243 sats \ 4 replies \ @BlokchainB 3 Jun 2023 \ on: Onlyfans has 50x more revenue than Substack. Why don’t we built a ⚡️ version? bitcoin
I’m pretty sure if the prices of goods and services were denominated in sats and not dollars this would change on a dime.
People want dollars because the things they want and need are priced in dollars.
lmao. If common goods and services were priced in bitcoin things would be very different
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Needs price discovery. How many Sats are you willing to pay for a gallon of water?
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But that would be a great way for them to stack KYC-free sats.
Typically only a fraction of one's income goes into bills and other little stack-reducing necessary evils, the rest is sat stacking.
If you're making $300k on OF, it's better to get that in sats and sell let's say $25k worth for dollars to pay your everyday expenses, than to get $300k dollars and have to buy $275k worth of dirty KYC sats (or actually much less, because the mafia a.k.a. the state takes its cut).
The platform could also pay its employees in sats. And operate completely outside of the compliant economy, possibly in a jurisdiction that doesn't give a hoot.
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I think this will work in the long run but now people just don’t care especially in the fast life of sex work. Not trying to talk in generalizations but think of the type of person who leaves a decently paying nursing job paying 5-7k a month to make 15k a month on OF selling themselves. I have a hard time believing they are thinking many years down the road thus the last thing they care about is getting BTC and can’t buy anything or use it anywhere.
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