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205 sats \ 1 reply \ @elvismercury 16 Jul 2023 \ parent \ on: We need to support Bitcoin merchants more! ✅️⚡️ bitcoin
Agree. I've thought before about crusading for a "Take Ten" policy, which you can capture in two rules:
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If you're a vendor, you give clients ten percent discount on jobs if they pay you in bitcoin; but that you do not just convert btc that you earn into fiat, rather, you stack it, or spend it on other services denominated in btc.
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You try to get ten percent of your work invoiced in btc this way. If you wind up with more than ten percent of your work paid in btc, then you can convert the part greater than ten percent to fiat, in contrast with rule #1.
I figured this might be a reasonable compromise -- ten percent is non-trivial discount for work in the real world -- from the client side, if you're paying $4k for something, $400 savings is significant, and worth the trouble of downloading a Strike or Cash App wallet and funding it; from the vendor side, it's not so much that that leaving that $3600 in btc would kill you, probably, if it collectively added up to under ten percent of your billables.
Take Ten would incentivize the vendor to find places to spend btc, and it would incentivize clients to look for vendors who followed the "Take Ten" policy.
I like it... keep working on it!
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