Replying to Avatar Code & Psychology ⚡️

💡Controversial opinion💡

I think we shall spread bitcoin without telling it is bitcoin.

Why?

* BTC has bad reputation because of crypto

* BTC has bad reputation because of price volatility

* Anyway most people only care about utility, and not how things works.

So maybe we could have:

* new PayPal, Revolut, Wise app, that works with zaps at the backend

* you can topup your wallet with fiat, that is shown as fiat in wallet, but stored as btc

* you can withdraw fiat from wallet

* you can use the app as a lightning wallet

* put that it is a btc app in EULA that noone reads anyway... So we don't lie to anyone. Anyway we don't even know how banks and these payment apps hold our money...

I think this way, people would use it more.

A big unsolved problem for this idea in my opinion is the volatility. Because if we show money in fiat, instead of btc, it will change in value. So we need a way to have less or no volatility. I think @calle had an idea to solve volatility issue with futures maybe?

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threeseries 2y ago

Is this pretty much what Strike is?

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Code & Psychology ⚡️ 2y ago

Let me check strike! Thanks for the tip.

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