21 sats \ 21 replies \ @Natalia OP 24 Oct 2023 \ parent \ on: Maybe All you Need is to Ask - Do you Accept Bitcoin? ⚡️ bitcoin
I also have Blink on my phone, but one thing I don't like about it is the stablesats there, causing more confusion for people, so I used WOS to start.
I like and support the KISS method and kudos for the work.
A few more reasons to consider Blink:
- the owner can make a custom lightning address with the name of his local for example
- any of his employees can charge lightning payments directly to the owners wallet by opening the lightning cash register in any browser
- can print and display a scannable paycode for payments, tips...
If he asks about stablesats can tell him he can use it if he knows he has to pay a fixed fiat amount in the near future.
I know is more complicated but also it shows the power of btc/ln.
Blink is continuosly improved and they plan to make it non custodial.
Also Wos has a too big market share and the Blink crew deserve the promo.
May be a future step for the owner and will show him that there are various solutions.
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Zeus has Square integration too. I am going to play around with that and see how well it works.
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the owner can make a custom lightning address with the name of his local for example
I also noticed that the shop LN address would be listed in the integrated BTC map.
any of his employees can charge lightning payments directly to the owners wallet by opening the lightning cash register in any browser
cool, let me test this one.
And I would continue to prefect my pilling process, making it so SIMPLE and they can't say no 😂😂😂
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Enjoying the discussion on the differences between WoS n Blink. Thanks mate
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Blink is only non-US, right?
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what do you mean? Any non-KYC app is borderless.
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Are we talking about the same thing? Blink that was formerly Bitcoin Beach Wallet? Yeah, that is unavailable in US. From their website: "Blink is unavailable in some countries' app stores, including the US."
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Blink is unavailable in some countries' app stores, including the US
oh interesting, I didn't know this, but there's an easy problem to solve! simply change the app store location, I have three accounts with different locations myself - during my time in the communist country, I learned my way to solve these problems, because many things were blocked 😂😂😂
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Not just that.
Don't use any play store. Just download the apk from github or use Obtainium.
This is key difference between WoS that REQUIRE google services (aka tracing) and Blink that do not require it.
Yes, Blink require a mobile number to start but that again could be any.
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Don't use any play store. Just download the apk from github or use Obtainium.
new hack marked, but I haven't switched to Android phone yet; I was thinking of getting rid of phones 😂 buying a new phone and then just for a few Apps seems silly? and I don't need to call or anything.
This is key difference between WoS that REQUIRE google services (aka tracing) and Blink that do not require it.
I wish they would abandon the stablesats, then Blink would be the coolest APP for noobs.
Def have heard this feedback before (I work for Galoy / on Blink). Have been considering some improvements to reduce confusion. Do you have any feedback/preference on the below:
- Call it "Dollars," not Stablesats, making it simpler to explain (of course we can have popup that explains and mentions stablesats)
- Start off accounts with only the Bitcoin account, and allow them to "turn on" a stablesats account if they want to use lightning without the short term volatility of BTC
Awesome onboarding work 💪
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- make stablesats optional to main screen
- allow to save contacts that use other wallets
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Good inputs, thanks @Lux
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thanks, and I'm curious why adding Stablesats in the first place, is it meant for merchants who would like to cash out some fiat from sats for their suppliers?
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Yes, so in areas where people come to Bitcoin as medium of exchange first (vs. Store of Value), short term volatility is quite an issue. These folks often don't have a bank account, and using Bitcoin allows them to accept digital payments for the first time.
Stablesats allows somebody to get the benefit of instant, global digital payments without needing to be subject to short-term exchange rate volatility.
Example: Small shop accepts BTC and has to pay their rent or inventory at the end of the week, in fiat. By holding their BTC earnings in Stablesats, they can be sure that a 8% drop in BTC doesn't affect their ability to operate the business.
And it's fully lightning interoperable, so other people have found it quite useful as well. For instance if you are traveling and want to have spending money on hand, you may want to fill your Blink wallet with some sats and not worry if the fiat value of those sats is changing day by day.
Other feedback and/or questions are welcome
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Wrong.
Stablesats are giving a false impression of "stability".
Those people could just simply price everything directly in sats and forget about any fiat price.
Then let the free market decide the VALUE of a product/service in sats.
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Haha just seeing these responses @DarthCoin.
Look, everybody who works at Galoy and on Blink understands that 1 BTC = 1BTC.
The dollar is a shitcoin, but it is the best shitcoin. In US/Europe people say "Buy bitcoin with the intent to hold it for at least 4 years". It's a different context, where Stablesats is useful. People who don't have access to banks, don't have access to dollars, don't have savings, and don't understand Bitcoin (yet). If they earn $30 on monday, they need it to still be $30 on friday when their rent is due. Rather than making them find an ATM or P2P exchange every time they earn money, they can now receive directly to stablesats or convert the amount they want to it.
Also it takes time and energy of local community builders to get a merchant to accept bitcoin, and to get people to spend bitcoin there... Folks have to be quite deep into the rabbit hole before pricing their products in sats at this time.
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Yes, I had the same feeling.
You are right, noobs will start asking more stupid questions that are not necessary.
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keep it simple and stupid is the way.
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