Replying to Avatar Sirius

nostr:nevent1qgsy2ga7trfetvd3j65m3jptqw9k39wtq2mg85xz2w542p5dhg06e5qpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtcpz4mhxue69uhhxarjvee8jtnfwf5hxtn5duhsqgzuw7me7uuxavjztzx2jews2n6kwqphy4n6wcqktcy9hvqrewa2tqtcgxy9

I was thinking of doing this in Finland, but then you'd be a money transmitter and probably have to do KYC, which trashes the UX and defeats the purpose.

Setting up BTCPay Server or https://opennode.com for my favorite online stores might be a better way to make them accept bitcoin. Help them with bitcoin storage, exchange and accounting. The EU kindly doesn't yet require KYC from them.

What would be even more rad? Crawl online stores onto Shopstr, let users send orders that are paid in Cashu. Notify merchant of pending orders and let them redeem the nuts. User can reclaim the payment if merchant did not respond.

With all this foresight it's necessary to build parallel rails. If merchant adoption raises substantially they will just make it KYC. They want to get rid of cash and they fight non KYC cryptocurrency use.

And as long as they have power they will enforce anything that keeps it that way.

In my opinion it's a waste of time building solutions for the status quowhen the trajectory is more than clear.

Think about merchants who want to opt-out. What do they need? How would they do it? That'll be the real market!

Reply to this note

Please Login to reply.

Discussion

No replies yet.