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Moe OG
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SATOSHI SINCE 267488 FOLLOW: npub1m0eh0dl8rp2nq07y3293lms8nlu3q7hk67jeezfrd2duudlwncvsnzvt65

I didn’t expect to see CLE and #bitcoin on nostr. Looks like I need to go to my first meetup soon!

Nice day 1 analysis.

Statement on the Approval of Spot #Bitcoin Exchange-Traded Products: https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023

THIS IS GENTLEMEN

It looks like today is going to be another good day for #BTC!

I like the cut of his jib. nostr:note17chr9nmtn58qwl9ytdskmrhdc5tjfny94yz8njcnz7czvk5ry63s2848n6

Don’t miss the #Bitcoin birthday sale! #BTFD

Replying to Avatar anubisSonOfRa

Incorporating #Bitcoin into my business.

I personally hold bitcoin and do believe it's something that can benefit society as a whole. With that in mind I made the decision to accept bitcoin as payment at the business I own starting the first half of '22. I had already bought some bitcoin and placed on the balance sheet, but accepting bitcoin as payment was something else I figured. Checked with my accountant who did some investigation and came back to me with an OK.

Invoices sent by my business contain all the necessary info for making payments in bitcoin, ie conversion from national currency, wallet address, list of exchanges where to buy bitcoin etc. There's even a small discount of 5% if paid in bitcoin to entice clients.

During these 19 months or so, not one single invoice has been paid this way. Not only that, not one client has asked me what this bitcoin thing is all about. This is unfortunate and currently the state of affairs in the country I reside.

Starting today I'm increasing the discount to 20%, maybe that'll make one or two clients curious. If all invoices were to be paid with this higher discount and the price of bitcoin would remain flat at current levels of around $45 k, I'd still be OK financially.

Some background. It's an insignificant business in the grand scheme of things, but it's how I make my living. Started 7 years ago. Sells services, not goods. Pretty high margins currently. Few big well established clients who make up all of the revenue. No mom and pop shops. Clients always pay on time. Generates steady cash flow which has allowed purchases of stocks and bitcoin to put on its balance sheet. Future market outlook OK.

Assets

1) 15% cash for salaries, taxes and purchases of services / software / hardware

2) 85% stocks and bitcoin

Hoping this modified bait will have some effect and this post inspires others to do the same at their businesses even though my attempt hasn't been successful so far. I'm sure there're lots of people in a similar situation to me who could start accepting bitcoin if they wanted to, but who haven't given it enough thought. Why not? Take a stand, accelerate adoption.

In any case, these’re exciting times, lets see what '24 brings us!

Appreciate your insights! Your experience incorporating Bitcoin is valuable for businesses like mine considering this move. Thanks for sharing your journey!

Replying to Avatar nat brunell

Another 🔥News Block with the latest #Bitcoin  stories:

➡️Why nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m says spot #Bitcoin  ETF will be biggest Wall Street development since SPY

➡️SEC and ETF issuers meet to hash out details about in-kind versus cash redemptions

➡️Grayscale's Chair Barry Silbert resigns

➡️Argentina to allow financial contracts settled in Bitcoin

➡️Senator Elizabeth Warren's anti-crypto bill written by bankers who should be embracing Bitcoin

➡️#RunningBitcoinChallenge in honor of Hal Finney

https://podcasts.apple.com/us/podcast/coin-stories/id1569130932?i=1000639745611

Looking forward to catching up later tonight! I appreciate the short recaps