Joe Martin's avatar
Joe Martin 4 months ago
Yeah, I think the balances should be held in sats (shown in fiat) so the fiat number would go up and down and that would dawn on the artist that they're holding bitcoin which they can cash out to something like strike or hopefully go down the rabbit hole and want to hodl

Replies (2)

I think trying to build the idea of V4V and grounding this with Bitcoin as the only option may be a harder journey than allowing artists to choose their own currency. John Nash's game theory applied to Bitcoin will still work here. When fellow artists denominated in Bitcoin start to NGU, other artists will get jealous and start down the Bitcoin route. I think game theory beats preaching when it comes to Bitcoin.
Joe Martin's avatar
Joe Martin 4 months ago
But when you say their own currency, if you mean fiat you have all the same limitations as the traditional system we're trying to get away from and if you mean shitcoins, it's enriching some insiders somewhere and it's not a neutral protocol of value like bitcoin. It can be displayed as fiat' to the end users for easy calculation and recognizability but bitcoin under the hood to keep the openness and permissionless-ness. Think that's a healthy compromise but just my opinion