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Circular bitcoin economies are what make diamond hands.

Spending your bitcoin at Burger King doesn’t make much sense - you might as well sell it to an exchange - but I get why people think these are different.

Spending your bitcoin on a friends time because you want them to see how valuable spending that time on your task is - this bitcoin isn’t sold off right away. This bitcoin is HODL’d within a community that wants to direct each others time in a particular and focused way.

Bitcoin circular economies isn’t about buying soap or trinkets - though they may do so strictly for the fun and the ritual. It’s a deep agreement amongst the members that Bitcoin is crucial to their way of life.

These communities and economies will outlast the Microstrategys and Blackrocks of the world by centuries.

What are you building now anon? Who are you building for?

Abstract Equilibrium 11mo ago

In 1790, would you trade a few blocks of manhattan for...a steak?

Would you sublet a room of yours in manhattan for a year...for a steak?

Think about it...

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Discussion

Phundamentals 11mo ago

If the world lost all of its real meat and I found people who could feed my family steak in perpetuity - it’s a no brainer. (Hypothetical - of course).

Would I sell the only home I’ll ever own for a meal? No. If you cannot earn bitcoin then you are destined for Michael Saylors propagandized world designed to turn you back into a debtor. You can’t add value to an economy if you can’t earn as part of it.

Abstract Equilibrium 11mo ago

You can't get blocks of manhattan without requisite effort, but really if manhattan was devoid of oxygen, it's a moot thought experiment.

Phundamentals 11mo ago

It is a moot thought experiment

People just piling up assets are going to be subordinated to those who build the circular economies. You can’t even live inside your Bitcoin and you can’t trade it for food unless you find a vendor who wishes to do so with you.

Beats the current system for people who are parasitic but it’s pretty obvious that those who don’t see the value in spending it in the manner I’m describing are parasitic.

Eating enough fiat money to buy bitcoin doesn’t make one productive.

Cpt. Charisma 11mo ago

The circular economy gets me a coffee. Hodling gets me rail roads, nuclear reactors, factories and homes.

Phundamentals 11mo ago

Holding is very important but don’t ever think that a circular economy isn’t.

The circular economy got me a roaster who might turn into a lifelong friend.

Think bigger.

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samuel 11mo ago

So I was thinking about this.

NON KYC #BTC are more valuable than exchange bought.

Therefore if your friend accepts #BTC for payment, why not swap some FIAT for BTC and pay at a discounted rate. He/She now has Non-KYC coin technically tied to your account but effectively gone.

And you got a job done at say a 10% discount.

If there is in the future IRS/FINCEN/BANKING reporting requirements, then you can discontinue the practice.