42 sats \ 2 replies \ @DiedOnTitan OP 19 Jun \ parent \ on: Solving the Bitcoin Adoption Paradox bitcoin
Thank you. I appreciate the kind words. My conjecture is that normies will be among the last group to widely adopt Bitcoin as a payment technology with retail. The energy to orange pill normies and retail to use Bitcoin can be better spent identifying new business models where Bitcoin will be preferable to the incumbent fiat system.
A few ideas that have been percolating:
- Rebuild the email protocol on top of Bitcoin and require a 1 sat minimum payment to send an email which gets transferred to the recipient's wallet when opening. 1 sat is the starting point, but email senders can "zap" more than that to get more engagement. Quality goes up, and Spam is immediately annihilated liberating email from this massive and costly headache.
- Invent a browser plugin and decentralized infrastructure that optionally unblocks ads, but streams sats from the advertiser directly to the recipient's wallet in exchange to watch that Ad and disintermediate Facebook and Google from the equation. Unlock a trillion dollar industry and redistribute that wealth to the people that exchange their attention for sats.
These ideas, and others like them, are things the incumbent fiat system cannot easily support, but the stack with Bitcoin at the base can!
Great ideas. For your second point, https://addslice.com/ Slice is doing something close to that right now. The ads aren't good, and it doesn't catch all the ads one watches - but there is a fair amount of satoshis.
The email protocol thing is genius. I suggest posting a few jobs on SN if you need a team. I'm not technical, but I know people would love an email protocol where there is no spam or reduced spam - it seems like an idea that is just waiting to happen.
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The email protocol thing is genius. I suggest posting a few jobs on SN if you need a team. I am not ready to drop everything and start this business venture. But I would love to see it happen. I think it will. I think Bitcoin will become the base value layer of the Internet and new protocols will be built on top of it restructuring the Internet as we know it.
It will solve the spam problem and likely solve another major issue that will definitely grow with generative video: the deepfake problem. The timechain aspect of the blockchain can guarantee that a photo or a video, when hashed and stored as e.g. in an OP_RETURN in a transaction guarantees that that video or photo was taken no later than that point in time. We will see timchain datestamps used as a irrefutable evidence in numerous situations. The immutability of the timechain is a fascinating structure we now have that opens up new use cases and areas of research.
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