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Reagan
a722efb736e87c056d182e60577a52e1994daf90c9f1e81e3655d3cdf49fd3e4
Jesus died for our sins and rose from the dead. Aspiring homesteader. Sat stacker.

Credit card processing fees too. Which is essentially another tax.

I kinda wish some of these early adopters, especially small local govts, would have a way to receive zaps or other small donations as a show of support for them. I know that’s like an optional tax- and probably high risk for people impersonating with scams… probably easier said than done

For security/privacy, I don’t want people in real life to know I stack sats- but at the same time want to know who in my life stacks also so we could trade with it between each other.

I like this idea- any idea how to really do this? I would buy sats from people I know, if they had BTC and needed to sell. But how do they know I’m a buyer and how do I know they need to sell? Honestly I don’t know any real world people with BTC… so maybe someday this will be feasible more than today.

Totally agree. I wasn’t as confident of BTCs future a few years ago when I was tipping her, say, $30 in BTC vs $20 cash, and for all I know she might have quickly moved it back to USD after she got it. I should ask her…

I also picked up some sats cards from coinkite to load up for this upcoming graduation season. The new high school/college graduates might be more interested than my average gen X friend.

For what it’s worth- we just don’t drink much, or I’m sure I’d be a customer. I will definitely order as gifts in the future, as I definitely seek out businesses like yours to support. I have a ton of respect for you and other merchants moving the ball down the field for all of us.

While I don’t have a business myself, I do help coordinate farm products (dairy, eggs, etc) from a rural farmer to our suburban area. He drops off orders weekly at my house, and I distribute and collect money. Of the customers we have, nearly all ask to pay me with Venmo, and just a couple use cash- and I pay the farmer in cash. Nobody (yet) will use BTC. I try to encourage it, but no takers yet. We are, as they say, still so early. My one success with BT. was with our massage therapist, who I offered to tip in cash, or tip 1.5x in BTC. She’s the only one who was interested by that offer enough to accept it. And she got some sub-$30k sats for it!

I prefer the transparency, 100%. Personally I’d rather see the credit card fee added at checkout, and hopefully that visibility spurs a desire for the merchant to offer a “fee free” payment method. Using my meat provider as an example, he will accept cash, check, BTC on chain or lightning, and any credit card. But all are the same price to the customer. Which means he’s taken the credit card fees that most orders will cost him and spread it out into the cost of all the products. I will still pay him in BTC since he’s one of the few I know in the physical world who accepts it.

I’ve noticed a few online merchants who are adding their credit card fees to the purchase price, which makes sense. But often there’s no alternative payment method. A brick and mortar store could add a credit card fee and have a cash price, but that doesn’t work on line. As a consumer and speaking just for myself, I’d appreciate it if the merchant didn’t average the credit card fees over all purchase types, but (for example) said something like cash/btc might be $100, but credit card price like is $103. I agree with the incentives and desire for adoption, but I also know that if the price for cash/btc are the same to me as credit, and my card gives me 1-2% back, and is more convenient at check out, that’s an incentive too. I know it’s not a lot, but it adds up over time.

Totally. A kid playing Monopoly knows you can’t just add a ton of money into the middle of the game without it jacking up everything.

The logic that a “golden asteroid” would make humans rich shows just how little understanding some people have of what made gold money for so long of our history.

Sounds good. I’ll check back on Oshi in time and see if Born To Be Free shows up. I like the concept of that app and finding merchants and events that take BTC. I just want to help build the use of the tools and sites that can help spur adoption over time. We can all look for vendors who accept BTC and support them as much as possible- even if that’s with fiat payments for now.

Replying to Avatar Guy Swann

People who don’t realize the problem of trust and custodianship is one directly proportional to the amount of value just really confuse me…

It makes perfect sense to me to have a hierarchy of risk/trust based on how much value is at stake:

• Large savings, planning for the future, major life purchases = on chain holding your keys, best as multisig, imo.

• Monthly expenditures and income, regular purchases, a few weeks worth of funds = Lightning non-custodial, your own node when possible, otherwise LSP on mobile (like BitKit, Phoenix, Breez, Blitz, Zeus, etc) is a perfectly reasonable trade off.

• Daily zaps, small amounts, playing with features, a few hours or a days worth of value = custodial Lightning, ecash, Liquid are all fine. Very little risk, can easily withdraw up a level to self custody Lightning if it grows too large.

The people who hyper focus on the bottom of the value totem and squeal that the system is “broken” or “doesn’t work” because a lot of people use a custodial service, are missing the forest for the trees, imo.

Of course, we would love to have perfect UX for self-custody from top to bottom, but in the meantime, there is nothing wrong with using custodians for explicitly low value payments and small amounts. In fact ecash is pretty dope in that scenario, because you get amazing privacy with it. This isn’t even a controversial take to me, yet it seems like it is to tons of other people. To the point that even noobs are made to feel guilty about it. Thats ridiculous, imo.

Analogy: It’s the difference between sitting on a bench with a stranger and leaving $20K in cash and asking them to “hold onto it” while you go buy a donut, or asking them to watch your cup of coffee. If you come back and your coffee is gone, you’ll be like “damnit”… and then get on with your life or go back into line and grab another. Spending more energy than it’s worth arguing and coming up with some brilliant way to keep your coffee chained down and secure on the bench, isn’t a huge priority. But securing the $20K in cash sure as hell is.

So anyway, if you have a node, run your own lightning, and can use NWC with something like nostr:npub1getal6ykt05fsz5nqu4uld09nfj3y3qxmv8crys4aeut53unfvlqr80nfm Go, definitely do it because it’s awesome. But if you are using a custodian for some small payments, a Lightning address, or to zap people and you understand the risk you are taking, then that’s perfectly fine too and you don’t have to feel guilty about it like you’ve “sinned.” Just withdraw to your keys when you look at the amount and think “it would suck to lose this.”

Just my 2 sats

In the traditional system, you might have an IRA/401k for long term retirement savings, CDs or money markets for medium term savings, a savings and checking account at a bank for routine bills and direct deposit, and then credit cards and some cash for walking around with. Most people inherently understand there’s a place for each type of value in terms of risk and storage and liquidity. I see BTC through that lens. Cold storage, hot wallets, ecash, even the ETFs, can all have a place in the overall picture. We can hate what banks have become- but still recognize that forever people have desired a safe (and insured) location to hold their funds. I for one am happy to support businesses leaning forward and building the future we want to see.