329 sats \ 8 replies \ @Natalia 23 Dec 2023 \ on: Which businesses will pivot to Bitcoin / Lightning / Nostr? bitcoin
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.
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.
reply
That makes no sense at all. How would Bitcoin make an auto mechanic obsolete?
reply
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.
reply
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.
reply
Start a mechanic business and then show us how it is done.
reply
Hanging a "Bitcoin Accepted Here" sign at the front counter isn't hard bud.
reply
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!
reply
Lol. Automation not autos.
Software automation, robots and any company building and needing machine to machine or to scale cloud software with variable traffic.
reply