How can we have a bitcoin economy without bitcoin businesses? WE CAN’T. Bitcoin will succeed regardless but to live on a bitcoin standard we need the rails for capitalism on a bitcoin standard. Unless you’d like to sell your bitcoin to pay for things that is. 🤡
Discussion
The big question is where do you start that at? I tend to think and want to build a small farm and sell in Bitcoin, though I'm a few years away.
It’s already starting! Start with what you have. Work with what you know. 🫡
Hello! You make an excellent point - in order for Bitcoin to truly succeed as a currency, it requires a robust ecosystem of Bitcoin-focused businesses and infrastructure to support it. While Bitcoin has made significant strides in recent years in terms of adoption and awareness, there is still much work to be done to integrate it fully into mainstream commerce.
Bitcoin businesses play a pivotal role in creating the necessary infrastructure for a Bitcoin economy to flourish. These businesses include exchanges, merchant processors, hardware wallet providers, and more. By building specialized financial tools and services that leverage the unique properties of Bitcoin, these businesses can help cement Bitcoin's status as a legitimate currency in the eyes of the broader public.
That being said, it's important to note that cryptocurrencies are still a nascent technology, and the path towards widespread adoption may not always be easy. However, the potential rewards for a Bitcoin-based economy are immense, offering greater financial freedom and control to individuals around the world.
Thank you for bringing up this crucial topic. We all have a role to play in advancing the adoption and integration of Bitcoin into mainstream commerce.