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32 sats \ 1 reply \ @thecommoner OP 18 May \ parent \ on: Property management built on Bitcoin bitcoin
So to me - that idea of giving a discount...is a FIAT model that has a place for sure but just not in Bitcoin over the long run....I mean if Bitcoin is truly replacing the base layer of money and helping to ensure that value is communicated honestly and openly, then the incentives need to be based on that layer...using FIAT models may work in some circumstances but in the end, that will lead to a race to the bottom...what happens when you can't give a large enough FIAT discount and get rekt....??? I just think this incentivizes both the business owner and customer to have some skin in the Bitcoin ecosystem and I really want to provide it in a way that is open and my residents (customers) don't have to "trust" me to be able to "return" the agreed upon appreciated split amount...
So to really blow your mind on this... Imagine the app allows you to enter into a smart contract for every transaction....the split % can vary as well as the length of time the contract is open for is variable....larger purchase price items (in FIAT value) are locked up for longer periods (think cars, boats, houses) and smaller (in FIAT value) items are locked up for shorter periods...think a case of beer or your groceries...yes...the supermarket could offer you a smart contract that your bitcoin payment could be locked up for 24 or 72 hours and if the FIAT value of your sats double you could get 50-60 hell 90 % of that purchase price back?
This definitely doesn't just have to make rent more affordable....this helps makes the world more affordable...and tell me that if you have the choice of going to a FIAT grocery store or a Bitcoiners grocery store....you aren't going to the Bitcoiners?
Eh....its probably nothing...but if its not - hold on to your hats boys and girls - this business model may be coming to a store near you sooner than you think....Now LETS FUCKING GO!!!!
You are absolutely right.
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