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0 sats \ 0 replies \ @telcobert 2 Jun \ parent \ on: Bitcoin Jungle needs buyer adoption, not merchant adoption bitcoin
Too few bitcoiners "willing to spend bitcoin"
That's exactly the critical point: To "create Bitcoin spenders" businesses must pay workers in bitcoin, so they "earn Bitcoin". Workers must spend most if not all their earnings.
Economically, that can only work if we re-create the socalled "Wage Fund" in Bitcoin like we had in Gold Standard times before fiat.
It is fairly clear how this can be done and built.