Nostr Web Client

See this nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev and nostr:npub18zc85v0nkg7maw04nh4hhmzmnych876qygsxnq8nszwsk69tl9vscy44j4 ?

Why The Bitcoin Company cannot do this, instead of selling visa cards ?

THIS is real bitcoin adoption not using VISA cards.

This is how you spread the use of Bitcoin and less of fiat.

This is how you make Bitcoin stronger and fiat obsolete.

This is how you start the Bitcoin circular economy.

The Bitcoin Company does accept BTC/LN… what are you saying they should do exactly? Are you saying they should become a pharmacy, or that they should have a completely different business plan that isn’t for helping bitcoiners use their bitcoin, but to create merchant point of sale systems for businesses? I’m really confused with your criticism here. The Bitcoin Company is awesome and extremely valuable for people who live on Bitcoin.

Maybe the bitcoin company is not a hardware business but a software business. Starting and running a business isn’t easy. What makes you think they can’t pivot and do what opago is doing once they become very profitable and look for efficiencies buy selling POS systems. Or maybe even do a partnership.

I just don’t understand what the criticism is, honestly. The Bitcoin Company helps bitcoiners live without a bank account by letting them buy VISA cards. But he seems to call this “supporting Visa,” rather than helping bitcoiners be bank & dollar free but still use the dollar payment networks.

The original complaint just seems irrelevant to the issue he claimed it was about. I just think his framing is completely backward.

You lose privacy, anonymity and soverignty. Almost everything Bitcoin exists for.

That’s why you do it for spending. Is purely using a custodial/fiat service for accessing the payment network. Not for holding/valuing the money. You don’t put your entire savings and income on a prepaid VISA card on TheBitcoinCo, you do like $50 to buy something online for $50. They literally only last for a few months before expiring. Nothing about it is long term or built for large amounts.

And funny enough you actually have a lot more privacy too. With prepaid cards you can put in any name or address you like. It’s one of the reasons I use them instead of selling to dollars in my bank if I need to spend where I can’t use bitcoin.

StackSats.IO 1y ago

Why is the concept of checkings/savings beyond so many people?

Is it because this generation never had a differential between them or are people just retarded nowadays?

It’s because people are used to money being worthless shit to get rid of and accumulate as debt because it’s infinitely bleeding value.

The idea of it being something to actually be thoughtful about and wanting to hold long term is bizarre for most people.

StackSats.IO 1y ago

You’re right, but I want to know when this set in.

I’m your age, when I was a teenager here in Australia I operated cash registers. We had digital payments terminals then that allowed TXs via SAV | CHQ | CRD. Green, green, red.

Rich people used Credit cards. Normal people used Cash or SAV. Old people used Cash or SAV or CHQ. Kids used loose change.

20+ years ago and chequing accounts were already done in Aus. Millennials got Savings accounts as kids, but 50/50 that they got chequing. I did at my first bank, not the second where I got a “children’s account”. I never got “Chequings” again. I’ve had “Everyday” accounts which is the same but rebranded, and never had a lesson on how banks work so I only realised all this once I understood Bitcoin - people aren’t being taught basic personal accounting in a highly financialised world.

Thinking on my interactions with developed Western fiat world of banking, in the 90s here at least they wanted us to save.

Nowadays they just want us to consume.

When did this flip?

When did they stop wanting us to save and turn to outright consumerism? When did people stop understanding how money works? When did people stop understanding banking? Was it all 1971 or did the knock on from that remove us either, later?

Saving bitcoin for what? To cash out into fiat and put in a checking account because you know you can't purchase anything in bitcoin except drugs? If you can't buy food or cars for bitcoin without it being imediately cashed out through a thrid party fiat exchange mechanism than its falied to be what it was supposed to be. Its just a token for fiat with a volatile exchange rate. It isn't money in itself. Nobody wants to hold it, your supermarket isnt going to take your bitcoin, ever.

Nobody wants to hold it. You sure? If that was the case why is the market price so high?

ede3d957... 1y ago

Price in manipulated USD?

By nobody I mean 99.9999999% of the worlds population , I rounded by 0.00000001%. its an even small er value when matched by total dollars in existence. So I think its more than fair to say almost exactly nobody holds bitcoin.

Welp sucks for them

ede3d957... 1y ago

Rich BTC dudes gave up their adoption efforts long ago. They are happy with their deal with the devil. TradFi and government approved store of value that neither endangers the power of corporates nor the state.

If you want real adoption you are better of with Monero and how ironic with bcash.

Donkey Kong 1y ago

My supermarket accepts it. So you may want to rethink that.

No it doesn't. AT best it accepts a bitcoin-fiat payment mechanism like bitpay. The merchant doesnt even see the bitcoin, they don't even have their own address.

ede3d957... 1y ago

Bitpay is a fucking KYC exchange that reduces the value of everyones holdings. The last time I ecountered a merchant that "accepted" "crypto" through Bitpay. I said no thank you. GFY.

I agree, thats my point.

Donkey Kong 1y ago

I guess the whole world for you is within the United States.

I live in Netherlands

And if you have a bank account all of this already compromised. Better do all your transactions in cash

Even a bank account is better than bitcoin, since your transactions are only known to the banks, not the entire world.

(for privacy )

Okay 👍 I disagree but to each is own

👏👏 that’s my point! I am supporting the nostr:npub18tcc00lqpysdsurg567dllzg7jeyr5wcyk2v6w23rx3s3ygyze2qv32nxx every time I buy something with bitcoin from them plus I know it’s a strong chance after expenses are paid for operations they are going to keep some of the BTC I send them as an asset and not just dump it all for fiat.

Even as a software company, you can build solutions to help merchants to accept directly bitcoin and not visa fiat cards.

That Opago was just an example of how others are doing it right: direct bitcoin acceptance for merchants.

Which can come later. It doesn’t have to come now.

Plus you refuse to discuss how ditching my AMEX gold card to make fiat purchases is a step function improvement of getting off the fiat slave train.

Instead of pumping American Express’s bags and earning AMEX points which they can devalue or delete at anytime. I earn sats back from the nostr:npub18tcc00lqpysdsurg567dllzg7jeyr5wcyk2v6w23rx3s3ygyze2qv32nxx

From what I know AMEX doesn’t interact with bitcoin at all. If 10% of American Express customers left and came to the bitcoin company just imagine the revenue and profits they can generate to further a bitcoin standard and maybe even ditching visa prepaid cards and implementing their own network.

Is really sad to see how you are blinded by fiat mentality.

Doesn't opago just convert bitcoin to fiat? If so this isn't the bitcoin economy. In fact its the opposite. Exchanging bitcoin for fiat isn't a bitcoin exchange for goods. Its a fiat exchange for goods.