pull down to refresh

If you spend bitcoin for your purchase do you care if the seller liquidates?
339 sats \ 25 comments \ @spiderman 14h bitcoin
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.
write
preview
related posts
102 sats \ 0 replies \ @optimism 5h
It doesn't matter. Not your keys not your problem
reply
169 sats \ 4 replies \ @aljaz 12h
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.
reply
0 sats \ 2 replies \ @m0wer 7h
Sure. But then for most cases, where privacy is not that important, I'd rather get rid of the weak money that I have more than I want of (fiat).
For example, why bother changing fiat for Bitcoin in Bisq or similar to then give it to bitrefill for an Amazon gift card? I'd rather avoid the trouble and just pay in fiat to Amazon myself.
But I'm willing to go the extra mile if the merchant directly accepts Bitcoin.
reply
0 sats \ 1 reply \ @aljaz 7h
well, don't do it then?
do you understand how ridiculous is to ask someone this right? Its like asking which bank does your payment processor deposits your fiat to, everyone would look at you like you're retarded and politely tell you to fuck off.
if you earn/save in bitcoin then you're spending bitcoin because you need to pay for something. and you'll use the method that makes the most sense, if you need to do 4 different steps, dance around with a naked monkey and put a jellybean up your ass to just pay in bitcoin so you can then complain online that a merchant has converted to fiat then it makes no sense
because bullying merchants into accepting bitcoin has never made sense. if we would've focused on the supply part of the problem, creating ways for people to earn bitcoin instead of spend bitcoin the demand part of the problem would be fixed instantly because the market would pull it out of ppl.
you don't want to go through 5 steps to pay with bitcoin because its complicated for you, but nobody ever considers that it might also be annoying for the merchant? likely all his expenses are in fiat, completely possibly that he operates on razor thin margins and needs the liquidity to operate the business, there are many reasons why it doesn't make sense for a merchant to hold bitcoin. theres also many reasons for why it does. But it is completely at their discretion and should make absolutely no difference to the party who is paying to the bitcoin, otherwise they are not paying for a service/product but larping god knows what
reply
0 sats \ 0 replies \ @m0wer 6h
Sure, that's my point. I'm criticizing the Bitcoin only cult mentality.
The idea of making the effort of spending Bitcoin instead of fiat with a particular vendor is some kind of tip or favor that you do for them. It only makes sense if they want to keep the Bitcoin, otherwise as you said you aren't doing anyone a favor.
I think about it as in “I give you these sats that I have spent effort acquiring so that you can skip those steps”. Because as long as one earns fiat, it's almost always going to be more convenient to pay in fiat.
reply
0 sats \ 0 replies \ @Natalia 9h
if bitcoin is money, then why do you care what the counterparty to the transaction does with their money after the transaction was complete?
this!
reply
47 sats \ 0 replies \ @Atreus 11h
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.
reply
34 sats \ 1 reply \ @DarthCoin 11h
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.
reply
10 sats \ 0 replies \ @itsrealfake 4h
came to say this..
if I wanted to sell sats to the bank, it wouldn't be that hard. my hope is to see those who wouldn't otherwise have encountered an exit from fiat get their opportunity.
if I'm not orange pilling, I'm probably saving my stack
reply
10 sats \ 0 replies \ @Solomonsatoshi 12h
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.
reply
31 sats \ 0 replies \ @j7hB75 12h
By principle, fuck no. Do whatever you want.
reply
29 sats \ 0 replies \ @standard_sats 9h
You are too emotional and attached to bitcoins.
The point of circular economy is not in controlling of how people spend. This is much of the point of CBDCs. It is an ability to earn in btc in the first place, and exercising purchasing power is the next.
reply
0 sats \ 0 replies \ @88b0c423eb 6h
only if it's 21% discount
reply
0 sats \ 0 replies \ @jgbtc 6h
If a business accepts fiat and then immediately converts to bitcoin, should the fiat paying customer care? I can't think of a reason why they should, and the same is true going the other way.
reply
0 sats \ 0 replies \ @327c19b153 6h
  • After you pay, it’s their money. You don’t have a right to know or control whether they hold or sell unless that was agreed before the payment.
  • If it matters to you, make it part of the deal up front. Ask for a “we keep X% in BTC” policy in exchange for a small discount. No agreement, no expectation.
  • Vote with your spend. Pay BTC to merchants who publicly keep some BTC or use non-custodial rails. Pay fiat to everyone else. No shaming, just selection.
  • Decide case by case with a simple check: Value you get
    • how much it matters to you to support BTC use − exchange fees/traceability you don’t like − hassle to pay in BTC If that total feels positive, pay in BTC. If not, pay fiat.
  • Merchants who instantly sell aren’t “wrong.” Many have fiat bills, thin margins, and tax constraints. A circular economy grows faster when more people can earn and settle costs in BTC, not by policing what happens after a sale.
  • Practical options (only if both sides want them):
    • Two prices: fiat price and a BTC price that improves if the merchant keeps more BTC.
    • Simple proof: the merchant states a retention band (e.g., 20–50%) or shows they run non-custodial Lightning. If they don’t, the price reverts to the standard rate.
    • “Minimize exchange use” pledge: merchant prefers P2P or non-custodial rails. If not, they lose the BTC price perk.
Bottom line
  • No right to control post-payment. If retention matters, price it into the deal or choose a different merchant. Build the loop with contracts and choices, not with moral pressure.
reply
0 sats \ 0 replies \ @criptopanas 9h
I do, but I know I shouldn't.
As soon as the payment is done, the SATS are not mine anymore.
reply
0 sats \ 1 reply \ @d01abcb3eb 9h
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.
reply
1 sat \ 0 replies \ @spiderman OP 9h
So bitcoin is obviously at a Grisham law state, it is hard to find a cost effective merchant that takes only sats. There are websites like airbtc or btctravel but they charge a lot compared to their fiat counterpart
reply
0 sats \ 0 replies \ @brentkearney 10h
Newp
reply
0 sats \ 0 replies \ @2053456d48 11h
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!!!
reply
0 sats \ 0 replies \ @unboiled 11h
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.
reply
0 sats \ 0 replies \ @kilianbuhn 12h
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
reply
0 sats \ 0 replies \ @hyperfree 13h
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 :)
reply
0 sats \ 0 replies \ @030e0dca83 13h
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
reply
0 sats \ 0 replies \ @OT 13h
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.
reply