pull down to refresh
3 sats \ 5 replies \ @03479d0ee6 29 Jan \ on: What does a Bitcoin standard look like to you bitcoin
I consider living on a bitcoin standard if I can pay almost everything with bitcoin directly, sure you can buy vouchers or use things like bitrefill, but that is just converting bitcoin to fiat before using/buying a good.
Sure I agree, but how do you quantify that 25%, 50%, 80%? What I mean is all these things are coming sooner than later or they are happening gradually rightnow, rather than wait on hold enjoy it today.
We will always be using vouchers for a long time, that's not the issue, the issue is the base layer money or into what are you saving your net savings income, in other words your reserve money.
reply
Most bitcoiners are already keeping a large percentage of savings in bitcoin only. I don't consider that living on a bitcoin standard. You should use it, spend whenever possible, you would have a savings btc wallet and a spending one. Today we mostly have to get workarounds like vouchers, that is ok, since you would have almost no fiat, but that is no different from selling some btc for fiat and then buy what you want. When I give some btc as gift one of the questions I get most is, ok, but what can i do with this? Where can I use it? And for me one can say that lives on a bitcoin standard if you not only save but can live, spend in many places, let's say Macdonalds and Uber accepted btc, now you can get almost any food, and rides using only btc.
reply
Good points and I agree but people didn't need to carry a gold wallet around with them for payment all the time.
reply
That's bc of golds shortcomings, portability and divisibility. Bitcoin doesn't have those, it has others like block time and fees. What will happen is most of the time people will use custodial solutions, but it's still bitcoin.
reply
Ah ok
reply