Which businesses will pivot to Bitcoin / Lightning / Nostr?
6681 sats \ 26 comments \ @davidw 23 Dec 2023 bitcoin
Which companies do you think will switch their business model to transacting on open-source Bitcoin & Nostr? To date, we've only really been seeing new businesses who are newly created Bitcoin-only firms get traction. Perhaps because they need to sacrifice their own business in the short term to benefit in the long-term. But out of all the existing fiat companies, who do you think will make the switch next?
  • There's been talk of Replit doing it.
  • Zapier has a great name and brand but their business model is definitely up for grabs in the A.I interconnected world. Unless they do something radical.
  • Email marketing companies (ala Mailchimp) might be a good use case too, allowing you to send email campaign by paying LN invoice.
  • Apple is Apple and will be extremely late to adopting.
  • Elon will go "dogging" before X supports LN or Nostr.

Which companies do you think are best placed to pivot to:
  1. Bitcoin & Lightning
  2. Nostr
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564 sats \ 0 replies \ @031ef7d322 23 Dec 2023 freebie
Cal.com has been very pro-Bitcoin since it started
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232 sats \ 0 replies \ @Car 24 Dec 2023
Actually I think acquiring Bitcoin companies seems like a more promising move for fiat companies. It means tapping into an existing financial setup (balance sheet enriched with Bitcoin.)
You also get a team of skilled developers, engineers, and a bitcoin marketing team, although building such a team from scratch has its own merits. (But why would talented devs and bitcoiners go work for a fiat company. Not likely or not the ones you want to hire.)
There’s the added benefit of established brand recognition and some groundwork in legal and regulatory compliance, which could be strategically beneficial.
But I think overall operating as a business in Bitcoin takes at least a cycle to understand the lay of the land imho.
Also most of these bitcoin companies are valued much lower then you would pay to hire and deploy capital to enter in.
The only other way this works is if a bitcoin vc invests directly into these fiat companies with the caveat they’ll will implement bitcoin.
If that’s the case they can get the rest of their portfolio companies to play ball with them.
🤙
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217 sats \ 0 replies \ @TheBTCManual 24 Dec 2023
I think SAAS businesses make the most sense to move to Bitcoin, the one pain point for SAAS is despite being globally available dealing with payments is a ball ache, slow and you take on a lot of risk providing your service with this delayed settlement.
So they're forced to make these shitty packages with step functions, to make up for it, forcing customers to buy resources they won't use instead of selling them per use or itemised use
These packages limit their reach as it's a larger commitment for the user and also reduce conversion rates as customers don't get to discover the product and its benefits because the free version or low-end version is proper shit
By moving to LN/Bitcoin you open up pay-per-use models that give more users access, and a better scope for what users want, their interests, what they are willing to pay for and double down on that info to improve your product
As you also get more out of your user base, you can further lower prices or create more competitive packages that will force your competitors to adopt Bitcoin or die ignoring it
Coming from Agency tools like Hubspot, Sharpspring, Brevo, Ahrefs, SEMrush, Onesignal, Buzzsumo, Asana, send in blue would make bank.
Ad networks
Other than that ad networks make the most sense, if you're not using Googles GDN and you use smaller networks or niche networks, paying and getting paid is proper shit, you have to wait months for a payout as a publisher and funding your account as an advertiser takes its own sweet time
While you can do direct deals today with businesses and settle in Bitcoin, there's a lot of trust involved, and if you could have something like a DLC that triggers based on impressions served that could work better
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329 sats \ 8 replies \ @Natalia 23 Dec 2023
many current companies actually make more sense staying in the fiat world IMHO, since most of them would be obsolete in the Bitcoin world, I think more sovereign individual would start their own businesses, freeing people to do what they love and actually provide value to others.
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32 sats \ 0 replies \ @davidw OP 23 Dec 2023
I think that's what we're seeing. Too difficult to chop your business into bits.
Although, I do expect some will make the leap. Even if their entry it so to buy-out Bitcoin businesses. My initial thought is that it will be companies focused on automation or energy that take the leap, but I haven't gone deep enough into analysing industry obstacles at this time.
Imagine if BP rebranded to be Bitcoin Petroleum lol.
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10 sats \ 6 replies \ @RdioActiv 23 Dec 2023
That makes no sense at all. How would Bitcoin make an auto mechanic obsolete?
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1 sat \ 4 replies \ @Nuttall 23 Dec 2023
It would not make an auto mechanic obsolete but it might put him out of business. I have a friend who is a BITCOIN investor and he used to own a mechanic shop. All of his bills, vendors and resources accept only FIAT. My friend, in spite of all my efforts still does not have his Bitcoin in self custody. I don't understand it but that's how it is. People are so brainwashed that the ones who like Bitcoin and have existed in traditional business STILL secretly fantasize about selling their head for millions of USD.
