71 sats \ 7 replies \ @Coinsreporter 9h \ parent \ on: Why stablecoins and stablechannels are dumb bitcoin
This makes sense but then there's a problem of sudden price drop. The merchants and the manufactures don't get it because of volatility in price as well.
I meant if the source of a product starts accepting Bitcoin, there will be no problem for anyone. The money (Bitcoin) will start rotating in the economy. We'll start seeing an MRP in Sats on the products.
You should read I, Pencil by Leonard Reed. There are unimaginably many sources for even the most mundane products.
I think the wisest way to proceed is to keep making bitcoin easier to use for those who take an interest in it. It'll be a gradual and imperfect spread through the supply chain.
reply
I, Pencil
Good suggestion, I've always heard great things about that book
reply
Here's the pdf
It's hardly 10 to 15 minutes' read.
reply
It's pretty short. You could probably knock it out before bed tonight.
reply
Thanks! I'll definitely go through it.
I agree with you on Bitcoin adoption as well.
reply
Just read it. It's a great essay. Though, in order to digest it completely I'll need to read it again, perhaps many times.
Thanks 🙏
reply
Bitcoin is the stablecoin... but yeah is long way until shitcoiners and fiat maxis will get it.
reply