pull down to refresh

1 sat \ 2 replies \ @DeltaClimbs 24 Sep 2023 \ parent \ on: "I can't pay my rent with bitcoin" they said. Here you have a solution! bitcoin
These services ARE FIAT, with a wrapper on top. You cannot get around that.
Store of value and STANDARD of value/contract are what bring adoption for the most part.
write
preview
1 sat \ 1 reply \ @DarthCoin OP 24 Sep 2023
Yes are fiat services. I agree with that. Are the same as I do for many years:
  • I have a friend that wants bitcoins
  • I gave him bitcoins and in exchange he's paying some of my fiat bills.
I am happy that that he gets rid of his fiat and remain with my BTC. That means I use "bad rails of fiat"? No, not at all, is even better because my friend take my BTC.
Same with these "services", they remain with part of my BTC. So is still a win and a start of bitcoin circular economy.
reply
0 sats \ 0 replies \ @DeltaClimbs 24 Sep 2023
If they want to keep some of the bitcoin, they will probably not use these tools. Maybe some of them keep part in bitcoin, but most autoconvert 100% to fiat.
reply