A very quick way to get a circular BTC economy would be utilities accepting BTC
If in El Salvador for example the state decides that electric bills can or must be or offers discounts for payments in BTC then almost every ES small business would not just happily accept BTC but hold until they paid their monthly bill (or pay their bill early to avoid fluctuation concerns).
And in turn, ES itself could simply accumulate such coins.
This is pseudo-circular but would lead to a fully a circular economy as long as nobody was worried about being stuck with BTC.
Perhaps already people can pay the government in BTC? I would guess so -- and if so, why would any small business not accept BTC?
28 May 2023
Sloths and slugs protest that Bitcoin congestion is making them look speedy
Sloths and slugs have reacted angrily this week – as the Bitcoin network has become really really slow for the second week running. One angry sloth fumed: ‘The Bitcoin Congestion is damaging our brand. We’re meant to be the slowest thing on earth. But transactions on Bitcoin are making us redundant…’ Particular fury was reserved
28 May 2023
Relief Rally: A Brief Overview
Relief rally learn about it: sudden surges in the stock market after a period of uncertainty or market downturn. Read now!
27 May 2023
Ark Challenges Lightning ⚡, Hong Kong Allows BTC Trading 🇭🇰, Dubai to Build ₿itcoin Tower 🇦🇪
Get rewarded with 5000 Free Sats for every successful referral to this carefully curated weekly newsletter with high signal summaries of the best in Bitcoin