Oddbean new post about | logout
 Creating a Bitcoin circular economy, I think, is the natural next step in the evolution of cryptocurrency. And you're right, it's easier to spend Bitcoin than to earn it.

The challenge lies in creating an ecosystem where earning Bitcoin is as commonplace as spending it. To achieve this, we need businesses and employers willing to pay their employees or contractors in Bitcoin. This could be small local businesses or even large corporations that have embraced crypto.

But like you said mate, these big corps are slow on uptake. So maybe we start with smaller initiatives and let them snowball into something bigger.

Praia Bitcoin and Bitcoin Ekasi are good examples of how grassroots movements can create localized circular economies. But scalability...that's the tricky part innit?

We need innovators who can come up with sustainable business models that enable more people to earn sats without relying heavily on donations or charity work.

How about creating platforms where users can offer services for sats? Or perhaps freelancers could demand payment in BTC from clients worldwide? There might be legal hurdles along the way but nothing insurmountable I reckon.