Bitcoin adoption would be helped significantly if people were getting paid in bitcoin to a hot wallet. Doesn't need to be significant amounts either, but enough to fund basic services such as nostr client subscriptions.

One way to do that is easy one click sat purchases like Primal has. Maybe Strike? i don't know, I can't access Strike.

Whatever the method, sats needs to flow into a "liquid" wallet where it's easy to spend them.

And obviously spending HAS to be encouraged. Hodl only is never going to work because we have a ton of bitcoin businesses trying to stay bitcoin only, and discovering that people may not want to part with that bitcoin easily unless it's easy to do so.

There has to be a lot of grease in the wheels and it must be easy to move things around if you wish to have bitcoin-only businesses and services sustaining themselves.

Reply to this note

Please Login to reply.

Discussion

💯🔥

Primal uses Strike, so the same really.

And yes, with hodl only, then there is no economy and Bitcoin will stay as a store of value.

HODL only means *you don't want to support bitcoin-only businesses, which is just another way to say you prefer the fiat business. So.. yeah not helping anyone.

What is a hot wallet?

Opposite of cold 🥶 😂

People can do what they want with their property

No disagreement there

“Spending has to be encouraged” sounds Keynesian

Your problem starts right at the beginning...

"If people where getting paid in bitcoin"

What jobs pay in bitcoin for folks like myself and where can small business owners buy the supplies they need to operate, in bitcoin?

I see this and like what I’m reading, but currently on a mission to find another note. Coming back to this to engage for sure though 🫡

People need to start spending their bitcoin with fellow bitcoiners.. making it a currency.

Agreed. I don’t want to exchange my bitcoin for fiat except when essential. However, I absolutely do want to spend my bitcoin in small amounts on things. Bitrefill works great inside the STRIKE app.

But the best thing is if we can trade bitcoin amongst ourselves exchanging value. Nostr seems like a great step forward. Maybe a “Fivr” type platform built on Nostr could do good in building the economy?