With privacy (no KYC), sound money and being unruggable (self-custody wallets). But in all honesty, they probably need to experience the issues of losing their privacy, and being rugged through inflation or otherwise. So I guess focusing on education where people do experience those pain points ... š¤·āāļø
Discussion
BOTH
This isn't just a normie problem. This is a Bitcoiner problem.
How do we get Bitcoiners to use Bitcoin as a medium of exchange more?
NOSTR and DAMUS specifically are great steps. Thank you for your work
Just been watching this. The identity of Nostr has a lot of promise. I like that peer-to-peer micro-payments is an area the existing legacy system has done successfully. The ability to zap-split restaurant bills, easily tip staff through a QR, are probably nice niche cases legacy doesnāt do well and the payment sizes and number can steadily increase to start infiltrating legacy payments.
*hasnāt
nostr:nprofile1qqsfvpc4r0g66gsxeqjhqlm2tqadntk3943k06kkym4jfg5ns7fe4tspp3mhxue69uhkyunz9e5k7qg4waehxw309ajkgetw9ehx7um5wghxcctwvsrnqh3f probably worth discussing NOSTR in this context too and why is so important especially as a way to introduce people/companies to the Bitcoin community
Open source or suck a butt
NGU. The less bitcoin is needed as a savings technology, the more bitcoiners will spend the bitcoin they have held.
Yeah but relying on that is a pretty cucked mentality. There is more too it than this
Not really. People spend more when they feel richer. Thatās basic economics.
I'm not arguing that point, I'm saying relying on that to solve our problems entirely is a cucked mentality
I strongly disagree on the basis of self-interest. Iām more likely to spend % of my stack on living for a year (or 4) once Iāve cleared the stress of saving for my future. Thatās why class of 2011-13 is living baller lifestyles with little care. Their stacks go a long way, so who cares about spending .05 bitcoin on xyz ā¦ they have 500-2000 btc left over.
But as far as spend and replace, there isnāt a killer app / experience that makes that worthwhile. Everytime Iāve tried to do the āhey will you take a tipping bitcoinā the onboarding process is awkward, usually requires KYC, and just is difficult to justify for merchants.
Also, taxes. Every time I spend bitcoin, I have to report taxes. And it is a pain.
There is far too much friction in the medium of exchange as it currently sits.
We should really be challenging nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m because he runs Block and they should set every single square and cash app vendor up on Lightning as a default.
You just made my point for me.
I was never arguing against the first paragraph of what you said, only saying that it was just a piece of the puzzle