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20 sats \ 4 replies \ @elvismercury 11 Aug 2023 \ on: A few things I am bullish on bitcoin
I think Pete McCormack buying that soccer team is genius, for the reason you mentioned. Really good recent episode on that topic w/ American Hodl, even though up till now I hated AH as 100% shitposting noise.
I like your idea about offering a 20% discount for pay in btc. Seems like a giant opportunity for folks who so software work / consulting -- they can probably eat the 20% in the short term, and have the intellectual tools to manage it.
But it may not work so well for businesses with high operating costs. E.g. if you're running a restaurant, especially a budget one, most of your proceeds may go towards paying the bills. The only part that can take a haircut is the salary you pay yourself and your employees (if they're bitcoiners too).
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Yes, the idea really only works in service businesses or high margin businesses.
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Yes was a very good episode. American Hodl is a smart dude. There are a lot of smart people in bitcoin that are mostly shitposters. I think we will grow out of that.
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