Oddbean new post about login | logout Yea, very good point. If you’re outside the US then Wallet of Satoshi is probably easy breezy for small amounts until they learn to self custody. It also has a Point of sale feature too if I’m not mistaken.
Yeah.. Idk. I feel like if custodial is the way to onboard, a PoS is not as powerful of an incentive. I feel like Primal is the way to go. To your point. Building a social presence while enabling a new medium of exchange is truly game changer. If I had a business, that’s how I’d hop onto Bitcoin. Let’s just hope the Primal wallet becomes available in more countries. The alternative I thought of is to see if local merchants are willing to sign up using another country. But I’m assuming the legal implications would make them hesitant (to say the least). Wouldn’t be a good way to build trust (because let’s face it, the common merchant doesn’t know / care about “don’t trust, verify”)
I think the powerful incentive, I agree isn’t the POS, it’s better money that stores their value, and has a finite supply and there is growing demand for people who want to pay in it. Here’s an app that gives you the ability to accept this money as a form of payment from anyone, anywhere in the world and you no longer have to give visa and mastercard 3-9% per transaction. Then when you reach a significant amount, here’s how to withdraw that money into self custody where only you control it. So I feel like conveying this idea, along with an app that has an incredibly easy on boarding experience like Wallet of Satoshi or Blink and then sending them some sats over the lightning network will have a positive effect on them wanting to use bitcoin.