55 sats \ 2 replies \ @DarthCoin 29 Jun \ parent \ on: Why Jack Mallers Turned Down Life Changing Money for Strike lightning
Are all the same in the sense that are not fighting for eliminating fiat at all, but just perpetuating the use of fiat.
Yes, are commercial companies focused on profits, perfectly fine for that.
But I do not like when they mislead people and hypocrisy.
As consumers we have to critic them and not kissing their ass. Only like that we will have better services.
As I told that story few times here, about 2 shops, one accepting my sats and one doesn't.
I went to the "nocoiner shop" and I asked nicely: "do you accept payment in Bitcoin?"
The answer was "No". So I said: "fine, then I will go to your fellow merchant, in the street corner that already accept my sats and also is giving me a discount".
And repeating this few times, until after few months he finally start accepting BTC, seeing that his sales were dropping.
This is how you make the merchants to come up to the light, opening their eyes.
But if we continue to go and pay with Strike fiat, Cashapp fiat, venmo crap, Paypal fiat, VISA fiat and all kind of crap fiat methods, the merchants will never change.
I am really tired of all this stagnation and people just waiting for NgU, and still using fiat.
Like I said, and you said the US is screwed. NgU is what attracts people in the US.
In the US medium of exchange is not a big concern. The dollar is stable enough for most people. They have high time preference. They do not care about bitcoin as a medium of exchange.
In the US the bigger issue for the wealthy is their savings and wealth being robbed by inflation/fiat. This is why you see more focus on NgU. Most people do not care about self sovereignty. I would argue most bitcoiners do not either. At least in the US.
Bitcoin doesn't care. In countries that have even worse inflation and limited options for banking and peer to peer censorship resistant commerce bitcoin has more appeal. I think we agree Darth. I'm just not as absolutist about it. I live in the comfortable sheeple world. These are the people I know. I have tried to get them interesting in bitcoin. Most just don't care. They won't until they see the need. Greed is really the biggest tool to get them in the door.
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In Latin America the residents prefer to collect dollars including tether because it’s more stable than the peso etc
Even in El Salvador most people transact in dollars.
I think it’s a progression: peso —> USD —> btc
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