BTC for the masses \ stacker news ~bitcoin

pull down to refresh

107 sats \ 12 comments \ @edulopesf 20 Aug 2023 bitcoin

Some context:

I live in Brazil, we have a payment method called "PIX", 'kinda' of a Lightning for BRL (Brazil's FIAT Currency), it was success for the Central Bank, actually they are exporting the 'technology' to other countries, even USA is creating "FED Now" based on "PIX". Everyone uses.

Our current President creating a huge set of measures that will probably bankrupt Brazil's economy in few years, keep in mind we don't have the same robustness of the DOLLAR or EURO. We already have screwed up neighbors (Argentina and Venezuela).

MY QUESTION IS: How can we create incentives for people to use BTC? Are doin' something some sort of "marketing" to the real economy actors (especially small business)?

At least for now, it seems to be a niche subject, especially here... I'm thinking about producing 'social media videos', tutorials targeted for small business owners on how to use BTC...

view all related items

111 sats \ 2 replies \ @VEINTIUNO 20 Aug 2023

If you planing to create content.. please take a look at TWENTYONE.world ad create/collaborate-with your local community

0 sats \ 0 replies \ @edulopesf OP 20 Aug 2023

I didn't knew about them... Thanks

0 sats \ 0 replies \ @DarthCoin 20 Aug 2023

This is the way

23 sats \ 2 replies \ @03365d6a53 20 Aug 2023

having more places to spend would help.

you could offer to help local businesses get set up on btcmap.org, print stickers for their windows, create (and attend) local bitcoin events...

0 sats \ 0 replies \ @edulopesf OP 20 Aug 2023

it's a great tip, thank you... After creating some video content teaching the basics of BTC and Lightning I was thinking about printing some Flyers and deliver to small business and open markets around.

0 sats \ 0 replies \ @DarthCoin 20 Aug 2023

Good point

0 sats \ 2 replies \ @mallardshead 20 Aug 2023

Saving your money in bitcoin is an example of using it, and since it's a store of value on a long, difficult, and organic road to becoming a medium of exchange, the biggest incentive is to save it, which is the smartest way to use it, on this side of monetization. There's no hurrying this process along, like other projects think they can do by leapfrogging steps. Or like the myopic drivechain buffoons think they'll accomplish. Bitcoin's monetization to a global currency and base layer money is contingent upon the velocity of decline in the petrodollar, the expansion of green energy, how long countries can service their debt, how inflation reorganizes risk, how frictionless the BTC/USD pair becomes, and so forth.

On the other side of monetization, it won't be bitcoin's quote price that shines brightest, but its first principles, which must exist for bitcoin to exist.

As for current incentives to use it for businesses, if you're not a bitcoin-related business to begin with, or a darknet marketplace, or a business that needs to bypass some restriction, then there's no reason to use it other than to say you do. This will change, but several things must happen before it does.

100 sats \ 1 reply \ @edulopesf OP 21 Aug 2023

I have a similar theory... Basically, as worse the economy of a country gets, more incentives people will have to use BTC. I got your point about the 'petrodollar' but I don't think that It'll be enough to make people use for everyday businesses.

Take my country as an example, Brazil. Between 1900's to 1994 we switched many times between different FIAT currencies. Just a few had used dollar to counter balance the almost useless currency they had back there... My point is, even if US drops the 'petrodollar' it will keep creating mechanisms to impose dollar, and I think most of people will simply accept.

Also, for Bitcoin, there is a very specific characteristic... It's not imposed by anyone, the user must go after Bitcoin, not the other way around.

That's why I believe we need to teach others how to use it then they'll decide if it is good (or not) for their use case scenario.

0 sats \ 0 replies \ @mallardshead 21 Aug 2023

The US won't drop the petrodollar, it'll just fail to be useful because its utility is based on the ability of oil and fossil fuels to be the fastest expanding type of energy, which it no longer is in peacetime — green energy is. Don't put it past the dollar to form a more frictionless and intimate pair with bitcoin than it already has through 93% of bitcoin's issuance.

I like your idea of making content showing people the ways to use bitcoin. It will be important for countries with currency that already is, and currency that will become more volatile than bitcoin is. Also, don't let anyone tell you saving bitcoin is not using bitcoin.

0 sats \ 0 replies \ @03365d6a53 20 Aug 2023

having more places to spend would help.

you could offer to help local businesses get set up on btcmap.org, print stickers for their windows, create (and attend) local bitcoin events...

0 sats \ 1 reply \ @2bithits 20 Aug 2023

At most they need to understand it. So talking with people & sharing educational content us a good start. Give them a little on wallet of satoshi & let them play around with how easy it is. Experiencing it might get them interested & dig into learning more

0 sats \ 0 replies \ @edulopesf OP 20 Aug 2023

True... I have plan to make some video content about BTC and Lightning, Wallet of Satoshi shall be included now...

I think I can record everything and edit in a couple of days, then I'll proceed to print some flyers directing to the video content. Some people already know me around, maybe they'll pay some attention.. =)