pull down to refresh
327 sats \ 10 replies \ @Natalia 21h \ on: Stacker Saloon
I was telling this to a friend last night: if you are running a small biz, people pay with their fiat bank, firstly, the payment processor takes 3%. Then, if you transfer the money to your local bank, another fee applies. If you want to exchange the currency, another fee is incurred. The fees are literally endless. That's before talking about the inflation.
But now if people pay in BTC, the fee is so low, and it's instant with lightning. Then, waking up today, someone paid me in Lightning, what a nice way to start the day!
Also, I want to share the joy of creating the product and then selling it for sats, you control everything, I mean EVERYTHING, it's your labor, your rules.
Bitcoin has fees both on chain and via lightning.
The infrastructure when battle tested fees explode to the upside.
We still have a long way to go to put compete the fiat 3% fee
But settlement is where Bitcoin wins hands down. Cuts out the middle men
reply
reply
The miners and node runners charge you a fee to confirm and route your transactions
Plus the network can’t handle the billions of transactions that happen every day. The chain was under heavy stress during the ordinals craze.
Once the masses are on chain then we will truly see if your statement remains the same
reply
a. I share this to encourage small business owners to accept Bitcoin payments.
Plus the network can’t handle the billions of transactions that happen every day.
that's why lightning is here.
b. I don't understand if you're so negative about Bitcoin why are you here?
reply
Not negative this is known amongst the ecosystem
reply
You accept and use Bitcoin TO FUCK THE BANKS AND GOVS, not to compete with banks fees...
reply