254 sats \ 1 reply \ @Bitcoinisawesome 8 May \ on: First Time Using The Bitcoin Company bitcoin
@DarthCoin hisses at the people using this service some times claiming it’s a VISA company and you’re just supporting the enemy when using it perhaps even hampering bitcoin adoption.
There’s a good argument to be had there if you’re actually buying VISA credit cards however if you’re buying gift cards with bitcoin using the bitcoin company as the third party you are lowering the amount of middle men by quite a lot. Sure, it’s not as ideal as directly trading your sats for a good or service but at least we can lower the amount of banks involved this way. Now there is only three parties involved: consumer, btc company, and the business. That’s great!!
I wonder if these types of business will see legislative attacks in the US as well….
I still use phoenix in the US, it's amazing, however I'm having trouble finding a wallet to recommend when onboarding new merchants. Any suggestions?
heading to the farmers market soon to hopefully spend some sats.
Joe, another wonderful piece from you. I've been sending your videos to family and friends without much context because if they can't put the pieces together after watching your stuff, that's on them.
I LOVE the parts of this video where you take the time to explain some important things to the people who may need the explanation. I will be mass forwarding this video to all my no-coiner friends and family. Please, keep that up! Even if it feels redundant to you.
BEAUTIFUL!
Natalia! Great job. You are expanding the bitcoin network with every newcomer and it’s so important that those newcomers are using safe practices and are informed on why/how bitcoin.
Your work is equally as important as dev work, new bitcoin business, all of it. We need people like you creating MORE people like you, and you’re just straight up DOING IT!!! Many thanks for your effort
You may find it difficult to come up with an incentive to spend bitcoin however merchants everywhere are already incentivized to accept bitcoin. It's pretty cool that you can accept bitcoin for free and with no knowledge at all. additionally the cost of transaction is the burden of the sender, another win for the merchant.
This is what will allow Gresham's law to play out in the end. The inceptives to accept bitcoin outweigh the incentives to spend it, forsure. As more and more merchants try to desperately preserve value for the future in a ehicle that cannot be debased we will eventually reach a point where you simply cannot buy unless you have sats!
gradually then suddenly.
I can’t wait to mine one day! I just want to do it to learn and increase my ability to explain the magic of bitcoin to people. Some piece of land somewhere with power I generate myself with some fun way to repurpose the heat. The dream.
So only if from your personal perspective where you can buy goods and services with bitcoin in your own world will Bitcoin be money? What of the people who are living a bitcoin standard already? What of the people who have started to bank themselves with bitcoin because there no other options?
Bitcoin has no price.
During the Black Death, incoming ships were forced to wait for fourty days to orevent possible Infection. “Quaranta” is the Italian word for 40 and is where we get the word “quarantine”!
Fascinating
The Killer whale is the only animal that when seen divers MUST get out of the water, according to the US Navy dive manual, revision 6a.
And poker. Lightning will be amazing for online poker and will be one of the first non-bitcoin industries to adopt LN en masse, I think. Bitcoins on chain payment rails are already being used industry wide. I don’t doubt online poker alone has created bitcoiners. Business and consumer are both crazy incentivized to use lighting. Only a matter of time.
This is really nice and sats paid for the effort.
I will be sending this to those who need it. Great job!