Pay Me in Bitcoin Theory \ stacker news ~bitcoin

Pay Me in Bitcoin Theory graduallythensuddenly.xyz/pay-me-in-bitcoin-theory/

5842 sats \ 21 comments \ @k00b 20 Sep 2023 bitcoin

676 sats \ 0 replies \ @kr 20 Sep 2023

beat me by 6 seconds 😨

1198 sats \ 0 replies \ @siggy47 20 Sep 2023

Very good article. Makes me want to start a bitcoin only business. Also, the discussion of the awareness of the gambler/speculator reality got me thinking of p2p exchanges like robosats. Sorry for crazy tangent. The common liquidity issues could be helped along by market makers who speculate on fiat/btc price fluctuations. They come for the volatility, but will eventually appreciate bitcoin as a long term store of value.

1106 sats \ 1 reply \ @TheBTCManual 20 Sep 2023

I have been using Zaprite and I think it's a great tool, It makes it so easy to invoice in Bitcoin, and I wish more people would take me up on it

I've only had some customers take me up on the offer/discount and looking for more creative ways to get them to switch, but I can't say I've been successful, people are still keen on cash or using networks like PayPal because they've already sunk time and capital into those things and saving on fees or getting a discount isn't always enough to encourage a BTC transaction

I also think the wealth effect comes into play with Bitcoin, if you've been stacking a long time or you're in a bull market and you feel like you have all this extra spending power, you are likely to want to spend it and would want to look for spending in a way that has the least friction, instead of selling on an exchange you'd rather do a direct exchange for goods and services

0 sats \ 0 replies \ @k00b OP 20 Sep 2023

you are likely to want to spend it and would want to look for spending in a way that has the least friction, instead of selling on an exchange you'd rather do a direct exchange for goods and services

This friction point was my favorite insight of the article. We will shift to using bitcoin as a medium of exchange if/when we begin accounting for this friction.

It also implies the path to new money is niche store of value -> niche medium of exchange -> store of value for more people -> medium of exchange for more people and so on.

I have been using Zaprite and I think it's a great tool, It makes it so easy to invoice in Bitcoin, and I wish more people would take me up on it

I've only used @zaprite on the paying side, but I remember the first time I used it and being genuinely impressed ... I had to praise @john immediately. It's self-sovereign in the most important ways and dead simple to use otherwise. It support fiat payments now too if the buyer is unwilling to use bitcoin.

10 sats \ 4 replies \ @TheWildHustle 20 Sep 2023

He's super bearish on V4V and Nostr, but zaprite acting as an accounting system for all these micro-transactions would be cool.

15 sats \ 0 replies \ @kepford 20 Sep 2023

Here's the deal on MANY people that are "bearish" on value for value. They really aren't. If they were they wouldn't be bitcoiners. They are bearish on V4V working for their podcast. By working I mean they won't make as much money. This is currently true for many podcasts that are attractive to advertisers. But there are many podcasts that are not "brand safe". There are many that have value but we don't know how much or how little. V4V is simply the free market. Also, V4V is more than podcasting. V4V when applied to media is different from the traditional ad model. In order for V4V to work at scale it requires a money like bitcoin. It requires a network like Lighting. It also requires people to internalize the idea that their time is worth something and that the information they consume has value. The vast majority of people still do not get this. The shortest way I can explain it is fiat brain.

10 sats \ 2 replies \ @k00b OP 20 Sep 2023

He’s on nostr now though (although I don’t think he wants to be lol).

V4V is very young. It’s still not clear what it means I don’t think.

254 sats \ 0 replies \ @kepford 20 Sep 2023

Every time I hear someone bearish on value for value I just laugh. I mean, I get it on one level. Its a model that doesn't work for everything at all times. But in other ways it is not new at all. It is just a new name for something humans have been doing since they have been trading. Got a burr in my saddle this morning before work and wrote this about V4V. There's this thing in modern culture that if something isn't on the Internet it didn't happen. Part of it is just laziness and part is just ignorance. Everything is not written and published on the Internet. So I got off my butt and wrote what I know.

113 sats \ 0 replies \ @2bithits 20 Sep 2023

I believe he still isn't.

Apparently rockstar made an account with his picture & used his strike account to receive zaps.

206 sats \ 8 replies \ @BlokchainB 20 Sep 2023

This article would have more credibility if @zaprite actually charged for their services in bitcoin. How can Parker write this when his own company is getting ready to charge bitcoiners $25 a month? Come on @DarthCoin. Why aren’t you being harsh on them for selling their services in dollars. What’s stopping them from setting their pricing in sats?!?

50 sats \ 3 replies \ @DiracDelta 21 Sep 2023

Here you go -- I demolished these fools!

Referenced post: https://heaviside.substack.com/p/the-forgotten-fourth-function-of

0 sats \ 2 replies \ @BlokchainB 21 Sep 2023

I know this space has a lot of circle jerking but this zaprite stuff just seems so odd to me. Parker was at unchained then ends up at zaprite then writes this piece but yet zaprite is moving to a fiat flat rate subscription model. Like WTF

0 sats \ 1 reply \ @DiracDelta 21 Sep 2023

It's because Zaprite is unimportant junk like most Bitcoin startups and people have an action bias. Better to do fake things than shitcoining though.

0 sats \ 0 replies \ @nemo 21 Sep 2023

deleted by author

0 sats \ 3 replies \ @DarthCoin 20 Sep 2023

I said that the article is good from the perspective of "pay me in bitcoin". Zaprite is a commercial business and they are free to charge whatever fee they want. Ahhh, they sell it in dollars and do not let me to pay in bitcoin? Then yes, that is hypocrisy and I will not take it for granted.