This African Town is Living in the YEAR 2030
Visit Bitcoin Witsand if you can—it's a beautiful spot in South Africa.
Thank you to Edwin, Ellie, Kwaga and many other wonderful souls for treating me and hosting me in your town.
I can't wait to come back in 2030 and fly around on your hovercars.
Not everyone needs to understand Bitcoin for it to be widely adopted. And whether you like it or not, Bitcoin is being adopted.
Please note, Witsand uses a lot of tools from LN Bits: https://lnbits.com/ (Whenever you see a big tick on their terminals or their pay screens, it's from LN Bits!)
I used Phoenix Wallet with my phone and CoinCorner with my ring. Sophie uses CoinCorner to buy me lunch (the big lightning bolt animation)
Joe Nakamoto.
My usual things:
📍 Location: Witsand, South Africa 🇿🇦
⛓ Block Height: 826136
📆 Date: 17th January 2024
💰 Bitcoin Price: $40k ish
Timestamps
0:00 Intro
1:07 Can I live on Bitcoin here?
2:33 Ho Ho a bottle of Rum
3:37 What is the halving?
4:58 The Bitcoin Critics are coming around
5:44 Ramble at the Nocoiner Hairdressers
6:41 The gym likes the coin: here's proof
7:37 What are Sats or Satoshis?
8:05 Loud Minorities CAN create change—look at food
9:17 Key Ingredients for Bitcoin Circular Economies
12:46 What happens if Witsand gets VERY VERY rich?
13:48 A local boat captain's experience
15:13 Power cuts AKA Load Shedding
15:45 A local business owner's insights
17:13 What is an onchain transaction?
17:40 Ellie's Bitcoin origin story
18:33 Not everyone needs to understand bitcoin
19:53 Thanks and a clue for the next video
Summary of video:
Bitcoin Witsand, a small town on the southern coast of South Africa, has embraced Bitcoin as its primary currency, creating a thriving Bitcoin circular economy.
Highlights
🌍 Bitcoin Witsand operates as a Bitcoin circular economy with high adoption rates, where residents can pay for almost everything with Bitcoin.
💰 Hospitality staff earn and even split their tips using the Bitcoin lightning network, demonstrating widespread acceptance and usage of Bitcoin.
🏘 The town boasts Bitcoin graffiti, giant Bitcoin signs, and the Bitcoin white paper displayed in many establishments, showcasing its dedication to Bitcoin adoption.
📈 Bitcoin adoption in Witsand has led to neighboring towns also onboarded to accept Bitcoin, indicating the potential for broader adoption beyond the town’s borders.
🚀 Despite initial challenges, including slow merchant adoption, Bitcoin Witsand has seen exponential growth, with a significant increase in the number of businesses accepting Bitcoin over time.
⛏ Do you want to heat your home with a Bitcoin miner? Yes, it's a thing. And it works very well.
Use this link: https://heatbit.com/?ref=cheersjoe
or use code cheersjoe at HeatBit.
🇪🇺 if you're looking for somewhere to stack sats (buy bitcoin) in Europe, use Relai:
Link: https://relai.me/download use code JOE to reduce your fees by 0,5%
🛒 Do you want to live off Bitcoin? Use bitrefill;
https://www.bitrefill.com/buy/?code=cheersjoe
