Relay test

Today the first merchant in our local pilot accepted Bitcoin for real goods. More importantly, she chose not to convert the sats back into fiat. A payment settled. A saver emerged. The experiment continues.

Finish the last sentence... "In a competitive society it is no slight to a person, no offense to his dignity, to be told by any particular firm that it has no need for his services or that it cannot offer him a better job. (...) But the unemployment or the loss of income which will always affect some in any society is certainly less degrading if it is the result of misfortune and not deliberately imposed by authority." (From HAYEK's 'THE ROAD TO SERFDOM' - Chapter Eight: Who? Whom?) Whenever a person's position in life is assigned to him by somebody else—not according to whether he is needed for a particular task, but according to whether he contributes to the expansion of the fiat system,...

Bitcoin reduces the need to trust centralized monetary infrastructure. It does not reduce the importance of trusting one another. Perhaps it increases it.

Although maximalists –and we at Kompass Frei consider ourselves among these– might disapprove Strategy's approach, this dude is brilliantly contributing to pave the way. And he does it re-interpreting the credit market. My respects.

How does Bitcoin move from being understood to being embodied? Bitcoin has solved many problems...Store of value. Self-custody. Global settlement. Censorship resistance. But how does capital massively flow into real-world Bitcoin adoption? Not venture-scale software. Not ETFs. Not fiat banking. I mean actual transition infrastructure... Because the risk is mistaking agreement for adoption. Many understand the thesis. Far fewer live it economically. Only through embodiment do ideas materialize and spread. So the question remains: how does a monetary network become a functioning economic reality?