Not Your Keys, Not Your Coins!
Just a reminder:
Not Your Keys, Not Your Coins!
#BTC
If you are a business that accepts crypto, consider using the 200 day moving average as the exchange rate to price your goods / services.
If you had to use a stablecoin everyday, which combo would you choose & why?
It would be nice to have more manufacturers / producers accepting crypto.
True! It seems regulation (or services afraid of potential regulation) are turning toward more personally invasive procedures.
Share this video with the uninitiated.
There is always BitRequest.io
As a merchant, what are your top issues with current electronic payment options? Which payment processor(s) / services are you currently using? Which have you tried in the past? Are you set up now to accept crypto?
When was the last time you used cash?
Er. $157,000.00, perhaps?
This will put a chink in the plan :(
https://bitcoinnews.com/legal/wallet-of-satoshi-quits-us-market/
You may need to swap your #BTC for #XMR if you want to spend your crypto.
XMRBazaar.com
#RetoSwap #Bisq
I hope for the best with this, but politicians be politicians.
Aaron covers some good points related to pending crypto legislation (somewhere is this episode).
https://audio3.redcircle.com/episodes/2e7f60c8-7c84-460d-98cb-b5ef14ae9dd4/stream.mp3
Agreed. However, with so many available choices, sometimes people just like to be told what to do.
The general public has no idea what crypto is or how it works. They have no idea that it began as money. Really, even WE don't know what crypto is. Most here on Nostr are interested in the UTXO cryptos, not even considering Ethereum based crypto for money, imagine what the uninitiated must think!
I'm ok with keeping Eth out of money, it's not created for that. It's for contracts and record keeping, real bureaucratic stuff.
This is why I focus on a small basket of long standing coins. The age of the coins I chose builds trust via familiarity (especially Bitcoin).
Of the coins I've chosen, Bitcoin Cash (BCash) is by far the easiest to use. Within 35 seconds, a total stranger can be in crypto (using Selene.cash wallet), in just another 5 -10 minutes a BCH POS can be set up (using either pos.cash , bitcoin cash register app, or bitrequest.io ), the usability is truly amazing.
Litecoin is on the list because of it's current popularity as money with BitPay, and because it's a mainstream coin with a very good fungibilty feature, MWEB, which allows for a good amount of privacy without pissing off the law (not yet, anyway).
Monero is in my basket in part because of it's privacy, but largely because the community is very focused on their coin being used for daily use. They have 2 very good Amazon style marketplaces, XMRBazaar.com & MoneroMarket.io . Both are less than a year old and are growing fast.
USDC (I know, I know, it's Ethereum based) is there because it is the most trustworthy stablecoin. Yes, privacy sucks, but it is in the defi world so swapping to another coin can be simple (Komodo Wallet). Unfortunately, there are multiple layer 2's for it and this causes A LOT of confusion (and unwanted expense), so I take this choice one step further and promote using the lowest fee layer 2 I know of, Polygon (POL).
There it is, multicoin, but I've staked a marker as a ground-zero from where we can all start.
Fortunately, because of the great work being done on bitrequest.io , no one is limited to this small basket as bitrequest allows for acceptance of hundreds of coins / tokens.
Nevermind big mainstream stores. Focus on small businesses. Businesses who benefit most from paper cash transactions and avoiding credit card fees: your landscaper, auto detailer, etc.
Volatility, Taxation complications. The fact that most grocery stores are major corporations and have no real need for what crypto offers - an escape from a technocratic state (oh! the irony!)
Thoughts on stablecoins being used in an everyday scenario?