267 sats \ 4 replies \ @sime 24 Aug 2023 \ parent \ on: Why don't you spend your bitcoin? bitcoin
One school of thought is for Bitcoin to succeed there need to be a circular economy of Bitcoin.
Succeed in what way?
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Adoption. Pay for everyday things, use it as a currency.
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I'm not interested in that kind of adoption. It's not its time and there is no need to force it. Let Bitcoin unfold naturally.
Adoption will come as needed, starting from what is needed the most:
- store of value (take inflation rights away from the state)
- payments for illegal goods and services
- privacy, i.e. payments for things that are not outright illegal, but you don't want the thugs of the state to know
- payments to avoid theft, a.k.a. taxation in statespeak
Every stage will make the state weaker and the individual stronger. At stage k, the state will have been made weak enough to make stage k+1 viable.
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there are so many boneheads in this thread, yikes.
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