sounds better than buying coin on leverage

@utxo the webmaster 🧑‍💻 is new here. 🤣

Still learning the ropes bear with me

🤙

❤️ vibe-thinking

Some folks might even say there is no such thing as a bitcoin company.

I need to build an accounting software for that company.

Yes

Almost plausible 🤣

I think this true. I'm not going to buy garbage simply because I can pay in Bitcoin. But I will buy good products with sats. I do it every chance I get.

The closest thing in my mind is a company that uses leverage to buy Bitcoin and does nothing else. But yeah it's an odd concept anyway.

This is expected, just like programmers tend to write software for other programmers, people from cinema often make movies about the process of making movies or acting, writers write books about writing. But in the case of Bitcoiners for some reason it seems to be much worse. Look at how many wallets exist, or services that allow you to visualize Bitcoin things, lend Bitcoin, exchanges in all their shapes, what else?

Spot on

As someone who supports Bitcoin (despite not being able to get into it), I think the ideal is to not FORCE Bitcoin usage. Incentivizing it is completely fine (discounts, quicker service, etc) but requiring it isn't the way because many will just say "screw it" and find a different product/service if they're forced.

Vibe thinking without AI is dangerous

A solid business with Bitcoin characteristics 🤙

Eh. There’s always a niche for internal reflection but bitcoin is different. The developer, entertainment, and literary industries are built. Companies are trying to build an industry on top of bitcoin. Using bitcoin as a settlement layer is the utility that would widen adoption over time. Companies are being opportunistic and trying to have first-mover advantage, bitcoin’s biggest hurdle to overcome is the one that we like most about it, volatility. You’re a genius for accepting bitcoin as payment today but a fool when tomorrow comes.

@gsovereignty made a thing for this.

Why can’t you get into it?

You once shared a website that made me think of this. It's like a lightning alternative to Western Union. Andreas talked about a time when Bitcoin will just be in the background and people won't even know it. The website made me think of that.

Decentralization needs 5 pillars. Communication (Nostr?) Finance (Bitcoin) Law (?) Production (that’s what you are talking about) Defense (mercenaries have always been around, national armies not)

There are some on Nostr already. Winningstr

Fuck data, this just pretty much common sense 🫡🏴‍☠️

The same for nostr...

There are a few things that I have realized over the years. Yes you need to create a company that generates value regardless of the medium of exchange. If your suppliers don't except bitcoin then you are constantly selling bitcoin. Many "bitcoin only" businesses are really "receive bitcoin, spend dollars" businesses. You have to cashflow, rent on a location, paying insurance, taxes, labor, shipping, the internet bill and suppliers. Now have that drop 17% in a week. The "gains" don't cashflow unless you spent the gains forward. I prefer the "satsflow bake sale" model. Create a super attractive delightful high margin product mix. Cashflow in dollars. Move weekly profits to River high interest in btc. Set buy orders for dumps. Only move profits not cashflow. You don't expand. You maintain. The expansion is the number of sats.

@Private Provider is in fact bitcoin only but is super rare in that pay every cost can be paid in bitcoin and technically can only be paid for in bitcoin.

I guess the quote was included in one of his Internet of Money books. It's been a while since I read them, but I found the quote. You're basically doing this with the lightning network, right? "Bitcoin is not a currency. Bitcoin is the internet of money. As a technology, it can bring economic inclusion and empowerment to billions of people in the world. I’ll give you one example of a specific application that is going to fundamentally change the lives of more than a billion people in the next five to ten years. Every day, an immigrant somewhere cashes their paycheck and stands in line to wire 50 percent of that paycheck back to their home country to feed their extended family. Here in the US, 60 million people have no bank accounts, yet they cash their paychecks and send them abroad. Overall in the world, $550 billion is transmitted every year as remittances from first-world countries. Much of that money is sent to five major destinations: Mexico, India, the Philippines, Indonesia, and China. In some of these places, remittances represent up to 40 percent of the local economy. Sitting on top of that flow of $550 billion are companies like Western Union, and they take, on average, a cut of 9 percent of every single one of these transactions out of the pockets of the poorest people of the world. Imagine what happens when one day one of these immigrants figures out they can do the same thing with bitcoin — not for 15 percent, not 10 percent, not 5 percent, but for 5 cents. Not a percentage; a flat fee. What happens when they can do that? They can, right now. There is a startup company that is handling remittances between the US and the Philippines. They’re doing a few million dollars right now, but they’re going to start growing. There’s $500 billion sitting behind that dam. When you’re an immigrant and you can change your financial future by not paying 9 percent to send money home, imagine what happens if every month, instead of sending 91 dollars home, you send 100 dollars home. That makes a difference. There are a billion people, right now, with access to the internet and feature phones who could use bitcoin as an international wire-transfer service." --Andreas Antonopolis

You make good points

plus women are a huge disposable income market and they just want to use apple pay to buy cute shit

Put simply, KYC. Even no-KYC exchanges still have KYC somewhere in the process. I also don't know a single person outside of the internet that uses Bitcoin, so I'm basically out of luck outside of zaps and such haha

you might stumble upon wrong think!!

pretty much capitalism in a nutshell there. i'm not bitcoin only though as you do need to move with the market so I offer a BTC discount of 5-10%. in reality the BTC price is what I want so its actually a fiat surcharge. trying to force BTC only isn't really viable. watched an interview with an economist who wotked in the banking industry initially and she was saying mobile payments technology came in around 2000-01 and everyone thought it was the future. 25 years later and most people still use cash or card. wife had a cafe until recently and maybe 1% of customers used their phone. so if its 25 years to get this far and everyone has a pay-capable phone, then how long do you think for BTC adoption when most people have no idea how to even hold it and work a wallet? we're the pioneers conquering new horizons. it's future generations that will look back thinking it must've been an awesome time yto be alive

Yes this is the way to go. I'm trying to do that with Continuum.xyz (and some of the other companies I manage)

I did this in 2013, normies figured out how to buy bitcoin in order to buy my products because I refused to accept fiat. It worked very well back then and will work even better today.

silk road proved this

Vibe thinking is kool

This is one of many ways to adoption. The cigarettes in Atlas Shrugged come to mind. Another way could be offering discounts in BTC. Probably more accessable for those who are still accumulating capital.