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I need help with this 1 stupid "world changing" idea... who's in?
1672 sats \ 12 comments \ @thecommoner 15h builders
OK y'all - I am a freaking dummy and I admit it!
This stupid idea I have about developing an app and starting a non-profit and changing the world, really is just not gaining the momentum I had hoped it would...(likely because I have not dedicated the time it needs to grow) and because I can't seem to focus on it - (likely has something to do with having a full-time FIAT mining job complete with employees who depend on me as well as a family (that also depends on me))!
I have continued accepting Bitcoin for rent from one of my residents.... I have continued to give them a 50/50 split of any price appreciation in USD terms for upto 6 months after they pay that rent.... They have saved about 1600.00 over the last 18 months - so i consider that "proof-of-concept"
I guess the next step is to scale it up -
So - with that in mind
I paid a developer in Australia to start working on an app in NOSTR (maybe a bad idea but I guess I like making things difficult?) anyway - he put together the skeleton of an app called SHARZSTR that should allow people to sign in with their npub and pay an invoice and have the site track the "value" and the split amounts with a simple agreement....but I think it is a bit ahead of its time...I think that might be for like level 100 bitcoin wizards and not level 3 newbies so it probably needs to be all KYC and shit to make it scalable in the near term? (what do you all think?)
https://v4gs4og4w8owkcws4skg0g48.watkor.com/dashboard
That will take you to a log-in page for what he put together - but it is pretty basic I think and it is difficult for me to even fully understand as I am a level 4 newbie :) but I think I need way more help bringing this concept to the people in a way that is better incorporated?
Also - if anyone has a friend that is like a researcher or works at a think tank for real estate and/or finance and has a Bitcoin slant...please ask them if they have any interest in digging into this concept...
I just can't shake the feeling (after sitting with this for as many years as it has been now) that there is something kind of special here... It just seems so difficult to set aside the lifetime of "knowledge" in finance and savings and real estate and think about it with the end in mind (having the Bitcoin standard being that end)...this idea runs counter to all of that (on a FIAT standard) and that is why I guess I am stuck on it...
anyone want to talk it through with me?
much Love and appreciation
write
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111 sats \ 1 reply \ @supratic 14h
Man, make the code open source, upload it on GitHub or somewhere and share it with the world for feedback. Don’t let this go into the grief of regulations and profit driven bs.
This look’s to me a smart contract manager app! Anyway, before using the app, landowner and tenants need to agree on the terms that you defined, mostly the owner paying back difference in sat if BTC price in fiat appreciate.
There’s probably space for this in El Salvador, maybe Costa Rica (Ask @Paulinthejungle, is at ~AMA right now #951893) where some people is already paying rent P2P in BTC, with no KYC.
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0 sats \ 0 replies \ @thecommoner OP 10h
Absolutely - it will be open source - I will need to reconfirm with Ray Buni - I don’t think he is on SN yet but he is on NOSTR so who knows - and I will see if I can get a hold of @Paulinthejungle … that would be the shizzle
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42 sats \ 1 reply \ @DollarBill 12h
I like the idea and would like to discuss it with you although I think the other guys and yourself already brought a valid point forward, it probably is too soon since the majority of people still being sceptical and holding back to take the first step into the change in the digital evolution. Anyway still up for a good discussion about it and the possibilities, you can always give me a shout.
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0 sats \ 0 replies \ @thecommoner OP 11h
I am absolutely up for a chat!! Do you have a preference on communication channels?
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42 sats \ 0 replies \ @Nzowashua 13h
Yes, your idea is good and interesting. Main thing is to start making that myth into reaction. As long as you have got an idea then its possible
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42 sats \ 1 reply \ @grayruby 14h
@remindme in 6 hours
I have some stuff I need to do this evening but I want to read through this and give you a thoughtful reply so I will check back in later when I have more time.
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0 sats \ 0 replies \ @thecommoner OP 11h
Well it’s only been about 3 so far I think :)
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42 sats \ 2 replies \ @Undisciplined 15h
It is interesting, but there are probably only about 12 people in a position to apply it.
Sometimes I think about the related problem of how to define a bitcoin standard salary that scales with purchasing power somehow.
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38 sats \ 1 reply \ @thecommoner OP 10h
Yea - it’s crazy to think about…
The only risk is Bitcoin failing…
If you can accept that Bitcoin is going to continue increasing in value over time…
Then there is no downside!
In my mind this equates to the this new monetary paradigm…where you literally change the thinking from save or receive a discount now to one of-share in the appreciated value in the future.
Bitcoin completely breaks the Time-Value-of-Money formula…
Instead of the present value being equal to some future value plus interest… the present value is less than the future value given a variable time frame
This seems almost blasphemous
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0 sats \ 0 replies \ @Undisciplined 10h
There's no downside for me, but no employer would want to hire me for something like 1 BTC per year for the indefinite future. At least not an employer with any sense.
My thinking is that it the fixed rate would have to be at an anticipated future valuation for bitcoin and some sort of profit sharing or commission would make up the difference. It's a tricky problem though.
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0 sats \ 0 replies \ @Thisdaystacker 6h
You've really got a big project under your sleeves, it'll be massive when you're finally done with it. Well done.
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0 sats \ 0 replies \ @grayruby 8h
You have a good idea here but it might be ahead of its time.
How are you enforcing the contract? How is the bitcoin held once received in order to enforce the contract?
It's a great deal for the payer because they have only potential upside and they are paying anyways so they just use fiat buy bitcoin and wait to see if they get any money back. The receiver on the other hand doesn't get the bitcoin until the end of the contract term. Maybe they don't care because they are hodling anyways but if they need liquidity for any reason they can't sell or use the bitcoin as collateral.
My suggestion is to try to get others to pay you this way to further prove the concept so you can see what kind of roadblocks and issues you might run into. You can still work on building out your app. You are just the beta tester.
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