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We will eventually reach a point where small, local #Bitcoin circular economies merge with each other and the #BTC circular economy will simply be the norm. The overall economy will simply be Bitcoin oriented, operating at scale as the only medium of exchange or alongside another fiat currency. There is a very good chance that we will see this realized first in #ElSalvador. Not only are there already multiple local Bitcoin circular economies like Bitcoin Beach, nostr:npub17mx0ehx58tfjhq74cchjqzn8u9adlc3r27fr8akg0gavuwvjdtdq6u222d, and Bitcoin La Pirraya, but Bitcoin is also legal tender, it is being held and mined by the national government under leadership of nostr:npub1n6ycrxrap2872hxs9ffu4vfn42pfrccr7hevxat6gr39vdzn3nqq2ra474, the National Assembly, and the El Salvador Bitcoin Office, but Bitcoin education and financial literacy education are being integrated into the public education system, based on the nostr:npub17cyatz6z2dzcw6xehtcm9z45m76lde5smxdmyasvs00r4pqv863qrs4ml3 curriculum and model. This last point receives far too little attention. It assures the resilience of the population and the scale-up of normalized use of Bitcoin well into the future. It is also very likely that the progress made in El Salvador over the coming years will cascade throughout Central America, with nodes of activity also being formulated by nostr:npub1tw4am7vzwl3akmyg4cwny27x8ltrwajrwrsate872gnpqnvzqd8s3f6nwr nostr:npub14f26g7dddy6dpltc70da3pg4e5w2p4apzzqjuugnsr2ema6e3y6s2xv7lu @AmityAge @bitcoinyucatan and others. A regional Bitcoin circular economy for Central America is just beyond the horizon, the reality of the next generation. Onward! image
2024-08-24 11:41:01 from 1 relay(s) 3 replies ↓
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I desire this. My struggle is wrapping my head around the “store of value” aspect of BTC (I want more of it as I don’t have enough yet to hit a particular financial solvable problem) Vs. Spend BTC as if it was “cash” for everyday purchases… Especially when very few means exist to transact directly in BTC bs fiat. —- Trying to reconcile via participation but not winning that game.
2024-10-19 02:33:35 from 1 relay(s) ↑ Parent Reply
Sounds good, but seeing it for yourself on the ground is a bit different. Literally everybody is using custodial lightning wallets, that means: - not your keys, not your coins, dependent on a third party to spend your money It also means no privacy, full surveillance through the lightning app providers which log everything and of course give all your transactions to the government if asked. Having been to El Sal three times and spent quite some time there with BTC people, i have strong doubts if this is going in the right direction, sadly.
2024-10-19 08:22:44 from 1 relay(s) ↑ Parent Reply