Property Management built on Bitcoin - and BTCpay Server?
1613 sats \ 11 comments \ @thecommoner 24 May bitcoin
so I feel a little dumb -
Maybe somebody out here can help :) I feel like every time I am able to spend some time learning and finding the "right" information - I find out just how little I know...
I was literally crying on my way to work this morning thinking about how this community helps so many people already and how there are so, so, so many more people that just don't know anything about Bitcoin yet?
I wonder if this payment concept/application idea I have can just be built onto or into the BTCpay Server code?
I mean - it just seems like a no brainer.... BTCpay Server has already probably done over half the work with their code...this could be like an add-on or hell even an upgrade to their existing stack... it seems like a natural fit....I think....not that the smart folks there need something else to work on, but hell....it makes sense to me.
Guess it gets a spot on my list of "to-do's"....
More to come throughout the weekend on the rest of the business plan.....
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0 sats \ 0 replies \ @tomlaies 24 May
I wonder if this payment concept/application idea I have can just be built onto or into the BTCpay Server code?
I mean - it just seems like a no brainer.... BTCpay Server has already probably done over half the work with their code...this could be like an add-on or hell even an upgrade to their existing stack... it seems like a natural fit....I think....not that the smart folks there need something else to work on, but hell....it makes sense to me.
This gets a little further that what you want to do ... but every time I think about BTCpay Server and integrating it into business models ... I just can't help but think a lot of people should be able to get by without BTCpay Server. Idk how. But somehow a lightning wallet and a bolt-12 qr code should be enough. But it's always more tricky in practice in the end.
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0 sats \ 2 replies \ @Kontext 24 May
1st of all, it's okay, we're all very early and we're all learning - nobody knows "everything" about Bitcoin 2nd - perhaps it's me who's dumb here - I don't understand your question. BTCPayServer helps you accept Bitcoin as a medium of exchange in a non-custodial way. If you're going to run a business (be it property management or anything else), then the rest of the job is... running the business. What exactly is it that you want to integrate/build on top of BTCPayServer?
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0 sats \ 1 reply \ @Ginepro_Co 25 May
I'd like to test out this approach, either offering only short term contract I believe it could be interesting.
I think what @thecommoner mean, is that he would like a sort of plugin to do the calculations for him. For example (as s/he mention on #542701 ):
  • if a resident pay $500 monthly rent when BTC price is 60k
  • if, at the end of the month, the price jump 50% to 120k,
  • then the resident get back 50% share of any price appreciation for the sats they paid1, that could be used to to pay se next mont rent or just as a contract exit bonus
The variables to manage will be then:
  • length of recurring contract (weeks,months,years)
  • number of recursions
  • % giveback share in sats based on price appreciation
This is just an example of what I understood, maybe I'm wrong on some detail.
Footnotes
  1. From #522422 ↩
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10 sats \ 0 replies \ @thecommoner OP 26 May
You got it.... I think :) It sounds easier - the way you explained it...
The difficult part...I think - is going to be how to assure the "resident or customer" that the "landlord or business" has the ability to return "whatever the % share of the appreciation?"
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0 sats \ 4 replies \ @didiplaywell 24 May
What you mean about "property management built on bitcoin"? I have seen your other post but cant get the picture
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10 sats \ 3 replies \ @thecommoner OP 26 May
I believe "property management" and all businesses for that matter, are going to be converting/transitioning to a bitcoin business model.... I think a lot of people right now are trying to run their businesses as "normal" and are just adding Bitcoin as a payment rail or as a store of value...
If - Bitcoin is actually going to be the base layer for our monetary networks and is going to remain decentralized and secure - Then - Bitcoin is going to change all our models....I think when "Saylor" says "all you models are broken" he isn't just talking about all the modelling of the "fiat value" of Bitcoin he literally means....all the models....whatever that may be....including our Business Models....
Building a "fiat business model" business on top of Bitcoin - just doesn't make any sense to me...I believe successful businesses in the future are going to be ones that are built on Bitcoin (from the ground up).
If - the world we live in is actually deflationary and all prices fall to the marginal cost of production - and Bitcoin remains as the base layer, store of value, immutable ledger then - all successful businesses built on this system have to be built on a model that aligns with this system...
In other words - if you have a property management business - and your product is the building/apartment/amenities/service - and the prices of these products will continue to fall to their marginal cost of production (in Bitcoin terms) - the most successful businesses are going to be those built most closely in alignment with this new system.
I know that the value of my building is falling in "Bitcoin" terms... I also know that it is likely to fall in "FIAT" terms at some point in the future as well... (think recession) I also know that the value I provide to my residents is in keeping the building in good shape and keeping the "rental rates" as affordable as I can.... Well in my world, if I can transition my buildings out of the "FIAT" ponzi scheme that they are stuck in and build the business on a Bitcoin Standard - I will beat all the other "models" out there...
I hope that kind of answers your question a little bit?
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0 sats \ 2 replies \ @didiplaywell 26 May
Thank you for your time @thecommoner
Before diving further in your bussiness model, just an important clarification: the deflationary economy that will ensue once bitcoin becomes the monetary base layer do not means, in any way, that prices will fall to marginal costs of production. That's not how deflation works. That's actually the exact opposite of how deflation works. Even more, it's solely under the fiat system, and in it's inflationary context, that (in proportion, not in bare numbers) prices tend to increasingly fall towards the marginal costs of production.
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0 sats \ 1 reply \ @thecommoner OP 27 May
You are most welcome @didiplaywell
You are likely correct in that Bitcoin's adoption as the monetary base layer does not mean that prices will fall to their marginal cost of production...Prices always fall to their marginal cost of production +/- a monetary premium dependent on the scarcity and utility of the product....these prices get distorted by the current FIAT system and thus cause all manner of disruptions throughout the markets....
I believe Bitcoin goes even deeper into civilizations systems and will overwrite many of our current systems (over time). Our systems of governance and knowledge...literally everything that is touched by "money" or "communicated value" will be overwritten by this new base layer.
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0 sats \ 0 replies \ @didiplaywell 27 May
I like your enthusiasm. I personally think we are already there in some degree, but bitcoin will allow for a more robust and extensive development of such principles.
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0 sats \ 1 reply \ @nerd2ninja 24 May
I think that makes sense. If you need a computer to run it on, remember refurbished computers are cheaper than raspberry pis.
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10 sats \ 0 replies \ @thecommoner OP 26 May
thanks
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