Most Bitcoin will be spent in digital circular economies. #Nostr is a great example of this and there are many more yet to be invented.
People expected Bitcoin to flourish as a medium of exchange in the “physical” circular economy i.e. storefronts, coffee shops, dive bars (hello @PUBKEY) but because of Bitcoin digitally native nature, it only makes sense it will largely be spent in digitally native economies. The exponential nature of network effects associated with digital economies will accelerate the rate adoption of Bitcoin as a medium of exchange in the digital realm — and it will in turn accelerate adoption in the physical world.
Good morning. We’re going to win.
Makes sound sense.
There’s much talk of digitisation across Western legacy institutions along with massive adoption of mobile money apps in our Global South. Digitisation, digital networks, digitally native money…
Mic Drop