Fucking merchants ain't ready for Bitcoin only, losing out on like 80% of my nodeless leads because they want cRyPtO and sTaBLEcOiNs
Definitely too early on this
Discussion
I guess they’ll learn the hard way
We 𝙨𝙩𝙞𝙡𝙡 early.
20% will get 80% of the NGU then
Dropping just my two cents, my POV is 100% based on my experience living in the third world. Most merchants around me need every dime they make. They can’t afford the risk of the price of bitcoin going up or down. This is when stablecoins become a solution for them.
I firmly believe that eventually these people will have better opportunities to reach true financial freedom if they take bitcoin payments but we also need to understand that they are usually dependent on the money they get daily to be able to eat and feed their families
TLDR, Fiat causes high time preference behavior.
That’s why bitcoin adoption is not only about taking payments with bitcoin, we need to slowly immerse people in the philosophy itself. I try to gift people copies of The Bitcoin Philosophy from nostr:npub19dg0l8fnsv0xjnjx28t54g6xvt40ly3mpk5hj7fgmaeds8fk3dfsk76yd2
I'll add that one too my reading list.
I have been trying to tailor my entry point lately. Bitcoin has many facets. I try to figure out what facet will interest them and then show them that side first.
More maxis need to understand the practical benefits of stable coins in third world countries
I would have thought than non-instant transaction confirmation and tax management overhead would also have been two main barriers to adoption for merchants.
I can understand that there are businesses that need a "stable" money. Most of the economy depends on it.
Exactly why Casa added ETH and will be adding stablecoins shortly. Our sales team kept showing us how many deals we were losing.
Yeah it's understandable. We are sticking to our guns on this. Sats only, I don't mind being poor and only having psychopath customers 🫡
I at least think stablecoins are a useful bridge for a lot of people and specifically in certain areas in the world. CrYpTO on the other hand…