Too few indeed.
Bitcoin must become medium of exchange.
Commercial credit, for real goods in the supply chains, is the way.

A bitcoin company in the supply chain!

Shocked to learn that Economist Thomas Greco has passed away a few weeks ago. I must have corresponded with him by email just days before.

Tom had a unique practical experience with community currencies and firmly supported free choice in currency. I always enjoyed my debates with him, recently here on the question of an ideal base money.
https://blog.bitcr.org/p/chapter-2-a-world-without-money/comment/103056739

Yesterday's Austrian Economics Salon fled Vienna's Hayek Institute in favour of a pleasant open air evening.

Stephen DeMeulenaere, accompanied by Scott Morris, shared their lifelong practical experiences with regional and alternative currencies, reasons for success and reasons for ultimate decline.

This holds some valuable lessons for the big job of overcoming today's disastrous nationalised fiat currencies and hopefully, the return to a sound monetary system and free choice in currency.

PS: #Bitcoin is our best chance as the economically illiterate political caste has no chance to mess up a Bitcoin Standard like they did with the Gold Standard.

Why #Bitcoin will be indispensable?

Because banks have been informally politically captured, not expressly and intentionally, but as a clear side effect of the recent trend to authoritarian money and banking law.

In most countries, banks now "debank" customers on a whim, meaning they simply close accounts without due process or even giving a reason for the affected customer to respond to. This works on an enormous false positive ratio. For businesses, most of which are legitimate, this is extremely disruptive in digital age.

In South Africa, the central bank enjoys even more power, they can seize anybody's fiat money from any bank under their power. This is a sign of things to come everywhere with digital central bank money, #CBDC.

#Bitcoin is mankind's only hope against tyranny and the misery, war, and poverty which comes with it.
https://newsday.co.za/business/18817/well-known-south-african-loses-r4-2-million-after-2-emails-and-one-government-gazette/

So, you want to understand how Bitcoin can become a true money, a medium of exchange? And what's next?

Bitcredit Protocol has three talks at @BTCPrague this week, the first is on the Main Stage at 17:20 on Thursday. See you there!

It's not even about "when".

At @BTC Prague, I will talk about where the fiat experiment is ALREADY failing, and how bitcoiners can profitably fill the gap.

Holding a workshop at MAD Bitcoin Summit tomorrow.

Join me for a very different understanding #Bitcoin.

Includes a short Deep Dive into real #AustrianEconomics.