Bitcoin Circular Economy \ stacker news ~bitcoin

141 sats \ 13 comments \ @Monotone 4 Mar 2023 bitcoin

I know that there are people who live only on bitcoins using the circular economy on SN. But the problem is that when setting the price for goods in bitcoins, people still tie it to the dollar, and this is not a real circular economy. It seems to me that you need to evaluate the goods exclusively in bitcoins, without relying on the dollar. Otherwise, you will still depend on fiat.

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25 sats \ 0 replies \ @cointastical 4 Mar 2023

It seems to me that you need to evaluate the goods exclusively in bitcoins, without relying on the dollar. Otherwise, you will still depend on fiat.

Here's a comment from another post regarding that:

I don't think we ever go from using a fiat metric (e.g., USD) as the unit of account to going to using BTC as the unit of account.

I think the price for a good or service will involve a calculation using the underlying data sources in real-time (or close to it). These data sources could include commodity prices, labor costs, property costs, and capital (interest rate) costs, etc. Then once that calculation provides a result, then that is what then gets spit out as the "price" ... in BTC, or in USD, or in EUR -- in whatever medium of exchange the buyer wants prices presented in.

When Bitcoin standard? #135614

100 sats \ 6 replies \ @fabiocoreia88 4 Mar 2023 freebie

Bitcoin is my only income and I am making a lot from sales

0 sats \ 4 replies \ @SouthParkHodl 4 Mar 2023

Wait you have a sale role and are getting paid commissions and salary in BTC? Would you mind sharing where you work?

21 sats \ 3 replies \ @DarthCoin 4 Mar 2023

Or you could use bitwage.com and receive any fiat salary straight into your BTC wallet. Or convince your employer to pay you in BTC.

1 sat \ 2 replies \ @SouthParkHodl 4 Mar 2023

I’ll check bitwage out. I used to use Strike’s similar feature. But I stopped and now receive fiat and buy peer to peer almost exclusively now.

11 sats \ 1 reply \ @DarthCoin 4 Mar 2023

It really doesn't really matter how do you acquire BTC. If you never go back to fiat, is just fine. Ideally is to be paid directly in BTC.

The whole point is to use less as possible fiat and more BTC. For more you use BTC as money, stronger will became and fiat will just die slowly.

11 sats \ 0 replies \ @TNStacker 4 Mar 2023

This is the way!

0 sats \ 0 replies \ @Monotone OP 4 Mar 2023

This is good)

11 sats \ 0 replies \ @DarthCoin 4 Mar 2023

You could start with this https://www.pricedinbitcoin21.com/

The value in fiat is just a reference, until it will be meaningless and people will not use it anymore.

4 sats \ 0 replies \ @purpurato 4 Mar 2023

The three functions of money will be accomplished by stages

Store of value
Medium of exchange
Unit of account

Bitcoin is barely starting the first phase and many people don't use it because they feel it doesn't accomplish that correctly (in the short term of course). Using it as a unit of account now is not going to happen, businesses would carry too much risk. I'm working now onboarding merchants to use it but it's difficult cause they don't see much benefit. A couple of years ago I was in contact with a CEO who wanted to buy for her company, the board wasn't very fond of the idea but it was done as it was a small amount for them, around $10 k. I wanted to offer them a solution for bitcoin PoS but they don't want to hear about that, they're somewhere in -30% of their "investment". I'm patiently waiting for the market to recover and will go pay a visit then.

0 sats \ 2 replies \ @deleted231216 4 Mar 2023

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100 sats \ 1 reply \ @DarthCoin 4 Mar 2023

Took me 1 year to convince my landlord to accept BTC for rent. Now I have even an agreement with him to pay all the rest of the utilities included in the rent, paid in BTC.

Also you should try to convince your local small groceries around you to accept BTC. I did that and now I have 2 that are fighting for my BTC, each one trying to bring me anything I want, only to pay them in BTC.

I literally live only using BTC from 2018. No more bank accounts and other bullshit.

Is not that hard to convince them, just take time and patience.

0 sats \ 0 replies \ @Monotone OP 4 Mar 2023

Cool experience