This is the way! Are you a business owner?
Discussion
Yes
Do you price things in fiat and accept a fiat conversion amount of bitcoin? Or do you set your prices in Bitcoin?
Price in whatever the rate is.
But I’m looking at charging a fixed sats rate for daily/weekly/rentals for apartments soon.
It will be based on the current fair rate and also contract too
I’m working on that as well. I calculated a way to bid my projects in bitcoin based on the 200 daily moving average. I’ve been plotting price points in BTC for the last year in the hopes that I will be able to recognize a trend that I can calculate bids to that I can let the fiat price float with market price. So the invoice will say “*amount BTC* or USD equivalent”
I use sats.
1 sat is sometimes even stronger than 1 unit in some countries these days.
I’m in the U.S. where everyone is too stupid to think in anything other than dollars. I charge 22.5% fiat “processing fee” to incentivize people to use bitcoin. I want it know that if someone forces me to use a shitty system, it will come at a cost.
It’s like that everywhere.
Personally I’ll take anything of verifiable value.
But for training staff it’s the easiest to show them how to process Lightning payments with LNBits. They just enter the amount and a QR code shows
I've been showing my customers, mostly other business owners, how to get on nostr and then I zap them. It'll all cool. And then I point out that Visa will never be able to handle a $0.02 tx without a minimum charge of $0.25. Yet LN handled it just fine. Then I congratulate them on becoming a Nostrich AND a Bitcoiner (since the moment I zapped them) and tell them to make a KuCoin account so they can buy moar. And throughout that entire nostr pitch, I orange pilled them without hardly saying the word "Bitcoin". Nostr is the greatest Trojan horse ever.
As far as handling cash, I build homes so my employees only handle their paychecks. Which makes it nice I don't have to use any third party platforms to process tx's at a pos system.
What I'm going to create is a system of BTC/sq.ft. price for my bids and then allow the dollar value of that to fluctuate with market price of the dollar against Bitcoin.
Essentially, I want to do a reverse dollar conversion rate. I think it's a necessary step to Bitcoin becoming a UoA. Just think, we get to set the starting price for Bitcoin's deflationary cycle to start at. We better set it high!
Today the price is 17,928 sats per square foot...