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As the title says. Do you care or feel you have a right to know whether the seller is liquidating on spot (via some exchange) to get USD or he holds it, possibly paying some staffs with it?
Yes, I want to support a bitcoin circular economy, but i don't want to enrich an exchange, unless the seller is giving me a significant discount for my sats.
10 sats \ 0 replies \ @aljaz 2h
i think its a completely misguided line of thinking.
if bitcoin is money, then why do you care what the counterparty to the transaction does with their money after the transaction was complete? You paid for the service/product, if you're satisfied with the transaction thats the end of it. The food doesn't taste better if the sats end up in your favorite brand of hardware wallet. Its not your money anymore. You're not giving away your children for adoption to a good family, you are paying for a service.
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Can understand why some retailers will do this because it greatly simplifies their tax recording requirements. At least they are enabling people to use Bitcoin as a MoE even if that use is somewhat compromised by the sly and obstructive tax laws nearly all so called liberal democracies have imposed. Recall some brave businesses in Thailand risking a lot to accept sats while knowing the government had banned such MoE use. They are heroes in my eyes. Few Bitcoiners have that courage. Most autocracies outright banned MoE use yet some brave citizens/businesses in those autocracies nevertheless ignore these bullshit MoE obstructing laws and accept bitcoin regardless. Support any retailer that accepts sats. In my experience restaurants that accept sats are almost always extremely good value. Its a great way of filtering out the huge range of food options when you are traveling.
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21 sats \ 0 replies \ @j7hB75 2h
By principle, fuck no. Do whatever you want.
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I have yet to encounter this conundrum. I obey Thier's law, and only spend sats when nothing else is accepted. When that is the case, I'm pretty sure the receiver keeps them (or at least that I've used the sats very well). When it's not the case, I do my very best to obey Gresham's law, and dump my bad money first. The only exception is when I'm influencing - meaning that I pay extra for spending sats to make an observable statement to potentially swayable audiences. And then there is not much focus on what the seller does with the sats after the transaction.
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Newp
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Yes, I care much. That's why I choose wisely where I spend my sats. But I cannot enforce them to do whatever they want.
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It think it's matters as that's directly or indirectly going to impact on the overall Bitcoin price value in the market. But hope is that someone is going to put it back to Bitcoin and sats again. Long live Bitcoin and sats!!!
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0 sats \ 0 replies \ @Atreus 1h
See the fiat price right now? It's slipping down close to $95k again. If last week or last month you suggested a normie to keep his Bitcoin, he'd be giving you shit today.
You're not their nanny or friend. Suggest it once at most. After that, not your business what they do with it.
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Right to know? Hell no.
Sure, I'll be more inclined to support merchants who are likely to keep sats over those who don't. But it's only one of many factors.
I want to support a bitcoin circular economy, but i don't want to enrich an exchange
The premise is a bit off. You're not enriching the exchange, the merchant does. Even so, I prefer being party to enriching an exchange over using fiat more than absolutely necessary.
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No
  • other people are allowed to do with their property whatever they want
  • transactions are done when both sides see net present positive value in the trade
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Net positive because in a few years the merchant may become a stacker and regrets that he was selling his earnings. Regret can be a strong motivation to stack with great discipline. Also, it's a possibility to get educated about p2p payments and removing intermediaries in general. So see it as a long-term dry test until people get more comfortable upgrading to better money.
"Do you have the right to know" just checked the constitution and it didn't say anything about such a right. But you know, you can always ask :)
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Today when I send sats to people I love I know they'll either lose their seeds or never sell because they don't know how.
Feel bad when I found out people sell to get dollars. In this case they follow the same mistake I and thousands other people did.
Today: we have to $ell dollars to ₿uy sats.
Later: use our sats to live Bitcoin standard
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0 sats \ 0 replies \ @OT 3h
I kinda do. If you get a chance to talk to the boss or manager I think you'll be able to tell where they are on Bitcoin.
It's possible some will use it to simply increase sales.
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