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Craig on Bitcoin
OnBitcoin@primal.net
npub1tjjv...44cz
Building On Bitcoin. Mining, Lightning, Nostr, Open source & survival strategies. Building 👉 BiTHELM & the Bitcoin Manitoba Meetup
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OnBitcoin 1 year ago
The Lightning Network ecosystem is growing. 🚀 image
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OnBitcoin 1 year ago
Everybody alive today compared to everybody who has ever lived image
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OnBitcoin 1 year ago
Retail stores should have more chairs for men to sit and chill in.
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OnBitcoin 1 year ago
Come join us on Monday, March 14th if you live in Winnipeg Manitoba. image
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OnBitcoin 1 year ago
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?