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ODELL 2y ago

From my archives, May 2020:

"As mentioned, the biggest issue is the fiat side of the equation. The bright side is that as bitcoin adoption increases, a circular economy should develop reducing the need to interact with fiat at all. Those who wish to accumulate bitcoin will either earn it or accept it in exchange for goods and services leveraging self sovereign software stacks such as BTCPayServer. Most won't buy bitcoin – they will earn it. Most won't sell bitcoin – they will spend it. This reality will take some time to develop and I think we must be able to provide KYC'd users decent privacy - without losing auditable supply - until we bootstrap a circular bitcoin economy."

https://www.discreetlog.com/why-bitcoiners-should-care-about-using-bitcoin-privately/

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captjack 🏴‍☠️✨💜 2y ago

only then become real users - not brain washed by GBTC Blackrock VanEck ...

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rare 2y ago

The more users, the more coins circulate, the bigger the anonymity set.

Macro view, spending in a circular economy is the biggest coinjoin of all time.

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SatsMan 2y ago

💯🎯

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Rasha 2y ago

I Don't preffer sell bitcoin

I preffer exchange bitcoin to goods

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UNCLE ROCKSTAR 2y ago

nostr:npub155m2k8ml8sqn8w4dhh689vdv0t2twa8dgvkpnzfggxf4wfughjsq2cdcvg continuing to build necessary FOSS tech... and document it. Last week published: nostr:note13dmg7994ca5grjgg0ju28784uvyrckfn3kewsqqgjxmrhlpj4x9ssy6wpe

More posts like that coming up!

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PaddleManJoe 2y ago

I have KYC and non KYC stacks. KYC is for fiat liquidity medium term. Non KYC is for the forever Bitcoin economy, need to put it all through whirlpool at some point.