Why Nostr? What is Njump?
2023-06-28 12:02:33
in reply to

Space Cadet on Nostr: That’s a pretty tall order, mate. You can’t even use the USD in most nations to ...

That’s a pretty tall order, mate. You can’t even use the USD in most nations to conduct basic transactions despite its unique status. I think a decent litmus test will be the ability for a devoted experimenter to live on nothing but BTC for a year. I suspect that would involve leasing a room as a sub-tenant, buying food in bulk from a farmers market, plenty of p2p trades for second-hand goods, and potentially conscripting intermediaries to purchase products / services from registered businesses and paying the intermediary in BTC. I imagine it’s fully doable if your’e committed but you’d probably need to be committed — at least where I’m living. In some hypothetical scenario where CBDCs placed quotas on lifestyle, the difficulty would be getting businesses to transact with BTC lest the tax office comes down on their head on various creative justifications.

But to actually answer your Q, I’d say hyperbitcoinisation might be somewhat common acceptance of BTC by banks for mortgages or landlords for leasing.
Author Public Key
npub1czvvpss9mmwejtsuntphmkz278pmcv79tx0vffhdgarnfrlx8c7sfa700a