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0 sats \ 4 replies \ @spiderman OP 11 Oct \ parent \ on: What Are the Oldest Continuing Bitcoin Circular Economies? bitcoin
When did you go to the jungle and beaches? As in, has there been a substantial bear drawdown since then? To me, it seems unless a BCE survives a prolonged bear market, it has not proved itself.
These communities started before the last major bear market, and thrived through it. I went to Bitcoin Jungle in 2022, and Bitcoin Beach in 2023.
The problem for these communities is that many of their supply chains are not accepting Bitcoin, so they have to convert to dollars at some point. What we need to see happen is complete supply chain loops using Bitcoin. This way, price discovery can happen without taking fiat into account whatsoever. I believe this only happens when enough people stop accepting fiat because of how poor it is as money. And I believe this happens when enough people who already know get loud enough and lead by example. (which isn't really happening in the Bitcoin community. Here, it's just NGU maximalists pretending to hate fiat, but gladly using and accepting it daily)
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I spoke about the perceived pain of real adoption and also reasons for hope in here. Yes, I agree, the statement, which is also why the best metric of adoption is not necessarily the small and humble circular economies (running in some idyllic tropical resort or forest), but the big guys with serious warchest (capital) to influence the rest of the commercial world.
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Would look forward to your trip report, do you vlog on YouTube or share elsewhere on the internet, by any chance?
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