Subnostr

There are a lot of merchants around the world who would be ok to start accepting #Bitcoin payments, but don’t want to be exposed to volatility risk of BTC vs fiat they are operating their business in. Swapping to USDT on Liquid with non-KYC swap services is better option than using centralized payment processors like Bitpay.

Russo 2y ago

I know that, but that’s because they don’t have knowledge to do better, and if we didn’t open the bullshit door of shitcoinery on Bitcoin, they will only find bitcoin in the way Bitcoin used to be 🖤🤍

Because of that shit on Bitcoin and Dorsey and company filtering what is valid or not i never learned the importance of have a coin that doesn’t have shitcoinery bullshit on code.

Monero in less shitcoin than Bitcoin nowadays because the Privacy people don’t like shitcoinery on code.

Monero maximalists are Toxic because people like Dorsey and frends doing shit on Bitcoin…

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Discussion

mark tyler 2y ago

Nodes have always filtered what is valid and not.

Russo 2y ago

I know, but that’s not what im talking about..

Kristaps K. 2y ago

Merchants have their own expenses in fiat, it’s logical they don’t want to risk short term volatility, as small businesses often operate from day to day, don’t keep big long term cash reserves, where holding #Bitcoin would totally make sense. Owner can even be #Bitcoin long term hodler as private individual, but at the same time don’t want to do that with his company, as there primary goals should be to pay salaries to your employees and pay bills in time.

Russo 2y ago

Man i closed my first successful business last year to think what i what i want to do next.

So you are not teaching me anything.

If you are talking about an Amateur business owner that’s what they do.

Professionals have a fucking lawyer saying what they can do and what they cant.

That’s bullshit what you are saying, my lawyer that is a very good friend teached me well..

Kristaps K. 2y ago

It’s from my experience talking with small business owners around about them potentially accepting #Bitcoin payments.

Russo 2y ago

That’s why they are small, if they don’t want to learn, they will be small forever 😉

mark tyler 2y ago

Congratulations!

It’s not a question of amateur/pro or large/small, or lawyer or not, it’s a question of operating margin relative to bitcoin’s volatility, or more generally short term bill volatility resilience I think. Is it not?

Russo 2y ago

Yes it is

Russo 2y ago

Professionals don’t care about volatility

Russo 2y ago

And professionals never sell, they only buy

Kristaps K. 2y ago

How would, for example, small pub operate if their customers pay in #Bitcoin, they never sell, but their suppliers want fiat, their rent and utilities are denominated in fiat and needs to be paid in fiat?

Russo 2y ago

You need to understand small business’s will not turn down FIAT, and they use FIAT for everything, that’s why..

Russo 2y ago

They can use FIAT money to pay bills and keep the money that SMART people gives to them, EASY

Kristaps K. 2y ago

That’s with assumption that only very small percentage of their customers pay in #Bitcoin and fiat income is enough to cover all expenses.

Russo 2y ago

Do you ever opened a business?

Do you have experience to manage finance and never get your people out of money because of you?

My first employee was making more money that me, because what i wanted in the first business were the LESSONS, not the money

Russo 2y ago

That is true, only a small percentage have #Bitcoin to pay in #Bitcoin

That’s what separates reality from dream’s

Kristaps K. 2y ago

That’s not how you convince merchants to start accepting #Bitcoin - don’t worry about volatility, nobody will pay you in #Bitcoin anyway.

Numbers differ from event to event - during Baltic Honeybadger conference in Riga few months ago total turnover for street food merchants was above 1 BTC in a few days (see BTCPay Server report), they weren’t bitcoiners, they wanted fixing price in fiat, so there were configured automatic swaps to USDT on Liquid.

Russo 2y ago

I don’t care what you think, we only can lead by example 🤍🖤

mark tyler 2y ago

Oh come on man, this isn’t Twitter 🫂🫂🫂

Russo 2y ago

I’m #nostronly

Russo 2y ago

Do you have the numbers?

Less than 5% of people of the world have #Bitcoin

Go see the numbers, numbers and code never lie in #Bitcoin