If I was selling stuff, I'd offer a "discount" of 20% if paid in btc - which means I'd jack up fiat price by 20%. On my website, I'd have a few links to educational resources to get them started.

Reply to this note

Please Login to reply.

Discussion

I had some educational articles about 7 years ago, then we started getting spammed incessantly by crypto businesses trying to guest post articles or pay for us to link back to them. I'm not likely to attempt that again lol

Raising prices that much would probably have quite a detrimental effect on day to day business. It makes more sense to me to having a lower BTC price, since the outcome is the same - cheaper if you pay with sats. Once I finish building my new site I will have a better direct payment integration so maybe I will develop a different strategy. It is tiring trying to win people over.

Yeah lol, I wrote one freaking article about bitcoin on an online thingy, and it wasn't even good writing, and immediately I got solicited to write for crypto shit.

But you might be able to just filter out words like "crypto" or "project" or "use case" and then never see that stuff.

20% feels right to me. I wouldn't move over a 10% discount. You could split it differently, like up 10 on fiat and down 10 on btc. Also the number of people taking the deal might be insignificant enough that it doesn't really affect the bottom line. Idk... Just speculation

The issue is I can't use that bitcoin within my business, so it sits there as an asset. If the ratio is off, that would kill liquidity because we can't spend it. I'm fine for less than 2% of transactions being unusable, but things would have to change (like supplier adoption) to make it more feasible.

Yeah that's a problem... And just orange pilling suppliers isn't the solution because they also have suppliers, do its the same. Idk. I guess you need an off-boarding solution