Two questions:
(Excluding Bitcoin just for Treasury purposes).
- Can you name any B2B businesses in the Real Economy which transact in Bitcoin?
- Can you name any normie B2B businesses where at least the CEO or the CFO are bitcoiners?
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Yes I know.
I cannot say the names because they do not want publicity, it's a small community that do not want to be in the news and I respect their privacy. But things works, quietly, for people that knows. They simply use BTC as savings and as money.
It's all about convincing the right people.
Sounds promising. It may be a starting point for the MoE layer.
If you are open to discuss this (also to clarify some old things) how about a DM?
🤙 crossposted to
nostr:https://njump.me/note1cd2kwj5cpfap9hlvw8qnfkxdnngt7ea0yl2a0jfdk6rw0d44d6zsd438qs
Some previous SN related posts: #844602 #452530 #573086
Around here, businesses accepting bitcoin are listed by @OPAGO_PAY, are they payig their suppliers in sats?
Also @BenJustman is selling wine for sats, not sure if he does B2B or if he pays suppliers in sats (AMA here #925123)
It's maybe worth to look at current B2C businesses and try to identify if their suppliers are in the B2B circle. It would not be so explicit.
Super curious about B2B Bitcoin adoption! Heritage Distilling and Powerlink Electrical are killing it with BTC payments.
Thanks. That helps already.
Note: Heritage seems to be mostly for treasury (excluded). And B2C payments, not yet B2B. https://cointelegraph.com/news/craft-distilling-bitcoin-us-distillery-adopts-btc-treasury-payments
Any link for PL Electrical which shows their Bitcoin involvement?
@globalmerchant maybe can tell us something more. I assume if the business operates under the bitcoin standard, CEO and CFO must be bitcoiners... there's no other way!
Another important factor I noticed, is that if they do, they usually tend to keep it in the private and only other business they deal with know about this detail. Definitely not using it as marketing campaign, that by the way look's is a strategy the many B2C nowadays are adopting to attract plebs and have them spend their precious sats.
Furthermore, I found out most of them still operating in both universes, fiat and bitcoin, in parallel, separate bookkeeping.
How is that you are diving into this topic? Do you have any extra info? What's already in your list?
@globalmerchant sounds just right. Privacy is understood, given the hostility of the political class and of incumbent fiat monopolists.
Compiling a list now, but may have to keep it pseudonymous.
This is searching for potential B2B beta testers for Bitcredit Protocol, a FOSS digital bill of exchange protocol s/w which aims to enable business adoption.
Would be interesting to know at least the industries they operate in.
It's a credit protocol really needed in bitcoin? I feel it as reflection of the fiat mindset that want to be introduced into the bitcoin landscapes.
The creation of credit and debt is where all this fiat mess started, and many live by in slavery because it today. If people isn't able to pay-now to get what they want... they should just provide value and be rewarded for it. Then pay for what they want.
And mostly in B2B, the rule you pay—you get it apply, so we don't need to trust no one.
It is the government monopolisation and central banks where the mess started.
Credit is fine as long as it remains decentralised. It is also indispensable for businesses (division of labour) in a modern, multi-order economy.
Too easy to blame someone else. I'm not sure government and central banks are not aliens or evil, they are managed by us, humans. I still behave that if there was no debt, or credit, people would have no need for a third party to manage disputes, making them useless and obsolete.
If there's something useful I learn in life is to be debt free. There are also plenty of quotes that gently suggest having the same approach.
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Find me quote that promote debt or credit.
Business that operate in a bitcoin standard does not operate with debt, or at least that's my wish. Debt is part of the fiat mindset, created to control and enslave those that had not spent time in learning and crafting, those that need to be told what to do.
You can also see it from a spiritual perspective... you'd really want to accumulate negative karma?
The citations - including Adam Smith - are correct, but they do refer to private, consumption credit. This is the well-founded usury problem.
It is a very different thing with trade and industry. Business needs credit for working capital. Refer to Book 2, Chapter IV, to understand the necessity of commercial credit:
“The borrower may use it [money lent at interest] either as a capital, or as a stock reserved for immediate consumption. If he uses it as a capital, he employs it in the maintenance of productive labourers, who reproduce the value, with a profit. He can, in this case, both restore the capital, and pay the interest, without alienating or encroaching upon any other source of revenue. If he uses it as a stock reserved for immediate consumption, he acts the part of a prodigal, and dissipates, in the maintenance of the idle, what was destined for the support of the industrious.”