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1  Economy / Marketplace / Re: How can we encourage local businesses to accept BTC? on: December 22, 2017, 01:22:09 PM
     I have a suggestion. But let me first state that until today I have not read or discussed bitcoin with anybody-ever. I had heard of it. I got Wiki version and Lifewire version. Then I watched "previously live" news and experts but not too many. So, here is my suggestion. I'll give some limited additional reasoning at a later date if there is any interest in it.
      I'm am totally against "Lightning" as described. Lightweight wallets seem bad enough already. The original idea of 21million bitcoins and an anonymous like CASH instrument, totally secured from thieves AND government, is an idea worth pursuing. This limited interpretation of what bitcoin is all about is what has the inherent power to drive it forward. Anything else is a distraction. Its value should theoretically become approx 1 Satoshi= $0.25 circa 2040. It must become the world currency or not. In order to become that it must be used as the primary monetary tool. Gold could exist as a physical dual currency but not required. What is required is that all people can use it to buy/sell anything (which is allowed to be bought or sold). So, my suggestion is that anyone who wants to use bitcoin negotiate themselves,grass roots, for its use. If you cant make any headway with letters to Sam Walmart..don't shop there. A local bake shop/produce market where you can talk with the owner is the place to start. "Mr. Bakerman, here is 1 million Zatos... can you give me 30 coupons for free loaves of your bread and a punch card for 100 units of fruit/vegetable good for the next 90 days", you ask. Is this illegal? I don't think so.
     There are other variations. Used/homebuilt electric vehicles, coops supporting business visa for a Sri Lankan "clothing merchant", a Filipina manicure/pedicure specialist making house calls. Might even be able to break into a corporate franchise to buy fuel/soda/beer because the cashier of a lot of these places is the owner. Give him 1 bit coin in exchange for you and however many friends it takes to use up $500-20,000 worth of prepaid fuel. The "stability" of the bitcoin seems directly proportional to its usage and inversely proportional to volume of speculators. But that's the idea. Go directly to the owners of the goods and services and pay in advance for future purchases, at least here in the first world. It my belief that the "third world" is perfectly capable of instantaneously developing within a generation if they had a tool such as the bitcoin to use. And they have the capacity and time available to work among themselves even a verbal form of "lightning", we don't. 420 trillion / 21 million x 20% depreciation of $ by 2040 = 25 cents per Zato!! make it happen. It is a free world. No 420 jokes, I'm clean.
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