Replying to Avatar Latrica

#Nostr family. I have a few serious questions…

The Great Depression of epic proportions is on the way. It will affect people globally. Bitcoin can be a solution out of this mess.

People will say, “Bitcoin fixes this.”

My question is…How? I’m willing to have an intellectual dialogue.

How many people in the world currently have Bitcoin? How many people are paid in Bitcoin? How many merchants accept Bitcoin?

If the average person around the world can’t afford to buy Bitcoin (even small amounts), how does the Bitcoin economy work?

In a typical economy, people work a job. They’re paid a salary (typically currency). And the currency is used to buy products, goods and services. The person receives the currency to pay for other things. That’s a basic way of currency moving in an economy.

If we want a Bitcoin #economy, do we use the same method? If so, who’s paying in Bitcoin? What companies are hiring and paying employees in Bitcoin? I’m aware there are “Bitcoin-related” jobs. But what about “regular” jobs? Perhaps we need more Bitcoin #businesses paying employees in Bitcoin. But then where do they get the Bitcoin to pay their employees? Buy some? Take out a loan? Is there a Bitcoin only *bank* that lends Bitcoin? Is it even legal? (I have so many questions! 🙃)

Every job I worked, I was paid in fiat. I personally have no desire to go back to *working* for fiat. If I do work for a company (and there are a few exceptions), I want to be paid in Bitcoin. I work for God now but there are a few exceptions in which I would work for an organization again. Furthermore, I would honestly figure out how to live a Bitcoin only life. I’m sick of this “financial system” scam.

What are some real solutions to get Bitcoin into the hands of more people? We know they want us dependent, depressed, and shackled to their system. How do we use our power to obtain true financial freedom? Please feel free to chime in.

#asknostr #bitcoin #bitcoineconomy #p2p

You need to look into the work the Human Rights Foundation nostr:npub17xvf49kht23cddxgw92rvfktkd3vqvjgkgsdexh9847wl0927tqsrhc9as are doing around the world.

Reply to this note

Please Login to reply.

Discussion

I’m fully aware of who they are. They do great work. But I asked specific questions. Would you like to answer one of them?

Latrica. I was in the middle of cooking a meal and didn't have time to reply in depth. Can I get a feel for how long you have been looking into #bitcoin ? The questions you are asking are great and can be answered but it depends on your knowledge level on how to answer them.

Hey. I’m just now replying because this message didn’t show in my notifications.

I’ve known about #Bitcoin since the early days. (2008-2009) My colleague told me about it at work. He was mining some. We both have math degrees and worked in a math related field. Moreover, we’re both knowledgeable in cryptography. I earned my math degree before Bitcoin was even established. So, when my colleague told me about it, I thought it was interesting. I then decided to learn more and stayed abreast about it throughout the years. My knowledge base didn’t start yesterday. 🙃 I’ve known about it before any book was written on it. I read a lot. Daily. With that said, I’m humble enough to say I don’t know everything in the world, which is why I’m always willing to learn.

Thanks for considering my questions to be great. 🫂 Hopefully more people will chime in. I specifically asked questions related to a *Bitcoin economy.*

When I hear people say, “Bitcoin fixes this”, I don’t hear real tangible *economic* solutions. I honestly don’t think some people are well-versed in #economics. Especially the global #economy and financial markets. And that’s ok. I don’t expect everyone to be an expert economist. Nor do I expect everyone to know how to solve a massive problem. A problem that is going to result in a Great Depression no one has ever witnessed.

Sometimes they don’t tie in the historical and current perspectives like the Bretton-Woods agreement, IMF, BIS, etc.

Add in multiple variables such as financed back wars, the military industrial complex, economic sanctions, control of trade routes/resources, devaluation of foreign currency, debt/loans, etc. and you quickly realize the GLOBAL economy is a HUGE tangled mess. So, how does one use Bitcoin to fix a tangled mess that didn’t start yesterday? Furthermore, this mess affects billions of people. With the Great Depression of epic proportions on its way, what are some potential solutions? I want to hear about innovative, creative, and *practical* solutions that can actually be implemented on a global scale.