Oddbean new post about | logout
 Bitcoiners don't have the same consumer patterns as Fiat people. Until you understand that it's going o be hard to get sats from them. 
 That’s why there is no ballsier business model than one that only accepts sats. Bitcoiners really like their sats. Demands proof of work. Like @LeatherMint 
 🫡

Big news coming next month 
 Absolutely. If your product or service has some aspect of PoW I may be inclined to share some sats. 
 Should see a resurgence in small batch handmade goods.  and with it a rebirth in an artisan class 
 The explanation is like this: you need to get rid of the least valuable money first. The more valuable ones are harder to let go of.
#Bitcoin

nostr:note16ahasgrjtkqeq5tql48e6wstl22ku2mgp2362s6m8p3sy5w3c2hqt5en5x  
 So I noticed. Shopstr.store for example sells almost only gadgets and stickers. C'mon, I buy those like, what, once in 10 years? Food, on the other hand, especially if made of meat, I buy daily. 
 I like this take. Most people who are new to Bitcoin I meet say that the big and rich companies will buy up most bitcoin. But most bitcoin are held by long-term hodling individuals.

Buying up these bitcoin will be difficult, but a serious hack in financial systems or some other shit event they're going to execute, could make people sell out of fear.