Sometimes you need to know your Bitcoiner. Not every person is ready to deal with all of the headaches and hardships of being fully self sovereign with their sats right away. Some just heard about it and want to get involved to start their journey. Not everyone wants to run a full node just to get 10K sats for pouring a beer. Not everyone starts out as a Bitcoin Maxi on day one. What we need to do is give people the tools to succeed in the beginning so that they don't fail their journey too early on and end up Shitcoining or leaving altogether.
Discussion
It's the worst of fiat mixed with the worst of Bitcoin and you get no advantage of either. If you're giving up every major value prop of Bitcoin by using Strike and WoS what is the point? They obviously don't care enough then. Maybe some day they will. You don't have to run your own node to self custody Bitcoin or use it without permission.
I'm sure they can easily accept cash or digital fiat for that beer and it is much more accepted as currency.
I completely disagree, but that's fine.
https://github.com/libbitcoin/libbitcoin-system/wiki/Value-Proposition
Linking to GitHub as a solution just turned away 99% of the world.
Lmao. It wasn't a solution it was a description.
And most of the world doesn't really care about Bitcoin, it's a glorified stock market ticker to them. That's not the interesting innovative part of Bitcoin. It is a powerful tool for those who do understand it's real value props and want to use it for that. The rest is larping.
I can copy paste and save you a click if that's too hard for you:
"The value of Bitcoin over its alternatives derives directly from removing the state from control over both monetary supply and transaction censorship. Advantages include freedom from seigniorage, foreign exchange controls, and financial surveillance. These allow the money to be transferred to any person, in any place, at any time, without need for third party permission.
These advantages represent cost reduction through the avoidance of tax. Seigniorage is directly a tax, while foreign exchange controls limit its evasion. The state itself often claims political independence as an objective in the interest of limiting this taxing power. Financial surveillance limits tax evasion more generally. While Bitcoin cannot eliminate tax, or even necessarily reduce total takings, it represents a change in the nature of taxation. In any case, for those who consider the state a social good, the option to voluntarily fund it remains.
It would be an error to assume these advantages flow from the existence of a more efficient technology than employed by monopoly monies. The technology is far less efficient, yet it helps people resist state controls. It is this resistance that provides the value."