yeah...
"independent businesses will hodl until Bitcoin standard" is hopium
personally its what my business does..
and we mostly succeed in not even being in a position to sell BTC. we have extremely low expenses.
but my rancher cant do that for example.
its not a viable strategy at scale.
thanks for the conversation tho
The question is, is % bitcoin revenue > % savings. It has nothing to do with field of the business or the size of the numbers or profit %.
Unless businesses are in the Bitcoin field or are very deliberate and selective about customers the % Bitcoin sales is usually very low.
well then youve identified a second bootstrapping problem
why would a business invest in its own infrastructure for a payment method with is hardly used?
also it isnt strictly correct to say it has nothing to do with the type of business.
obviously someone who decides to start a VPS provider is better situated to run their own LN infrastructure than a farmer.
and it certainly does also depend on how profitable the business is.
a business with good margins wont need to sell their Bitcoin, even if it makes of a larger % of their total gross
than a business that has razor margins and always needs their assets liquid.
