Post by twetch#200

1JhKv5…y2UL Key · twetch

If you want the transaction volume to go up, sell something that people want more than their bitcoins.

What the chain says
Block
667 608
Time
2020-12-28T23:42:08Z
Signer
1JhKv5bs1wpHRYFAQS4qF5zhKfAnXAy2UL
App
twetch
Type
post
Content type
text/plain
Name in tx
twetch#200

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1JhKv5bs1wpHRYFAQS4qF5zhKfAnXAy2UL Verified

Reposted by (2)

Replies (8)

1F8Xao…jkyC Key · twetch
Replying to@1JhKv5…y2UL

I would do it slightly differently

twetch#561 5.8y

If you want the transaction volume to go up, build a business that uses bitcoin in innovative ways requiring onchain transactions. Turn that into a product that people want more than their fiat currency, and sell the fiat for bitcoin to run your business.

1KJBLu…2wYy Key · twetch
Replying to@1F8Xao…jkyC

If you want the transaction volume to go up DESTROY KYC SO CONSUMER APPS CAN BE USED WITHOUT PEOPLE NEEDING TO GET ON EXCHANGES

1F8Xao…jkyC Key · twetch
Replying to@1KJBLu…2wYy

you don't need KYC for fiat payments which is what your clients pay your business in my solution.

people using consumer apps earn the bitcoins instead of buying them, so no KYC needed neither.

we bypass KYC instead of trying to fight it upfront

1JhKv5…y2UL Key · twetch
Replying to@1F8Xao…jkyC

Also, I’m fairly certain KYC isn’t required under a certain threshold. Something like $200, IIRC.

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