Painful Truth:
We need more normal businesses that integrate Bitcoin than Bitcoin businesses that are creating yet another wallet/exchange/mining facility.
The former is what you'd call a traditional business, the latter is a VC funded business, which is largely running on fiat. We don't need more speculative companies that are still trying to find product/market fit that gets them profit. We need more businesses that really provide value.
You actually said it . . . holy shid. Truth
Probably. But "more" kinda makes it sound like it's an either or choice. Bitcoin only VCs are important. Normal/small businesses integrating Bitcoin is important.
anyone have suggestions for a point of sale that I can set up that even my btc illiterate employees can use ?
That's the hardest part. If employees barely can count cash correctly and push wrong buttons already, how can we expect them to fulfill lightning transactions. Most btc wallets etc are all designed around single users as the owner of the uxto. Most don't lock down seeds or balances or addresses from employees.
With that said zues is now capable of integration with square api and provides inventory pulls, and accounting of transactional values.
How's it any different from credit cards? Those payments don't go through sometimes too.
I have to literally help them set it up on their phone etc if they agree. I can offer a discount for sats and basic explanation. They still are not usually interested. Pls link simple resources e.g. a pamphlet I can print or 1,2,3 type instructions for the ladies CALL 877SATSNOW
What do you mean when you say integrate Bitcoin? Accept it as payment? Or something else.
Yup, we need more bitcoin companies the same way we need more calculator apps
It reminds of startup culture in Seattle circa 2017.
Another painful truth is that widespread adoption of Bitcoin as money (i.e.- transaction medium) will require eliminating the concepts of UTXOs, lightning channels, and transaction fees at the consumer level.
The average consumer understands "I give you this in exchange for that," and honestly, they're right.
We are so early in more ways than one.
Maybe don’t even have the customer interact with BTC directly at this point. Just have BTC be part of a (profitable) businesses balance sheet like microstrategy. Just having businesses aware of this savings technology is hugely important. I work in commercial real estate and I’m currently trying to get my boss and some building owners I work for to adopt it as store of value tech. I want to see the monetary premium built up in real estate converted to BTC. Doesn’t require consumers to interact with it, nor does it require the latest in wallet tech, zaps, ecash, etc. It requires sound business practices and self-custody. Foundational stuff.