When the customer only accepts Bitcoin for payment then things will change.
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10 sats \ 3 replies \ @RdioActiv 24 Dec 2023
There's no reason a mechanic can't adapt to the changing market and accept Bitcoin as payment. Sure many of their bills will be in Fiat to start, but as adoption increases more vendors (and employees) will accept Bitcoin to escape predatory fees.
Until then it's a foreign currency like any other, can be exchanged at will.
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0 sats \ 2 replies \ @Nuttall 24 Dec 2023
Start a mechanic business and then show us how it is done.
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11 sats \ 1 reply \ @RdioActiv 24 Dec 2023
Hanging a "Bitcoin Accepted Here" sign at the front counter isn't hard bud.
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0 sats \ 0 replies \ @Nuttall 24 Dec 2023
So you are not willing to actually invest and have a mechanic business but you want to over simplify it for others?
It's the same energy as those who tell me I should have sold Bitcoin when it was 64K. I tell them to show me. They mumble and say Bitcoin isn't for them because it is too volatile.
If you or I understand Bitcoin then we can show others how to do it. I started a Bitcoin business in 2020 and I failed miserably. So what. I'm not going to tell another man how to run his business. A mechanic shop is not easy by any means. I know plenty of marine and auto mechanics who own their own businesses. Accepting Bitcoin only makes sense of they have enough FIAT to run operations and not have to sell Bitcoin to incur tax penalties.
A mechanic shop is a very visible business. They have state, Federal and local tax to pay in addition to vendors, power and utilities, point of sale. All on a Fiat standard.
I agree that is better money but I won't tell someone else how to run a business when I haven't done the same.
Make it happen. Go talk to mechanics and show them. Don't just make statements you can't back up. I wish you great success!
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0 sats \ 0 replies \ @davidw OP 23 Dec 2023
Lol. Automation not autos.
Software automation, robots and any company building and needing machine to machine or to scale cloud software with variable traffic.
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170 sats \ 2 replies \ @go 23 Dec 2023
  1. I bet Google beats appl/msft to it
  2. I bet Rumble beats x/meta to it
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5 sats \ 1 reply \ @davidw OP 23 Dec 2023
I bet Google is the “blockbuster” of discovery in the future. Not quite sure yet who will replace them at the helm yet but that top spot is there for the taking.
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158 sats \ 0 replies \ @joda 24 Dec 2023
I don't think they'll go away; they have too many baskets. I think they'll be like MS/IBM/Adobe and just fall out of favor for a while and then come roaring back with some new acquisition or tech.
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10 sats \ 0 replies \ @TwoLargePizzas 23 Dec 2023
The more likely road in my opinion is that more businesses will accept Bitcoin alongside fiat.
It makes a lot of sense for already digital businesses. The fastest way to that end would be a company like Stripe adding Bitcoin as a payment method.
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0 sats \ 1 reply \ @nym 25 Apr
Real estate
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16 sats \ 0 replies \ @davidw OP 25 Apr
Interesting. In which way, for listings?
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0 sats \ 2 replies \ @jgbtc 24 Dec 2023
Most companies will need to get bought out by a bitcoiner. Saylor/microstrategy will own them all.
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1 sat \ 1 reply \ @davidw OP 24 Dec 2023
What if Saylor has been bought already? 🤔
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0 sats \ 0 replies \ @jgbtc 24 Dec 2023
Wouldn't surprise me. He's painted a giant target on his back.
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0 sats \ 1 reply \ @itsrealfake 24 Dec 2023
Passthrough consulting businesses w/ a Bitcoin Treasury
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69 sats \ 0 replies \ @evanbaer 24 Dec 2023
This. I think we see bitcoiners sell their expertise, bitcoin only please.
+1 if folks offer a "friend rates" type discount for everyone paying in bitcoin
How great would it be to work with programmers and designers on a bitcoin project, paid in bitcoin?
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0 sats \ 0 replies \ @anon 24 Dec 2023
Bitcoin & Lightning
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0 sats \ 0 replies \ @HaoWang42039352 24 Dec 2023 freebie
Cal.com has been very pro-Bitcoin since it started
0 sats \ 0 replies \ @venabledoyle 23 Dec 2023 freebie
I think the bitcoin lightning world is just starting. Bitcoin's position is unmatched, the only barriers are fees and slow transaction times. LIGHTNING NETWORK was born to solve this problem