Greeny 's avatar
Greeny greeny@757btc.org 3 months ago
If they offer a discount to pay in bitcoin that means they were already overcharging in fiat terms to begin with Hmmmm 🤨
Ben Justman🍷's avatar Ben Justman🍷
I have 4 years of 1st hand evidence that this is not the case. It's okay if you don't want to spend Bitcoin, others do. If you want to vote with your money to make a better world, spending your Bitcoin at businesses that value it is the most powerful. Spending your dollars at these places still makes a massive difference, but it ranks lower. View quoted note →
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Replies (4)

Ben Justman🍷's avatar
Ben Justman🍷 BenJustman@primal.net 3 months ago
I think there's other reasons why it could be valuable to get the marginal Bitcoiner to spend sats at your business, but it's good food for thought
theGig's avatar
theGig thegig@757btc.org 3 months ago
I can think of several reasons to offer a discount for bitcoin. Added privacy, exchanging usd for kyc free Bitcoin seems to come at about a 2% cost. The cost to exchange USD for Bitcoin also seems to come at a cost of about 2% on cashapp. The question is what is the cost of those USD to the business at that moment... If the business is going to convert it bitcoin anyways (as in they want Bitcoin) there is likely a cost to get it to bitcoin, therefore it makes sense to offer the goods/service at a discount in order to acquire the Bitcoin (potentially kyc free)
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