pam on Nostr: Yes. On Mining - needs to be simple enough for anyone to use, maybe as simple as ...
Yes.
On Mining - needs to be simple enough for anyone to use, maybe as simple as arduinos that my 12 yrs old nephews in a 3rd world country are comfortable with. Maybe with nano tech mining chips, easy-to-integrate circuit boards, and simple coding, anyone can participate.
With more users, there will be more innovations around it globally, and new markets to explore. For example, entrepreneurs can put together a mining box, and collaborate with home developers to ensure every new house build comes with a bitcoin mining system in various countries. Maybe innovate clean energy converters to be integrated with home-based mining systems or sold as accessories. Innovations are plenty. The risk though is that large groups of miners may dominate, restricting smaller miners.
On custodial mints - I've been critical of the token economy but respect those who believe in its potential. They need to prove its worth with real use cases in society and low risk .
On global currency - Bitcoin has the potential to become a global currency, but only if people actually use it. I doubt tribal chants are as effective.
On various use cases to expand user adoption globally :
1. Foreign workers globally : Remittance is an issue, but these days, the bigger struggle is often limited access to KYC’ed digital wallets within the country they are working in.
2. More Bitcoin integrator to online commerce, to foster competition which will boost innovation.
3. Encourage micropayments via Bitcoin. Nostr zap that Will created can be used by various gamers on iOS as a Bitcoin micropayment.
4. Maybe explore widespread adoption in Vietnam and Mexico or other main US import countries - which would strategically encourage its acceptance in U.S. imports for small business owners.
5. Someday when I am in a more comfortable position, I want to focus on small manufacturers globally to overcome hegemony trade - small business banking globally is a pain.
The possibility of exploring various use cases for global adoption and making a business out of bitcoin is endless.
Why people don’t see this beats the hell out of me. We need less focus on glorifying influencers and more effort put into meaningful work in this space
On Mining - needs to be simple enough for anyone to use, maybe as simple as arduinos that my 12 yrs old nephews in a 3rd world country are comfortable with. Maybe with nano tech mining chips, easy-to-integrate circuit boards, and simple coding, anyone can participate.
With more users, there will be more innovations around it globally, and new markets to explore. For example, entrepreneurs can put together a mining box, and collaborate with home developers to ensure every new house build comes with a bitcoin mining system in various countries. Maybe innovate clean energy converters to be integrated with home-based mining systems or sold as accessories. Innovations are plenty. The risk though is that large groups of miners may dominate, restricting smaller miners.
On custodial mints - I've been critical of the token economy but respect those who believe in its potential. They need to prove its worth with real use cases in society and low risk .
On global currency - Bitcoin has the potential to become a global currency, but only if people actually use it. I doubt tribal chants are as effective.
On various use cases to expand user adoption globally :
1. Foreign workers globally : Remittance is an issue, but these days, the bigger struggle is often limited access to KYC’ed digital wallets within the country they are working in.
2. More Bitcoin integrator to online commerce, to foster competition which will boost innovation.
3. Encourage micropayments via Bitcoin. Nostr zap that Will created can be used by various gamers on iOS as a Bitcoin micropayment.
4. Maybe explore widespread adoption in Vietnam and Mexico or other main US import countries - which would strategically encourage its acceptance in U.S. imports for small business owners.
5. Someday when I am in a more comfortable position, I want to focus on small manufacturers globally to overcome hegemony trade - small business banking globally is a pain.
The possibility of exploring various use cases for global adoption and making a business out of bitcoin is endless.
Why people don’t see this beats the hell out of me. We need less focus on glorifying influencers and more effort put into meaningful work in this space