Oddbean new post about login | logout No amount of bitcoin banking is going to help if you can’t pay your rent / mortgage / bills and buy food with bitcoin. Sure, you can use gift card for small stuff but it’s still an inconvenience. You need people to start accepting bitcoin at the base level of living or forever risk being cut off from society. It’s a good idea to start accepting bitcoin if you run a business, rent out property or sell any type of necessity.
I am looking into developing a property to rent. Perhaps I should (some way off yet) accept bitcoin.
OFFER THEM A SHARE OF ANY PRICE APPRECIATION IN THE BITCOIN THEY PAY YOU FOR UPTO SOME TIME PERIOD AFTER THEY PAY IT… I USE SIX MONTHS AND A 50% SPLIT
Excellent idea! But I'm guessing I shouldn't offer the a refund for any price depreciation?
Any price volatility to the downside is on the landlord for sure
It’s no different than you buying bitcoin with your profit
I've included an address on every invoice since 2018. Still yet to receive a payment in that format. Closest has been Zaps here.
I GIVE MY TENANTS A 50/50 SPLIT OF ANY PRICE APPRECIATION OF THE BITCOIN THEY PAY ME FOR UPTO 6 MONTHS AFTER THEY PAY IT! IT WORKS
Well said. I offer an appartment to rent and accept BTC as first with 5% discount. Easy.
TRY OFFERING A SHARE IN PRICE APPRECIATION OF BITCOIN USED FOR PAYMENT FOR A PERIOD OF TIME AFTER PAYMENT?? I DO IT AND IT WORKS :)
hm I do not really follow? could you please give an example? :)
I CURRENTLY HAVE A RESIDENT THAT HAS PAID THEIR RENT IN BITCOIN SINCE NOVEMBER OF LAST YEAR AND I HAVE BEEN OFFERING THEM A RENT DISCOUNT EQUIVALENT TO 50% OF ANY PRICE APPRECIATION OF THE BITCOIN THEY PAY ME EVERY MONTH FOR UPTO 6 MONTHS AFTER THEY PAY THE RENT…. THEY CHOSE WHEN THEY “LOCK IN” THE PRICE AND TO DATE HAVE SAVED OVER A MONTHS RENT
There are services to pay bills with bitcoin
And they are taking their share because of that. Why would I pay more if I pay less with fiat.
The problem is that businesses can't pay taxes with Bitcoin. It's another hurdle in the tax paperwork, where you need to separate these two and calculate the value of Bitcoin in local currency at the time you accepted it. It's a mess, and I think the right approach is to accept it just as a currency for the people, by the people. No regulation should be involved in this payment process. The government should lick a pinky and stick it in their buttocks. Bitcoin was created to avoid their corrupt, dirty, inhuman games, not to comply with them. And yes they have all the tiols to make it harder to accept Bitcoin. That's why we shouldn't allowed them to regulating it in the first place.
Yes I think an other approach is that taxes can be paid in Bitcoin too. Then it is up to the state to keep it in a wallet or exchange it to the local fiat. This would make life much easier for businesses.
I don’t see it as me being cut off from society but as me cutting society off :p
as long as btc is traded for cash, and cash isn't outlawed, you're ok sure, hyperbtc is the best outcome but it's not mandatory for bitcoin to hold at least some significant market cap long term
I have it in my rental agreement they can pay with Bitcoin
NOTE YOU JUST HAVE TO START OFFERING THAT PERCENTAGE OF PRICE APPRECIATION IN BITCOIN PAID AS AN INCENTIVE TO USE IT
tip the merchants and give discounts to the customers, #skinInTheGame
I TEND TO LEAN TOWARD SHARING IN FIAT PRICE APPRECIATION WITH CUSTOMERS FOR VARYING TIME PERIODS DEPENDENT ON SIZE OF PAYMENT AND MARKET CONDITIONS :)
Fold ACH payment are a decent way for plebs to get around this issue for themselves
Majority of society will never care, but many small-sized local community cells will exist to cater & solve such needs. Some places will always be easier and more accessible and that's where brains & capital will flow.
I accept Bitcoin in my business i even offer 20% discounts I've had 3 takers so far, they are few and far between but we do what we can
More powerful, Karnage, is #Bitcoin used as a treasury for your business. Simply holding #Bitcoin on your balance sheets (pick your fancy on % allocation) can exponentially de-risk your business……… Your greatest danger is your business going under for not having #Bitcoin on its books then whether transacting in #Bitcoin.
Paralelní Polis or bust. There is no other way. nostr:nevent1qqste6y6l372wumx50ewyhxac88kmaq5s7c5x9qhu5syspxj2hnwsygppemhxue69uhkummn9ekx7mp0qgsph3c2q9yt8uckmgelu0yf7glruudvfluesqn7cuftjpwdynm2gygrqsqqqqqp8cmp45