Bitcoiners, Walk the Walk With Payments! with Rockstar and Di | SLP657

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May 7, 2025

In this enlightening discussion, Rockstar Dev, an advisor at BTC Inc. focused on advancing Bitcoin payments, joins the conversation with Di. They dive into the idea of Bitcoin as not just a store of value but as a viable medium of exchange. Key innovations like the Bolt Card are explored, which aim to simplify Bitcoin payments, especially at events. The importance of grassroots adoption through merchants, the role of education for new users, and the community's commitment to showcasing Bitcoin in real-world transactions are emphasized, setting the stage for an exciting future.

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INSIGHT

Bitcoin's Evolution as Money

Bitcoin currently dominates as a store of value but aims to become a medium of exchange and unit of account.
BTC Inc. integrates Bitcoin payments to lead by example and glimpse a Bitcoin-medium-of-exchange future.

ADVICE

Lead by Example with Bitcoin

Lead by example by actively earning and spending Bitcoin whenever possible.
Educate newer users about self-custody beyond passive Bitcoin exposure like ETFs.

INSIGHT

Use Bitcoin or Risk Losing Purpose

New Bitcoin adopters often see it mainly as an investment or ETF, which risks reducing interest in using it as money.
Walking the walk by using Bitcoin in real transactions, despite convenience challenges, can promote its medium of exchange role.

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Stephan discusses the significance of Bitcoin as money and the concept of monetary maximalism with guests Rockstar Dev and Di from BTC Inc. They explore the current state of Bitcoin as a medium of exchange, the challenges of adoption, and the innovations being introduced, such as the Bolt Card, to facilitate Bitcoin payments. The conversation emphasizes the importance of leading by example in the Bitcoin community and the need for better technology to enhance user experience and drive adoption.

Takeaways

🔸Bitcoin is seen as a store of value, but the goal is to use it as a medium of exchange.

🔸BTC Inc. aims to be a Bitcoin adoption company, integrating Bitcoin into their operations.

🔸The Bolt Card is an innovation to simplify Bitcoin payments at events.

🔸Merchants play a crucial role in Bitcoin adoption by offering it as a payment option.

🔸Convenience is a significant factor in whether people choose to use Bitcoin or fiat.

🔸The upcoming Bitcoin conference aims to set a world record for Bitcoin transactions in a single day.

🔸Education is essential for new Bitcoin users to understand the importance of self-custody.

🔸The Bitcoin community must actively showcase its use in real-world transactions.

🔸Technological improvements are necessary for Bitcoin to compete with traditional payment methods.

🔸The future of Bitcoin as a medium of exchange depends on both customer demand and merchant willingness.

Timestamps:

(00:00) - Intro

(01:10) - Bitcoin as money and the idea of monetary maximalism

(12:43) - Sponsors

(15:07) - How will the Bolt card help fuel Bitcoin adoption through payments?

(18:52) - How can one use a Bolt card?; The role of Bitcoin as Medium of Exchange

(21:57) - Will vendors in Vegas accept Bitcoin?

(33:19) - Sponsors

(27:55) - A new world record for Bitcoin-only payments in the making?

(34:21) - “Friends don’t let friends use inferior money”

(39:29) - Key details and closing thoughts

Links:

Sponsors:

Stephan Livera links: