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Replying to Avatar West Major

Question for any business owners out there making a physical product - do you guys have to pay suppliers with cash? None of ours take bitcoin. And if so, how do you balance wanting to grow your business (which requires making more product and thus needing cash) with holding bitcoin? This is something I’m still wrestling with. I’d love to keep and hold what little bitcoin I have… but I have to make more shirts to keep growing the business. Down the road, when my business is bigger, and we’re able to distribute profit and/or have cash we don’t need for growth (hopefully 😂) I could see that being much easier. But at my stage now, we’re still trying to grow. Not for some vanity reason but to survive. Curious if anyone out there has some thoughts or strategies around this?

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John 9mo ago

If Bitcoin is to be adopted as a medium of exchange, along with store of value and unit of account, then we need to use it as such. Important is that you take in more bitcoin that you spend, aka create value so you are gaining in reserves... I know the tax issue comes up, but zooming out there is a solution to the tax issue which I can elaborate on if anyone is interested... Regardless, live in the new paradigm, and visit the old as needed until it is no more.

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John 9mo ago

On the tax issue:

https://x.com/annvandersteel/status/1904936706949681317

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