Craig on Bitcoin on Nostr: The next phase of Bitcoin? Circular Economies. This is where Bitcoin is used as the ...
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?
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?