Post
Topic
Board Project Development
Re: Asking for guidance on how to implement a protocol to boost Bitcoin usage.
by
didIplaywell
on 09/01/2023, 15:20:21 UTC
To boost Bitcoin usage you need to build an auxiliary System that imitate a Nation so that it can help serve as some sorts of self-sustaining system with a circular/interdependent economy that uses Bitcoin as its Native/National currency.
To succeed in this I  would suggest you focus on building a Bitcoin system that could exists as Virtual Nation or as Decentralized Operating system like Window/Andriod. And such system must be according to the Bitcoin ideals so that it's safely Interoperable with Bitcoin or existing more like compatible Lego you can plug into the Bitcoin building/foundation to exchange data. It should be an open system anyone can download and run to help keep it functional.
I tried to avoid the technical terms associated with this in order to keep things simple

Hi Ucy! Thank you for this input Smiley
I think that what you are proposing will tend to evolve naturally from the "metaverse"/"web3" ecosystems, isn't?

Before we reach that point, by now, I'm aiming to "the streets", to say. "Parallel Nations", in strongly regulated (socialist) countries (like mine), are essentially what "non official markets" are. I'm avoiding the term "black market" because it haves a negative connotation in first world countries, but in socialist countries "black markets" are the "good markets". Nothing illegal goes there except that the exchanges are not subjected to government oppression in it's many forms (inflation, taxation, confiscation, banning, limitation, segregation, racketeering, lobby, etc).

So we already have this self-sustaining systems up and running on the streets as a means of survival (the culture started after the 2001 national crisis, when the first full parallel economy spontaneously grew). The only eternal problem is the currency, which is still limited to the national currency for the vast majority of the population. To make bitcoin a viable currency, there has to be a way to deal with it's volatility, to allow mass adoption. The protocol I'm pointing to proposes a solution, which do not implies to try to control bitcoin's price.

If you could take a look at it, I would really appreciate it Smiley