Bitcoin observes unprecedented adoption in the United States, establishing a “strategic Bitcoin reserve”, but some supporters of Bitcoin believe that the project is running away from their roots.

At the beginning of this year, Jack Dorsey, supporter of Bitcoin and founder of Twitter, he said That he believed that if Bitcoin was only becoming a form of “digital gold”, the project failed. He said that the Bitcoin National Reserve may be “good for a nation state, but I do not necessarily know if it is good for Bitcoins.”

Dorsey claimed that Bitcoin must return to the White Book and work on becoming a form of cash peer-to-peer, which can be carried out all over the world if he wants to succeed.

All over the world, many “round Bitcoin economies” worked in this – developing local economies that exploit Bitcoin as a currency, trying to present their vitality and what the future of BTC may look like.

Circular Bitcoin and Wall Street economies

Bitcoin Federation connections The economy with the Bitcoin plant “Local Economic Ecosystem, in which Bitcoin (BTC) is increasingly used as a means of exchange, account unit and value warehouse.” That is, a place where Bitcoin fills three roles of currency, as you understand.

There are various Bitcoin communities and round economies around the world, but their goal is similar because everyone believes that Bitcoin is an excellent form of money and that they should be used “as a way of payment for goods and services and resolving other financial obligations.”

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This approach to the exploit of Bitcoins as currency deviates from the dominant attitude in the United States, in which supporters of cryptography perceive this as a reserve resource to be collected – similar to digital gold. President Donald Trump said at the Nashville Bitcoin conference in July 2024 “Never sell your bitcoins.”

https://www.youtube.com/watch?v=sdc7dfuftc

In the lecture of March 17 at the Bitcoin Policy Institute, Strategy CEO and Bitcoin Maximalist Michael Saylor compared Digital currency for investment assets. A significant participation, per Saylor, would allow the holder – such as the United States – to control the digital economy in another iteration of “Destiny Manifesto”.

Asked if mass adoption by a nation like the US takes bitcoins from its founders, Isa Santos, founder of the Bitcoin Isla project at Isla Mjirires in Mexico, said:

“Yes, but this is the beauty of Bitcoin. It’s also for your enemies.”

Stelios Rammos, the founder of the Bitcoin Geyserfund social financing project, said that good or bad adoption by governments was “inevitable”.

“Bitcoin is for everyone, and its real founding principle is money without permission. The adoption of Bitcoins by the rule was inevitable, and if there was a button that we could press to say that” governments are banned from Bitcoin, “it would not be bitcoin anymore,” said Cointelegraph.

He believes, however, that the Bitcoin community has a basic set of values ​​that promote grassroots acceptance of Bitcoins in relation to the government’s prosperity, adding that Bitcoin is at the stage where bitcoins should be more worried about how they are accepted than whether it is adopted.

“Round economies will have a huge role in conducting the future in which Bitcoin is detained and used by everyday people, and not only as a pure resource in digital treasures in large banks and governments, “said Rammos.

Despite this, they both stated that the adoption of the government’s Bitcoins adopted material benefits. Santos said that adoption from a gigantic country like the US can be positive in the fact that many look at the US as a leader in the financial world.

Rammos said that the American reception of Bitcoins would raise awareness about the groundbreaking cryptocurrency, which brings the benefits of the entire network and has dominant effects for round economy around the world.

What does Bitcoins do for these communities?

Round bitcoins economies are present all over the world. They have gained a special basis in developing economies, in which the local currency is unbelievable as a magazine of values.

In Cuba, where inflation is uncontrolled, and the salaries are in petite falls, round bitcoins and bitcoin economies allowed residents to protect their savings.

On a country Peru, where most people are necessary, e.g. there is no bank account or access to financial services, Bitcoin has provided that A way for residents to save money and pay for school and daily expenses.

However, there are challenges. Namely, the notorious volatility of Bitcoin hinders sales as an instrument of savings for rural communities, according to Valentin Popescu, co-founder of Motiv-Education Bitcoin and Valocacy Group in Peru.

Bitcoin communities are also facing the challenges related to developing outside a group of Bitcoins and enthusiasts who are already present. Bitcoin supporters gathered to Salvador, where Bitcoin Beach provided the first prototype for Bitcoin cyclical economy. However, this did not translate into residents actually with Bitcoin.

Related: “Bitcoin did not have universal adoption we were counting on” – Nayib Bukele

In addition to the victories and challenges facing these communities, many of them also offer programming of financial education and community building initiative.

Santos said that “every economy with professional circulation has its own unique features. They must meet the needs of the communities that create them.” She said that volunteering is one common factor among such communities.

Bitcoin Ekasi, an economy with a closed Bitcoin circulation in South Africa, supports the local Surfer Kids community project, paying the salaries of trainers in Bitcoin, while implementing local stores and suppliers to accept Bitcoin payments.

Rammos said that these communities can place less known locations on the map, attracting tourism by “Bitcoin emigrants” who want to come to spend bitcoins and develop a local economy.

“Ultimately, local populations gain thanks to the bitcoin cyclic economy, just as the bitcoin network uses their possession, it is a real symbiosis,” said Rammos.

Regardless of whether it is Wall Street or Main Street, which drives Bitcoin adoption, the final goal of the organizers running these communities is to fully integrate bitcoins with the financial world.

Rammos came to the conclusion: “Let’s hope that there will be no such distant future in which we will no longer need a round economy, it will simply be the Bitcoin economy or simply the economy.”

Warehouse: Co -founder of the Skeptical Arbitration in the field of traffic to the based and native: Steven Goldfeder