It's an interesting point: maybe it feels like the little circular economies that have sprung up in places like El Zonte or Ekasi aren't moving the needle, but what if they are the places where people can work on the tools, infrastructure, and businesses that really will increase the scale of Bitcoin use?
I thought this part was interesting:
Bitcoin Circular Economy (BCE) builders must think bigger. And not in terms of numbers. BCE builders should NOT try to onboard and educate 5,000 merchants using existing tools. That would be inefficient and a waste of time.
What this means is the following:
BCEs can (and should) become factories themselves, even if they’re small ones. They should not remain forever completely dependent on outside funding. Instead they should innovate ways for people to earn, spend, and save in Bitcoin.
BCEs should themselves aspire to build tools that can scale Bitcoin. If BCEs can inspire factory builders (like Carel and Kgothatso) then BCEs can also produce factory builders. Even if they don’t meet that high bar, that’s OK, as long as they’re building.
The key question for BCE builders should NOT be:
“How do I raise more funding and get more donations?”
The key questions should be:
“While I’m fundraising and sourcing donations, what am I doing to build for sustainability?”
“Can I innovate new ways for people to earn, spend and save in Bitcoin?”
“Where can I partner with other BCEs and what can I learn from them?”
It's an interesting point: maybe it feels like the little circular economies that have sprung up in places like El Zonte or Ekasi aren't moving the needle, but what if they are the places where people can work on the tools, infrastructure, and businesses that really will increase the scale of Bitcoin use?
I thought this part was interesting:
Could it be that some of these BCEs spring up because the founders believe that they'd get funding?
I mean, as a source of livelihood or a job?