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11 sats \ 9 replies \ @teemupleb 18 Nov \ parent \ on: Bitcoin Debit Card with NWC/lightning topups bitcoin
Because 99% of people still use fiat as a unit of account and for this reason there’s a product market fit
Then why are we even complicating anymore with Bitcoin, wallets, solutions etc?
Let's just use old fashion fiat rails and that's it.
WHY ARE WE HERE?
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The easier we make on ramp or off ramp, the more liquidity Bitcoin gains. In many countries, it is easier to buy and sell forex than Bitcoin. That is an abomination that these services can mitigate.
Once Bitcoin is liquid enough for on or off ramp, then it will be the default choice of people suffering from inflation, bank account freezing etc. Like you see in Iran, egypt, venezuela etc. people are dollarising to protect their wealth. Why not bitcoinising instead of dollarising? The challenge is on or off ramps.
So yeah, if another service makes Bitcoin easier to acquire or spend than fx, then bitcoin will have a better shot at replacing fiat under inflation or capital control.
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This is not bitcoinizing. It's just giving more btc to saylor.
You mention Venezuela... After 16 years and they are still shitcoining with all kind of stupid crap coins.
People are too stupid for bitcoin and these visa cards are the perfect example of stupidity.
My meme still stands
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You are thinking of Bitcoin as a revolution.
I think of it as an evolution, the strongest contender in the Darwinism among different forms of money. Yes, it is strongest, but it does not play out in one day/week/year, it is a decade spanning process.
As more and more people recognise the value of self-sovereignty of money, they will adopt (or die poor and hungry with stash of hyperinflated Fiat notes), but it will not happen tomorrow.
And, in the process, every on-ramp or off-ramp will be another small nail in the coffin of Fiat.
Venezuelans are shitcoining? Yes, because they are ignorant morons like much of the world. But not the smartest ones among them, they are hedging their bets with Bitcoin. There are at least two full nodes running from Venezuela, for example.
I delivered multiple Bitcoin lessons for total noobs, and the third question I always I get is
How do I get it?
The simpler the answer (again, for someone starting out), the better for Bitcoin.
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I delivered multiple Bitcoin lessons for total noobs
I wonder what kind of lessons you delivered, because from what I see you are posting, is mostly garbage fiat maximalism and very little knowledge about Bitcoin.
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Mostly on
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What is Bitcoin and how is it better than a bank account
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How to use on-chain coins (send and receive, with a mobile wallet)
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How to send and receive lightning
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How to swap between these two layers
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Tell them if they are serious about putting a large-ish stash, they should get a cold wallet
I am no Satoshi or Hal Finney, but I do it to make some extra cash out of these (obviously, I cannot ask them pay me Sats, because if they could, they would not come to my lesson)
fiat maximalism
I am a wealth maximalist, whatever the denominator. In my personal finance though, the unit-of-account is grams of gold! How about yours?
Why are you so angry at me and always up my ass dude? If you were in the same city, I would happily buy you a beer!
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Why are you so angry at me
I am not. I just don't like fiat maxis, especially those who pretend to be bitcoiners... From your total of 600 items on SN 80% is about fiat mindset. You have much to learn...
I always look into stackers history before commenting on their posts.
And that's why shitcoiners can't fool me.
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Did someone ever call you sarcastic?