What if bitcoin is the only method of payment?
Discussion
depending on where you live, you will cut your customer base by 90% and your business will fail. most people don't own bitcoin
...yet here we are, three years and 150k blocks later, still selling coffee for bitcoin...
that's great, but it's not realistic for most merchants unfortunately
Correction: Cut out 90% of your customers and the other 10% carry your business and spread the word to another 1000%. Bitcoiners are the best customers 💯
There is one huge problem with this strat, bitcoiners have realized the power of low time preference, so as a merchant you will have to change your business to provide value that outperforms the value of bitcoin 😁
Agree with that to some degree!
But my personal experience running a bitcoin-based business is that many bitcoiners also understand the inherent value of spending bitcoin– even if what they are purchasing is a consumable or something that is *not* expected to outperform the value of Bitcoin.
Ngu is not the only thing that matters; and to some degree at least, spending bitcoin, and thereby enhancing the circular economy also enhances Ngu.
When merchants produce super high quality goods/services that humans *cant live without*
+
these merchants REFUSE fiat
=
Launch of the circular economy (=MOE ERA)
The beauty of this is bitcoin incentivizes quality: you will only be able to refuse fiat when your produce/good/service is pristine in quality
🌎👩🚀🔫🧑🚀
Fiat dies when quality thrives. Bitcoin makes it possible to build something so good you don’t have to compromise.