10 sats \ 2 replies \ @k00b 10 May \ on: Orange Pilling Has Stopped Working bitcoin
It’s just that affluent Westerners are a more effective way to move the market and propagate the technology. They’re the gateway drug, the beachhead to mainstream adoption. But yes, changing the whole world and improving the lives of everyone in it with bitcoin remains the ultimate goal.
Yes! Most things seem to follow this pattern. I remember when there was a lot of talk about a bitcoin phone last cycle, and how to make it cheap so it could be used in developing countries, and I was like "make it $2k and sell it to everyone that already attends bitdevs first."
Make it expensive. Make it excellent. Then make it cheap.
Like connecting gig drivers to passengers directly without Uber taking its cut. Like connecting artists directly to fans without Spotify and the record companies taking their cut. Like paying Dashers directly without DoorDash taking its cut.
I don't think these companies maintain their monopolies through the financial aspects of their products. They are just really popular coordination points. If we are going to disrupt them with bitcoin, we need to build better coordination points first.
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100 sats \ 1 reply \ @roy OP 11 May
Thanks for the feedback @k00b 🙏
Re the financial aspects of the marketplaces: these aren't easy to create, especially in a global expansion. If you're able to do it successfully, it definitely helps the popularity of coordination point. W/o this barrier, it's far easier (and cheaper) to offer different coordination points.
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10 sats \ 0 replies \ @k00b 11 May
Great point! Its far easier to create coordination points when the payments across it are permissionless.
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