This coin business is not new…airlines invented it. Bitcoin is not the comparison here — it is in its own class - the hard money. Lightning makes it fly across the universe without any intermediary or permissions. Off ramps are available now and will not be necessary in (near) future. It is a matter of time the circular economy will happen. It may be within communities and countries to begin with and expand.
Discussion
Not comparing. Not gonna happen as soon as you think. Our off-ramps and on-ramps are crap.
Who is Patoshi?
What are Patoshi Blocks/Extra Nonce/Patoshi Pattern?
It is still early. After a while you don’t need that level of on-off ramps…circular will happen enough so you will not need to. Products like CashApp, etc. will come along to make it easier. It will take time and it is crappy now agreed.
We need a plug and play on/off-ramp into fiat solution for zaps to take off. Otherwise it’ll be slow rolling for a long time.
Yes. If it's competition to the fiat they'll make sure to make it more difficult.
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Is there a bounty for a Nostr-integrated fiat ramp?
Gradually, then suddenly.
Most bitcoiners will be shocked at the suddenness.
Up until now most people have been content working on an economy of worthless likes and views, literally engaging for absolutely zero in return. For people making a living off this kind of engagement, it’s not like they’re cashing out likes either. Their off-ramp to fiat is achieved by advertising partnerships and affiliate marketing.
So, while I agree the off/on ramps need to improve, the current system isn’t easier by comparison imo.
Of course they are cashing out. That’s the whole point, to earn.
Of course people are cashing out, I just mean it’s not like it’s that easy for fiat either.
My main point though is that *most people* are just using social media to interact and have never earned a cent from it, so something like nostr, with this extra thing (zaps/lighting) is just a sweet bonus.