What local businesses would benefit most from BTC/LN Adoption?
2173 sats \ 23 comments \ @0245bdaef2 15 Apr bitcoin
I’m wondering what businesses would benefit most from adopting Bitcoin. Yes yes, everyone, but who will come first?
For lightning, I think small: coffee shops, barbers/salons, bars/restaurants, small retail
For Bitcoin, I think big: real estate, vehicle sales, commercial/residental rent, travel/leisure
What do you think?
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11 sats \ 4 replies \ @NoStranger 16 Apr
Slot machine players would go crazy to see so many sats in their jackpot!
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0 sats \ 3 replies \ @Fabs 16 Apr
This.
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0 sats \ 2 replies \ @NoStranger 16 Apr
Like slot machines and other games with micro transactions (like on mobile or online), having an uneven currency conversion helps confuse people estimation of their spendings.
Also, these types of games could potentially gain a faster adoption over other business types, as it can be "exploited" as a game specific currency to the masses, they could even profit from swapping locally or keeping custodial wallets for their customers.
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20 sats \ 1 reply \ @Fabs 16 Apr
Looks like you've been thinking it through, working on something? 🌝
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0 sats \ 0 replies \ @NoStranger 16 Apr
Not at all, I know people being ruined by those things, so I'd rather avoid them.
But, I've been curious about videogame development and how those online and gacha games manage to "brainwash" their users.
Not for profit, but to avoid following those shady patterns by mistake.
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1051 sats \ 0 replies \ @SatsMate 16 Apr
I think Farmers market businesses (a subset of small businesses) would benefit the absolute most! Many farmers are already skeptical of our food supply, and they like hard work and things they can see through themselves.
I think this is a unique audience that should be tapped into. I go to farmer's markets every week and offer to pay in bitcoin - and many are very personal and at least open to what you have to say.
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41 sats \ 1 reply \ @kristapsk 16 Apr
Sex shops. When you're having an affair, you might want to hide purchases there from your bank / card bill from your wife.
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0 sats \ 0 replies \ @Fabs 16 Apr
And this.
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10 sats \ 3 replies \ @Wumbo 15 Apr
Mining pools - if they enabled lightning withdraws.
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10 sats \ 2 replies \ @WeAreAllSatoshi 15 Apr
That benefits the miners who use pools, certainly. How does it benefit the operators?
I’m not saying it doesn’t benefit them, I’m just curious as to your argument.
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0 sats \ 0 replies \ @Wumbo 16 Apr
I think there are a lot of old smaller miners out there that would join the pool if the payouts could be done for a small amount.
Think space heater crowd.
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0 sats \ 0 replies \ @windward 16 Apr
How does it benefit the operators?
I could imagine a future where mining pools also run their own LSP with the mined coin, allowing for withdraws via LN.
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13 sats \ 0 replies \ @SatsCats 16 Apr
Most, if not all charities
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11 sats \ 0 replies \ @Coinsreporter 16 Apr
For LN I think any local business that manufacture some in house usable goods, any artistic expression like painting or craft, any in person service, and mining pools of course.
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10 sats \ 0 replies \ @orange_crush 16 Apr
Any cashflow business can integrate a Bitcoin treasury. Sell tokens for meal/event passes/travel fares that can't be inflated away by keeping a percentage of the token purchase price in a bitcoin-hedged treasury.
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10 sats \ 0 replies \ @TheWildHustle 15 Apr
Marketplaces for
  • jobs
  • services
  • DVM’s
  • Goods and Products
  • V4V
  • Music
  • e-cash mints
  • Federations
  • etc.
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10 sats \ 0 replies \ @nym 15 Apr
I would say food stands and people selling produce they grew themselves.
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0 sats \ 0 replies \ @BitcoinIsTheFuture 16 Apr
Entrepreneurs in third world countries with a global product to lift them and their family members out of extreme poverty!
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0 sats \ 0 replies \ @k00b 15 Apr
There's a huge chicken and egg problem with small in-person txs. ie why would a business accept bitcoin if there aren't many customers looking to pay in it? I'd focus on businesses that already go to great lengths to protect customer privacy and accept a lot of cash. Maybe out-of-pocket medical clinics and hospitals? Casinos?
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0 sats \ 0 replies \ @beorange 15 Apr
For lightning, I think small: coffee shops, barbers/salons, bars/restaurants, small retail
Spot on, basically all small businesses.
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0 sats \ 0 replies \ @OT 15 Apr
Sounds about right.
Maybe in a few decades lightning might end up being used for more expensive products as bitcoin grows in purchasing power.
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0 sats \ 0 replies \ @Bitcoiner1 15 Apr
Local bars and restaurants that builds or support a BTC community in the same area.
So it becomes the place to go for all the bitcoiners.
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0 sats \ 0 replies \ @0xbitcoiner 15 Apr
gambling
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