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What kind of structure does the #bitcoin community see in the world, if things play out in any of the many proposed ways? Honest question. Help me understand what the world looks like after that kind of transition.

PSA I may have more questions for anyone who answers.

#plebchain #nostr #asknostr #pleb

Sergio 1y ago

There are two kinds of transitions, all at once or progressively. As it stands, we are in a progressive phase where businesses and people who value their time and energy adopt the bitcoin standard. The abrupt way would be something a kin to el Salvador but they aren't looking too bad; how ever you feel about their dictator doesn't matter because it's safe and prosperous ( from the outside looking in at least).

I really do picture small businesses and owners of small businesses and individuals adopting a Bitcoin standard because they're not going to want to pay the high fees and taxes. It's the only thing that makes sense to anyone that wants to get ahead and beat the current rate of inflation, if you believe the current CPI Which is probably double what they've told us.

It's only gonna remain gradual, until people start catching on, and then it's gonna be like a landslide of people that just adopt it. Kind of like when social media took off and myspace took off and YouTube and Instagram and Facebook and you know, all these other platforms ; TikTok. That kind of exponential growth in something that involves money, I don't think we've ever seen it at the scale at which it'll go.

The point of sales systems are already out and can be introduced into any of the current point sale systems and businesses. So it wouldn't be like changing from cash to putting in, you know, credit card readers and all these other complex things. When switching from analog to digital, all of the things that are digital that are in place can just be swapped for the bitcoin systems that are being built now. So it wouldn't be as drastic as changing from cash to putting in credit card readers and all these other complex digital systems like we did in the past. We would just integrate the PoS that we have for lighting and keep scaling it out.

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3ViLk/-\rMa 1y ago

So, the systems that we live inside of - employment, education, domestic life, etc - look similar but are operating on the basis of a different medium of exchange?

This is what I'm trying to get more clarity about. I don't expect any concrete answers. That's asking for the impossible. I'm just probing to see what thoughts are out there already.

There are some fundamental truths that apply to projects like bitcoin. Given the current landscape, those fundamental truths don't seem to be getting looked at. Maybe they are though. Maybe I've missed it and just need to ask.

Thank you for the thoughtful response.

Sergio 1y ago

Yes, we are operating on a different denomination of value. Once you can flip your denominator to btc (which isn't easy at first), your outlook on value will shift. You can start incentivizing commerce by discounting goods and services because of the volatility bitcoin provides. You can say, 10% off if you pay in Bitcoin for example.

Sergio 1y ago

It's hard to shift the current paradigm because be have been in the fiat denominated lifestyle since birth. People are comfortable in it. Until they aren't! That's why you look for alternatives. Bitcoin is a good alternative because it's capped in supply saving your time and energy in that undiluted unit of account gives you the paradigm shift needed to operate differently.

Sergio 1y ago

That's why having a bitcoin community helps. When people are willing to exchange in that unit of account it becomes easier.

3ViLk/-\rMa 1y ago

I've long held the belief that we need something new. Life circumstances prevented me from getting involved in this particular movement near its inception - which, it is what it is. I'm certainly not seeking out "ease of transition." Just trying to see the difference.

I think this calls for more contemplation on my part.

Sergio 1y ago

I would encourage you find a group of vitcoiners in your community and pay for goods and services with lightning. You ha e to use it and touch it in order to experience how easy it is.

Sergio 1y ago

Also, the nostr meetups are really cool. I wouldn't go to the "bitcoin" meetups. They are dick measuring contests.

3ViLk/-\rMa 1y ago

I plan to stick with it - if only in a minor way at first. It's still too early for me to decide. I'm of the opinion that the best place to "play" is where the clearest "rules" are - while keeping a watchful eye on the horizon. That's why I'm here to begin with actually.

Already been informally invited to a Bitcoin meetup. 🤣

poe😱 1y ago

Continue at your own pace, half the fun is trying to figure out the potential, where it falls short, where it can improve, and why it's so important to begin with. It's a complicated sequence of questions, application, testing things out. Stay away from the 'newer better stronger faster' garbage.

There's something to Bitcoin on so many different levels to so many people with different lifestyles.

To me it's almost like a global distrbuted language of value transfer, without the ability of one entity to change that.

... However thinking of it in terms of language, I've heard Bip39 seed phrases can be difficult to read in other languages... But that's way out of my league.