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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. 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: or use code cheersjoe at HeatBit. 🇪🇺 if you're looking for somewhere to stack sats (buy bitcoin) in Europe, use Relai: Link: use code JOE to reduce your fees by 0,5% 🛒 Do you want to live off Bitcoin? Use bitrefill;
