Nostr Web Client

To expand on my descriptions above:

Full - they have all of their fungible assets into Bitcoin and study it daily

Partial - They've taken a punt, bought and small amount and are seeing what happens

Help - Somebody asked me to buy Bitcoin for them as they didn't know how and I transferred it to a hardware wallet I helped them set up.

Uncle Jim - Close friends and family I am holding Bitcoin for, who would like it, but don't have the time or inclination to do the work

F&F Kids - Friends and Family who's kids I've setup with a phone wallet or kept a spreadsheet with amounts on and sent them a small amount of Sats

Businesses - this has happened in the last couple of days and is work in progress, but I have been posting about it on NOSTR.

Beneath The Ink 11mo ago

Interested in how you help businesses. I run a small reseller business aside from my writing. I've gotten to the point where bitcoin is my primary reserve asset. All retained earnings get converted to bitcoin.

Issues I'm running into:

1. My inventory supplier only accepts cash. Rather than sell my reserve bitcoin only to get it back after I make profits I take a loan against the bitcoin to get kore inventory. Then pay back as Cost of goods sold accumulates. This means I'm always tied to cash somehow. Not sure what can be done there besides finding a bitcoin supplier. Time will fix that hurddle

2. NO ONE spends their bitcoin. The people who want it don't want to sell it and the people who don't give a damn don't want to deal with the hassle of buying it to sell it right away, even with a discount.

Ultimately I'm running a btc standard business only in that I have a btc reserve. What have you seen or advise other businesses do?

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Discussion

mike 11mo ago

This is absolutely NOT my area of expertise, both businesses are run by friends that I have discussing Bitcoin with almost daily for over a year.

This happened 3 days ago:

https://x.com/EaterWriter/status/1886855356535456195

And because of this another friend has been convinced to add nostr:nprofile1qyxhwumn8ghj7cnjvghxjme0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqyzjnd2cl0u7qzva64k7lgu4343adfdm5a4pjcxvf9pqex4e83z72qngxhfg to their website after a brunch meeting today.

There are companies that assist in setting up businesses on to Bitcoin and as both of these businesses evolve, I will probably hand them on to one or more of them.

I have personally met and know the guys from nostr:nprofile1qyxhwumn8ghj7cnjvghxjme0qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqpqnqt6hg6k78la4uj0c0yc44s28t8nkgaaee7rdnrr0vszlul4wwdsxfu4ej I can recommend using their services if relevant.

nostr:nprofile1qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qqsd7gqv4s60d743gfv8x4z09krv6zmn6x02sswcfsrt0ymshw3pfqcap2vcl setup the celebrity bartender who is now posting about adopting Bitcoin on Xitter and prompted my friend to ask for my help.

As for your assessment about peoples willingness to spend Bitcoin, from what little I know, I would probably agree, but the hope is you will attract Bitcoiners to your firm ahead of your competition and it may provide a marketing edge in some circumstances.

I think we might just might, be entering the suddenly phase of Bitcoin adoption by business in the UK as the economy fails and people start to understand the strategic reserve advantages of it.

MUSQET 10mo ago

Thanks for the mention! And we can help your friends! We are a Bitcoin-first business but have feet in the old world as well as the new - enabling businesses to accept Visa, Mastercard, Amex, Google Pay, Apple Pay + Bitcoin payments via a single, integrated payment terminal and online gateway. Card present, EPOS + ecommerce is our thing - please reach out to us if we can assist!