Nostr Web Client

Not sure what you mean, but I don't personally prefer wishful thinking, on the other hand there can't be a "plan" in a distributed system. The best one can do is think about the problem, possible solutions then cooperate with others to build these solutions.

My current thinking is; maybe if Bitcoin can scale much better, it would be used more for internet commerce, at least as much as Tether is being used in developing economies, which makes KYC chokepoints less destructive.

If you think this is a red herring, and a scalable private Bitcoin won't make a dent, please explain what do you think the main problem is? And what do you think we should do instead.

I can make a counter argument to my own argument; people want fiat not Bitcoin because they have to pay taxes.

But honestly that doesn't make sense for Internet commerce, at the very least not for digital services where the entire market can be ungovernable because it is hard to observe and meter... stuff like VPSs and VPNs, SaaS and apps etc.

Nuh 8mo ago

As for the real physical economy.. that is a bit more tricky, but at least where I live, even businesses that pay taxes, would still prefer taking cash, so why can't Bitcoin win if it had as good UX and as good liquidity as cash?

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Discussion

frphank 8mo ago

You need stable prices first, everything else is a gimmick.

Nuh 8mo ago

I again disagree, but maybe because I am much more of a saver than spender.

But I really do think stable prices are not that hard nor do they need central authority, at the end of the day stability of Fiat is just a small part of businesses concerns, the rest is hedging against volatility of prices of inputs, which is not done by central planning, but through futures, and I see no reason why can't there be Bitcoin denominated futures for the inputs of the digital economies.

There is also over collatorization and somewhat trustless oracles like the UTXO analysis thing...

Anyway, I think it is doable, but I don't personally care about it that much, if you do, I hope you will work on it instead of thinking it is impossible to fix.

frphank 8mo ago

> I hope you will work on it instead of thinking it is impossible to fix.

I already solved the problem. Fiat is the solution. End of story.

Nuh 8mo ago

Perfect.