I recently visited one of the local flipping event. The event was like people brought their own items which they wanted to flip in the flea market. And they had variety of the old items and the items which would get more pawn shop value around the world.
So there were plenty of the stamps and the coins. And I spend enough time there among the people who wanted to spend there. I had few of the stamps to flip for cash. So I tried my luck got around 20$ and so I decided to sell and not hoard them long enough.
At one point I came across one stall where people were spending the QR code based payments. And I kind of got puzzled as I thought this would be say like UPI. But looking at those crypto payments I realized we have arrived at the digital economy.
Like most of the antique sales and the flipping economy where most of the legal cases has been going on lately. Digital economy is pushed by govt too with the local currency being on the UPI but the crypto payment acceptance is not in the news and people try to avoid talks about it. As police can raid the event and could cause issues.
Image credit lightnetwork
Most of the transactions with the lightning network are instant and valuable. As they are associated with the bitcoin. And you can earn enough out of it which would be possible to spend in the market. And also as the wallets can be protected with biometric and those POS with crypto acceptance are super valuable.
I had this thought in mind where the lightning wallets we can't use immidiately in local economy. But the way we are collecting the tokens and then we can send to exchanges like ku exchange and the binance network.
Lesson? I feel we have to continue to use the bitcoin and the lightning network and this can free us from the govt restrictions. And also the digital economy on global scale can be done better with the crypto rather than the FIAT itself.
If you want crypto to sustain, use it. Don't just hoard and expect it to rise miraclously.