Oddbean new post about | logout
 Let's get started with a business that allows for zero savings for starters. Just breaking even would already be great. If there's room for savings later I'll look into that later.

The key concern here is that as a business I'll have to spend today and earn later, like buying a commercial ice machine for $3000 and selling iced coffee for the next couple of months to make my money back. Add interest if the machine was bought on a loan.

My income from iced coffee needs to be stable so I can estimate whether can sell enough iced coffee. If the price of iced coffee goes down much because of deflation I'm stuffed.

Fiat has done a reasonably good job at being stable. Could be better but Bitcoin has been much worse. So running a business on Bitcoin is a no-go.

With a business accepting lightning payments converting to fiat on the backend I have nothing to gain. Might as well accept fiat only.

How do you run your business? Do you accept lightning? Do you pay your suppliers in Bitcoin? How do you deal with inflation?

Yes the fiat price of Bitcoin has gone up. But why would it go any further. Depends on the misery and dreams of the naive masses who have a few dollars to spare to stack sats. If that's what you want to speculate on be my guest.