Just wondering out of curiousity or confusion but above all I'm uplifted every time by the thought when shall we start putting MRP in Sats (Satoshis)? As a bitcoiner, I always want that I shouldn't always bother to interact with Fiat when I need to buy anything. Also, I have a view that until or unless we can't use Bitcoin in much similar fashion as with fiats, we won't build a world where 'Bitcoin is for everything'.
"Let's cut the nonsense short. Bitcoin as the currency for pricing of a product isn't possible. Do you know how volatile it is?"
Volatility, what's that? That's only if we are running an economy with paper trash. Putting an MRP in Sats would first require to abolish the malfunctioning system of Fiat. This volatility is only a point until we calculate Bitcoin in terms of Dollars or Yen.
But why would the governments ever think of losing their controls on money? After all, they fight in elections only to take charge of the most powerful aspect of this era i.e. 'Money'.
I wouldn't mind defining money at another time. But for now just understand that Bitcoin is also a form of money. It is slowly becoming a medium of exchange. Let's go back a thousand years and there was no money like today and people used to do barter transactions, one thing for another actually. So, what I actually want that the barter system of old times should somehow prevail with the help of Bitcoin in our times.
I am uplifted with this thought because we have already reached into the zone where infrastructure for 'Bitcoin Economy' is almost ready. We have Bitcoin wallets, Bitcoin Credit/Debit cards, Bitcoin POS machines, Bitcoin smartphones (oops...) in everyone's hands, services like Bitrefill and a lightening network to support.
What we don't have is the support from regulators. Regulators worldwide are filled with a vague thought that Bitcoin can disrupt global economy. They're wrong because their varied ideology in terms of using their own fiat is disrupting global economy. Bitcoin is global. It's not and it can't be manipulated for someone, but dollars and yen can be.
To truly understand the goal of Satoshi's plan lies in 'establishing a global decentralized economy'. Decentralization where you and I can barter with each other without a middleman.
So, hoping to buy a product with an MRP be like '__00 Sats' and enjoying my purchase directly with Bitcoin. I know there are things like 'Bitrefill' that are trying to make this possible but everytime I give them a chance it costs me some extra amount. I tried to do a prepaid recharge for my telecom and it was +20% from the actual cost, so I gave it up and ended selling some of my Sats on P2P to get some fiat in my bank account.
If it holds truth that 'Bitcoin is a currency', eventually we will witness a market based on it, sooner or later. Some smaller countries and some places in bigger countries have adopted Bitcoin. Bitcoin is the official currency of El Salvador for more than a year now.
And to wrap it up at last I must confess, I was at the Container Brewing (Pardon me) and bought 4 packs of Bitcoin Beer with Bitcoin. They are hosting a Bitcoin Halving party on April 18 this year.
If you want to follow the topic and earn sats by participating in discussions, you can join me on Stackernews.com, a platform much similar to Publish0x.
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As Always Thanks for Reading and Tipping
Adios ... Ciao.... Bye ... Take care ...
