The next phase of Bitcoin?
Circular Economies.
This is where Bitcoin is used as the primary medium of exchange, store of value, and unit of account within a self-sustaining economic loop.
Individuals, businesses, and organizations all use Bitcoin for transactions, reinvesting it back into the system rather than converting it to fiat.
The goal is to create a closed or semi-closed ecosystem that reduces reliance on traditional financial infrastructure and promotes Bitcoin's adoption as a functional currency.
Here’s how it typically works.
Earning Bitcoin - People receive Bitcoin as payment for goods, services, or labor. For example, a freelancer might get paid in BTC for their work.
Spending Bitcoin - Those same individuals or businesses then use Bitcoin to purchase goods or services from others within the ecosystem, like buying coffee from a café or web hosting from a host that accepts BTC.
Reinvestment - Businesses accepting Bitcoin use it to pay suppliers, employees, or other expenses, keeping the BTC circulating rather than cashing out to fiat.
Hodling as Savings - Excess Bitcoin might be held as a long-term store of value, leveraging its deflationary nature because of the fixed 21 million supply cap.
Are you joining in next phase for Bitcoin?
Let's dive into the world of Nostr, a protocol that revolutionizes social networking and online communication by eliminating dependency of centralized servers.
Like Bitcoin is a money protocol where no one is in charge and it works.
Nostr is a communication protocol where no one is in charge and it works.
Join me on Monday, March 10th at the Bitcoin Manitoba
meetup.
Custodial Solutions Are Not Solutions - Matt Corallo gets to the core of what makes bitcoin everything that it is: self-custody. Without it, bitcoin is just another form of fiat.