25 sats \ 2 replies \ @Atreus 5 Nov 2022 \ parent \ on: Pure Evil bitcoin
Hypothetically, let's say they implement a full CBDC currency that blocks BTC transactions. There would be no more on-ramp from CBDC and no off-ramps.
How would we then onboard newbs into the BTC circular economy? It seems we would have to start making BTC donations for people to get started & that would be their initial on-ramp.
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126 sats \ 0 replies \ @21m 5 Nov 2022
In that scenario newbs would have to provide goods and services for sats.
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0 sats \ 0 replies \ @cryptocoin 5 Nov 2022
Back to using cowrie shells as a medium of exchange, I guess.
But I don't think cash will go away. The first extended power outage in a cashless society will teach that lesson.
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