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Surely apps can make money the same way anyone in the economy does: deliver a service that people are willing to pay for. The problem is that with bitcoin pric
by advisedwang 9y ago
Surely apps can make money the same way anyone in the economy does: deliver a service that people are willing to pay for.
The problem is that with bitcoin prices rising so much people are unwilling to actually spend it. The morale of the Pizza story is "hold on to your BTC, don't spend it".
BTC with stable value and maybe light inflation would make it so that it actually functioned like a currency that could be spent without being foolish.
- arisAlexis 9y agoThat's why probably btc will be the gold of 2020s and another crypto will act like currency
- nsoman 9y agoAgreed that BTC deflation makes it hard to spend. Making something people want is necessary but not sufficient to ensure a meaningful revenue model. I would be hesitant to start a decentralized company today planning to make money primarily on ads, data sales, or taking a cut as a middleman. I think there are other solutions available — just want to see us find them.