Regarding #Bitcoin, I’ve been thinking about Parker Lewis’s exchange theory of value and how difficult it is to make a solid case for day to day use of #BTC as a medium of exchange in the Southeastern U.S. of A.
Partially, there’s very few local companies that accept it for payment. But worse, in the USA 🇺🇸, the dollar and all the infrastructure built up around it just *work so damn well*. For large and small amounts, Venmo and PayPal scratch my itch as well as anything, and there are excellent services like #Fold and multiple credit cards that offer rewards that sweeten the use of fiat currency.
But as a counterpoint, I think my difficulty promoting or justifying #Bitcoin as day to day medium of exchange (even to myself!) comes down to the *financial privilege* of living in a peaceful country where the world reserve currency is used daily as a medium of exchange.
Also, as Parker Lewis (npub1w69…zltw) points out, if we want the rails of exchange and we want them better, we need to use the rails. And I’m working hard at that.
If anyone has any suggestions or insight, I’m all ears. Anyone feel the same way?
ThemsTheGrits
npub1c3…pcd86
2024-10-28 17:44:41
Author Public Key
npub1c32xcvv709lq457f3marqfrz2hp6sygc0xuww9tzhlkatdawl5uqnpcd86Published at
2024-10-28 17:44:41Event JSON
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"content": "Regarding #Bitcoin, I’ve been thinking about Parker Lewis’s exchange theory of value and how difficult it is to make a solid case for day to day use of #BTC as a medium of exchange in the Southeastern U.S. of A.\n\nPartially, there’s very few local companies that accept it for payment. But worse, in the USA 🇺🇸, the dollar and all the infrastructure built up around it just *work so damn well*. For large and small amounts, Venmo and PayPal scratch my itch as well as anything, and there are excellent services like #Fold and multiple credit cards that offer rewards that sweeten the use of fiat currency.\n\nBut as a counterpoint, I think my difficulty promoting or justifying #Bitcoin as day to day medium of exchange (even to myself!) comes down to the *financial privilege* of living in a peaceful country where the world reserve currency is used daily as a medium of exchange. \n\nAlso, as nostr:npub1w69ya7xs697hk3hky3gllryz8rwverfa0ylz89chf9qnhfcskc2s64zltw points out, if we want the rails of exchange and we want them better, we need to use the rails. And I’m working hard at that.\n\nIf anyone has any suggestions or insight, I’m all ears. Anyone feel the same way?",
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