This quarter has been eye-opening, to say the least, and has required a bit of compromise and pivot on my part and for the company. 

At times, the road ahead is plagued with uncertainty, but you can find your footing in unknown territory if you possess fortitude.

Certainly some new information/data to digest, and we'll wrap up this quarter on a high note.

Gresham's Law has taken hold. (We always anticipated it possibly could.)

Gresham's Law meaning = The law states that any circulating currency consisting of both "good" and "bad" money (both forms required to be accepted at equal value under legal tender law) quickly becomes dominated by the "bad" money. This is because people spending money will hand over the "bad" coins rather than the "good" ones, keeping the "good" ones for themselves. Legal tender laws act as a form of price control. In such a case, the intrinsically less valuable money is preferred in exchange, because people prefer to save the intrinsically more valuable money.

Human nature kicks in, and the desire to preserve your shiny silver coins as opposed to the ugly, rusty brown ones kicks in, and unfortunately, this can be perceived as a setback to a company that prides itself on being Bitcoin only. 

So in a way... The (Fiat) Empire Strikes Back.

I know what you're thinking...

So the way to circumvent a collapse in revenue/profit, Gotoshi Direct has had to pivot and accept fiat to keep the lights on as we are a for-profit business, but there is a caveat to that as we act as a fountain and disperse sats on every purchase as rewards to buyers that can then be used to hodl or for future purchases, thus continuing to stay within the wheelhouse of fueling a circular economy. (This only applies to Gotoshi Direct; all vendors on the site are still strong-armed into accepting Bitcoin only by yours truly.)

I think Gotoshi has a good future ahead of it, but there are those who doubt my resume and the company. To them, I say this...

It is the year of the Dragon.

So its no surprise Bitcoin is ripping faces off once again as you have to be a tad bit unorthodox and unhinged to be in the bitcoin space to begin with.

For this writer however its a special kind of moonshot as seeds planted long ago are beginning to bare fruit.

The cost of a whole bitcoin (CAD) during the time I had business owners investing?

The cost of a whole bitcoin (CAD) today? (a mere year and a half later)

It's hard to pull something off when people are laughing at you the whole time.  Lately, though, that laughter has subsided quite significantly, and my hotline is once again blinging.

To those who felt I was misleading investors.

It was all volunteer based and it was unsustainable to go on that way for me because at the end of the day..

I digress..

Lets walk through the financials, numbers, graphs, health and outlook of Gotoshi.

Sales/Revenue are up $989 from the previous quarter.

Inventory/Products sold appear to be down 48 units from the previous quarter but this metric isn't taking into account the fact that we sold items in bulk this quarter so in fact on an individual basis the differential is a far cry and far removed from the listed number using these tools/analytics. We sold a staggering 4906! individual items this quarter.

$2415 of our revenue stream came from credit card users who were incentivized by the sat's back program.

₿1221917.86 (1.2M) In Bitcoin payments this quarter with only one being on chain. LN works and its a cornerstone/vital aspect of our business its being demonstrated here in real time..if you are still in doubt please get your head out of the hole in the ground. All verifiable on opennode.com

₿150,574 (150k) in Satoshi's were rewarded to our loyal customer base during this quarter. Being a fountain for normies and maxis alike to get orange pilled is a great way to get people further down the rabbit hole and our Sat's back program has been instrumental in aiding with that.

Q1 Profit = $334 Q2 Profit= $670 (Two fold increase)

Were growing at a steady pace of 10% per month.

As a Bitcoin first company were up 30% across the board within all our internal and external/optical metrics from Q1.

If you missed our Q1 please check it out for comparison/reference #337516

Please head over to gotoshi.ca if you want to order some cool products and try our platform. Thank you. (most vendors ship Canada wide!) dont forget to check us out on twitter @Gotoshi21 and @btccypherpunks Gotoshi Telegram : https://t.me/gotoshi

Cheers to ensuring the bitcoin scene never dies and bitcoin maximalists only multiply in Toronto, and that we always live up to the first three letters in our city... Tor

A special thank you to the real ones and to those who have been down to roll with me. -Shah/Laserman

Founder of the underground insurgency known as the Bitcoin Cypherpunks.

Co Founder Gotoshi.

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