new "family" within their social construct of what a family is even into their adult life.
To come back to your initial curiosity though, saving money is a real use case of money. For other examples, you might look to "bitcoin beach" wherein the use case was to make purchases of local goods for visiting tourists easier.
I just really wanted to drive home the point, that technology is not enough. Technology is not all that makes Bitcoin what it is. The social layer of Bitcoin can not be ignored as it is a huge part of the reason Bitcoin can not just be copied.
I loved reading this, I think I will take it! Thanks
I decided I wasn't going to continue using Paypal after last year, but I'd been using that to pay a tutor (in another country) for music lessons.
I tried a few alternatives that were supposed to work in the target country (Revolut and Wise), but my teacher was able to download the app, but was not able to get verified with either system.
We were able to make payments work on bitcoin via BlueWallet.
Small Businesses:Small Businesses:
Look at the lightning boosts in Podcasting 2.0, which have been a huge boon to content creators recently. A good specific example would be Jupiter Broadcasting, a series of tech podcasts run by @ChrisLAS. If you want a great explanation of how it has helped their small business then listen to this clip from a recent episode that they did.
Beating Inflation:Beating Inflation:
Savings technology is the biggest use case that individuals will be looking to. Give a good explanation of what inflation is, why it is so damaging, and why Bitcoin fixes it. That one really gets to people.
Libre Finance:Libre Finance:
Younger audiences take especially well to this use case. To do finance today, you need ID after ID, form after form, permission after permission. Bitcoin requires absolutely none of that. You can save and transact without needing to jump over hurdles put in place by governments and corporations.
Obviously there are a lot more, but those are good ones off the top of my head.
I think these briefs can be of help
Bitcoin has a limited supply: There will only ever be 21 million bitcoins created, and they’re generated at a predictable rate. Bitcoin is scarce and deflationary.
Bitcoin is open source: Anyone can contribute to developing Bitcoin in a myriad of areas including different Bitcoin software clients.