Subnostr

Yeah the average person could likley live of P2P but the market is fragmented AF, like if I want a specific currency or payment method there might not be liquidity for that, who in their right mind is going to waste time selling here and there, maybe getting vouchers, the friction and fees alone make it a complete waste of time for the average person

I have no issue with P2P I do use it, i just don't agree that its so easy to use, plus you have to deal with your fair share of scammers too, and your frequent traders you trust might not always want to trade when you need capital

Its a time, duration and size mismatch at the best of times.

StackSats.IO 2y ago

Agree with you, P2P is difficult outside of OTC. That needs to improve but it’s downstream of other avenues like small biz being exchanges.

Canada has Bull Bitcoin where you can unKYCed buy $1000 of BTC at the post office and post offices have famously had to pivot into all sorts of sidelines after email disrupted them.

In Aus we have “newsagents” as the catchall in every town that sells newspapers but also typically lotto, tobacco and accessories, cold drinks, sodastream refills, gifts, incense, they are the delivery point for various logistics companies, do passport photos etc.

In SE Asia I could see gold dealers who do currency exchange, metals, antiques, pawn, phone top-ups etc. taking on Bitcoin exchange.

What would this look like in Africa? Or Europe?

Feel like that’s needed before robust P2P exchange can emerge.

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Discussion

MAstr 2y ago

I was not saying it is easy.

But i think that at least everybody in europe should think before identifyinf an acount.

I think there will be a lot of taxation for Bitcoin.

So i would give everybody rhe advise to stay under the radar.

I did not trade any btc on exchanges for the reson that there might be a bailout tax in germany/europe in future.

This will affect also all btc accounts.

StackSats.IO 2y ago

Lol mate fuck taxes on Bitcoin. We’re here to separate money and state, not to appease parasites

MAstr 2y ago

Thats exactly what i talk about LOL

Exchanges in europe are regulated now and can be taxed.

TheBitcoinManual 2y ago

In Africa, we have plenty of Hawala men, people willing to do currency trading, there are also a host of informal shops that are willing to sell ou just about anything like your news agents, you can buy Bitcoin from them too, through vouchers that can be exchanged with Azteco, they are none the wiser they're just selling you vouchers which most people use to fund betting websites or buy airtime or data

Your max purchase is around $150

Getting into Bitcoin isn't all that hard, getting out/purchasing with it is harder, theres no way to really turn that bitcoin into stuff you want sure you can use vouchers like bitrefil but again friction with having another payment method

Currently my view is P2P markets will grow with stablecoin adoption, its the only thing that settles as fast as Bitcoin and issuers of stablecoins are pushing merchants to adopt it, and people are informally adopting it all over Africa.

StackSats.IO 2y ago

As a Bitcoiner I denounce shitcoins and pronounce stablecoins 😂 They’re a step on the path, enabled by Bitcoin. Shitcoins are enabled by the existence of Bitcoin too but they’re a dead end of fraud.

We don’t have Azteco widely in Aus, we need that at a minimum. It’s not in SE Asia either far as I know.

Getting this spread will bring more people to Bitcoin than P2P exchanges which tend to be for advanced Bitcoin users whereas easy onboarding is more important in other regions today.