0 sats \ 0 replies \ @rockinhawke 4 Jun freebie \ on: What Holds You Back From Going 100% into Bitcoin? How about 120%? bitcoin
The biggest drawback is not being able to spend bitcoin. There are a few shops here or there but most businesses still operate in fiat. If it came to a point where I had the opportunity to spend more bitcoin than fiat, I would move closer in the direction of 100%. I think this is the biggest hindrance for most people.
Honestly I think it's a good thing since they want to encourage self custody. They're still providing solutions toward managing a self custody ln wallet within the blue wallet app.
I've created and closed several just trying out the different solutions available. Right now I'm at 2, not including things like SN. GetAlby (with Zeus connected for mobile) and Phoenix.
I think there is some confusion here. I'm not looking to take bitcoin for my business or work. I'm looking for ways to spend bitcoin (i.e. businesses that I as a consumer can support with bitcoin)
I think it's the wrong perspective to think nostr has a need to scale. Nostr is tailoring itself to a specific sub-group of people dissatisfied with the current state of twitter (and other platforms). It's not trying to compete for 'market share'. Thinking of nostr in that way is like thinking bitcoin is trying to compete on the NY Stock Exchange. It's not applicable.
GENESIS