The only wrong thing he's doing is that is thinking in short terms. I did that too in the early days of my "earning in sats". I always tried to make the conversion for short term. Until I said... wait a minute... the value inn sats of an item is always going down, so I will always pay less sats for the same product. I just have to be patient.
this is a meme, but based on a real post on reddit, those are facts
So I start doing the following:
put in an excel all sats I earned during x period, each date etc
put the value in fiat of each earned sat
put the expenses I've done, in sats too, with the conversion in fiat
Then I start, spending only the amount of sats I earned in the past with a lower fiat price. You understand what I mean? It means I was literally spending less sats than I earned. When the price was going down a bit, I stopped or delayed the spending as much as I could. When I was about to charge a bill to my clients, I was trying to delay sending those invoices until the price get a nice dip, so I could take more sats. In this way I achieved a way to spend less sats than I earned.
Until one day when I gave up and delete that excel file and I said, fuck it, I will only try to spend less sats than I earned in x period. Done. My only worry was to spend less than previous period and maximize my earnings in sats.
Now, your merchant should have a focus on:
save little by little the sats he receives
pay the bills he have to pay using intermediaries that could take his sats and pay his bills. That means, he will never have to open a bank account or touch shitcoins. These intermediaries could be even YOU, your friend, take his sats and pay his bills with your dirty fiat.
The only wrong thing he's doing is that is thinking in short terms.
I did that too in the early days of my "earning in sats". I always tried to make the conversion for short term.
Until I said... wait a minute... the value inn sats of an item is always going down, so I will always pay less sats for the same product. I just have to be patient.
https://i.postimg.cc/7LF0qWzw/magic-internet-money.jpg
this is a meme, but based on a real post on reddit, those are facts
So I start doing the following:
Then I start, spending only the amount of sats I earned in the past with a lower fiat price. You understand what I mean? It means I was literally spending less sats than I earned.
When the price was going down a bit, I stopped or delayed the spending as much as I could.
When I was about to charge a bill to my clients, I was trying to delay sending those invoices until the price get a nice dip, so I could take more sats.
In this way I achieved a way to spend less sats than I earned.
Until one day when I gave up and delete that excel file and I said, fuck it, I will only try to spend less sats than I earned in x period. Done. My only worry was to spend less than previous period and maximize my earnings in sats.
Now, your merchant should have a focus on:
Here is a list with more intermediaries, from which I suggest shopinbit.com
I am still trying to spend the sats I earned in 2016... just saying. So imagine how so called inflation is "killing" me :)