Oddbean new post about login | logout https://graduallythensuddenly.xyz/pay-me-in-bitcoin-theory/
I wish Parker was on here to say thanks
Countdown to #bitcoin block 1,000,000 🤙
I do not understand how parker can write this while also being bearish on nostr and zaps.
He has a poor understanding of the transition dynamics... which should be easy for you to understand since the same applies to you! nostr:nevent1qqsxqa70cklcp3nq2edu0udrsc46a2y72zmf8fzn6r3vsfeq6y53c5cprdmhxue69uhhyetvv9ujumn0wd68y6trdpjhxtn0wfnj7q3qc8nlcgd5l8qenesgdcy4vw0s794yujyy23z50n52v5ld0ddkcjnsxpqqqqqqz5a5xqc
I pay with Bitcoin literally everywhere and have done so for years and the merchants or other counterparties don't even know it. You don't have to pay in Bitcoin to pay with Bitcoin.
Yes but isn't it obvious? Who needs a store of value that is not liquid? Bitcoin is liquid because it is a perfect method of payment and currency all over the world, it is considered "predominantly SOV" just in the privileged Western world. And it is much better to separate your fiat and Bitcoin business, you wouldn't be able to fully use the best properties of Bitcoin (e.g. censorship resistance) otherwise. This is based on our own Bitcoin merchant experience.
happy to see more conversations around trade solutions for goods and services with Bitcoin as a representation of Bitcoin's value - this is a great step forward nostr:note1hjptsxdzyqrvek0ds5j2gtpupmj9d7ydlw6azyr98cm3750egr4qk6kxaq
Getting Jack to post Parker’s work will get Parker on Nostr … gradually then suddenly 😂
💯🌅
As a retail-facing small business owner in northeast US who has accepted bitcoin for 1.5 years, we have only received 3 bitcoin (lightning) payments. I wish his theory “the individual (if a bitcoiner) will pay in bitcoin, overwhelmingly in most cases.” Was true but our experience says otherwise. This is in easily over 10,000 transactions total. Most people that comment say they would never spend their bitcoin. I think price rising is what needs to happen, but I wish we could do more to help accelerate adoption. I think the fedimint federation idea for small communities with several participating businesses and working with local government to get tax breaks is the way. This could prove Parker’s theory correct. However, I don’t have the technical chops or capital to put it into practice. Just the dream and the local relationships. Any thoughts on this?
As long as kosher to cash out. https://image.nostr.build/c976a83e22f94f015ece415943b72e4bae4b934aed58d25de98612b162793d72.jpg
If someone chooses to pay in Bitcoin, there is the existing 2-3% transaction fee $SQ could play with to incentivize both sides of the transaction. The fee for merchants could be just 1%, saving them money vs. a credit card payment, and the purchase price could be 2% cheaper for customers. Or, customers could get 2% of the total automatically converted as “cash back” / “bitcoin back” into their (Cash app) wallet. I personally would choose to “Pay in Bitcoin” all the time if Cash App automatically converted my fiat dollar balance into bitcoin for the merchant upon payment, and I automatically received 2% “bitcoin back”. Much better than “cash back”!
RFK Jr. is the first candidate to accept contributions in BTC, right? Do you support his candidacy?
