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Well, small businesses can accept BTC all they want, and it's not bad, caffes, gyms and others in small manufacrue or services, but if we don't get the big guys to accept it and make a circular economy we're moving nowhere. I am one of very few in my area that accepts BTC in person and on my webshop, but since I can't buy supplies with it needed to make the products or if just buying anything feels for a company or business as filling in immigration papers afterwards, the space will not move forward.
why is that? for me its the effect of good and bad money. As long as i have bad money to spend, there is no reason to let the good one go. Restocking good one after spending it makes me always lose some percentage. And refill the stack is always through high regulated KYC. I always feel they are comming after me. Europe has become a mega glass shithole and day by day it get worse.
Incentives to spend bitcoin: - feels like the right thing to do when supporting services/biz/people you love - you're too short fiat and have no other option - you put a lot of time in your node/wallet setup and its cool AF - fuck the banks/KYC - some privacy and security gains (when you know what you're doing) Disincentives for spending bitcoin: - massive opportunity cost - spend weaker money first - capital gains on every fart - privacy and security risks (when you don't you what you're doing) - limited acceptance - setup friction/malfunction As of today, spending bitcoin is for the tiny minority of tech adept early adopters who make a conscious choice to do so for any specific reason(s). Not spending bitcoin is for everyone else. This dynamic can change when there are better Bitcoin-only products and services built on exquisite/tailored Bitcoin experiences that scale.
Empty Block Behavior can balance as a natural byproduct when it happens unusually fast compared to either of its neighboring blocks. Almost all blockchains do this but only when EBB is seen more than 2 blocks in a row or having only EBB during 2 block time worth of IRL time before loaded block do we say that the empty block is a bad thing.
Exactly. Bitcoin is already a SoV, no matter what your local twitter influencer says. It’s time to reinforce the MoE part, otherwise the SoV part will lose its significance. Bitcoin that is not used as money fails as gold too. Pro tips: βœ… Spend bitcoin directly whenever you can, then replace. βœ… If you have an online store, consider running a BTCPay server or use someone else’s to start accepting Bitcoin. Woocommerce for WordPress got you covered with a plugin. βœ… If you have a physical store, with a BTCPay server that is completely free you can set up a POS on any phone or a tablet to start receiving Bitcoin via Lightning. βœ… Explore apps like Bitrefil or Bringin that allow you to convert Bitcoin to fiat at any merchant and any service provider. Not ideal because of KYC and jumping in and out of fiat, but it gets the needle moving. βœ… Use zaps on Nostr to advertise your business to Bitcoiners. Or if you’re lazy you can: ❌ simp for Saylor, Larry Fink and Donald Trump and wait for them to pump your bags (they won’t) ❌ complain about the fiat price of Bitcoin ❌ never learn how to use Lightning ❌ stay economy illiterate ❌ be a lil bitch