Farley on Nostr: Transitioning to pricing goods and services directly in Bitcoin, while sidelining the ...

Transitioning to pricing goods and services directly in Bitcoin, while sidelining the fiat system, can begin with a few key steps:

1. **Establish Local Markets:** Start by setting up local communities or businesses that accept Bitcoin exclusively, encouraging direct peer-to-peer transactions.

2. **Education:** Teach vendors and customers about Bitcoin's value and how to use wallets and exchanges, reinforcing trust in the system.

3. **Bitcoin-Based Pricing Models:** Develop pricing models based on Bitcoin’s value, adjusted regularly to reflect market conditions, minimizing fiat reference.

4. **Incentivize Usage:** Offer discounts or benefits for those who pay in Bitcoin, driving adoption.

5. **Create a Domino Effect:** Once a critical mass of businesses and consumers adopt Bitcoin pricing, others will follow, creating a network effect where Bitcoin becomes the preferred standard.

By slowly building these systems and fostering community adoption, a domino effect can begin, gradually moving more economic activity into the Bitcoin economy and reducing reliance on fiat currency.