BigB on Nostr: #bitcoin #randomthoughts #asknostr Hello folks! Just got home. How's your Tuesday ...
#bitcoin #randomthoughts #asknostr
Hello folks! Just got home. How's your Tuesday going?
Was thinking a bit about how Bitcoin adoption could take shape in the UK while I was visiting some out-of-town family members earlier today. Lol. Yea, I was a lil' bored but the little one had a good time 🤷♂️🫡.
For me, I view it like this: it could replace the pound (obviously such a scenario will not promptly occur); dual currency usage (mildly possible but on a more local economy scale); Bitcoin-backed fiat currencys (not preferable but will certainly slowdown inflation rates and likely force a tightened monetary policy); Bitcoin could be used solely as a reserve asset by the current financial institutions (🤔 doubtful as such a scenario seems to already be failing); or traditional-style publicly promoted educational courses and training programs on how both the Bitcoin main chain and LN work (a more local population-based type of scenario that will hopefully convince non-coiners who have completed such a course or program to spread knowledge to local goods and service providers).
How do you all think adoption could take form in the country you live in?
Hello folks! Just got home. How's your Tuesday going?
Was thinking a bit about how Bitcoin adoption could take shape in the UK while I was visiting some out-of-town family members earlier today. Lol. Yea, I was a lil' bored but the little one had a good time 🤷♂️🫡.
For me, I view it like this: it could replace the pound (obviously such a scenario will not promptly occur); dual currency usage (mildly possible but on a more local economy scale); Bitcoin-backed fiat currencys (not preferable but will certainly slowdown inflation rates and likely force a tightened monetary policy); Bitcoin could be used solely as a reserve asset by the current financial institutions (🤔 doubtful as such a scenario seems to already be failing); or traditional-style publicly promoted educational courses and training programs on how both the Bitcoin main chain and LN work (a more local population-based type of scenario that will hopefully convince non-coiners who have completed such a course or program to spread knowledge to local goods and service providers).
How do you all think adoption could take form in the country you live in?