I feel like it’s a long shot if not a lost cause. I still think it necessary to somehow explain at least in writing how implementing bitcoin into the company would be a good move. Has anyone had success in doing this, what was your approach like for someone that doesn’t need it and probably has a tainted view of it?
33 sats \ 3 replies \ @Chillywater OP 26 Nov 2022
I’m talking about my employer accepting bitcoin as a payment option. Having it on his balance sheets, and yes paying his employees with it if they want. But more so just accepting it as payment. From my experience, most people who have created a large amounts of wealth from the traditional finance system don’t think about bitcoin in a positive manner.
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25 sats \ 0 replies \ @DarthCoin 26 Nov 2022
All depend on the business profile and what they do to earn money.
There are a lot of solutions out there, but they have to adapt to the best one for their use case.
I wrote several guides about how small merchants and businesses can start accepting:
- Bitcoin for small merchants
- First steps to accept BTC as a merchant
- LNbits for merchants
- The Bank of LNbits
- Lightning wallets comparison
- Lightning Network submarine swaps
- Operating LN as a merchant
And additional guides:
- Lightning network si awesome
- Be your own bank - think like a bank
- What Bitcoin node software you could run?
More resources:
- Bitcoin Resources Page
- Lightning Resources Page
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10 sats \ 0 replies \ @muteness11 26 Nov 2022
last statment is 100% correct .... to understand Bitcoin, the smoothest and most difficult path is to understand the history of money then Bitcoin (at least +100 hours which few are willing to allocate time for)
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0 sats \ 0 replies \ @Kaffi 27 Nov 2022
I don't mind the idea of just making bitcoin my option. Like I can just deposit my paycheck in cash app buy bitcoin and send it to a non-custodial wallet. Finding out bitrefill can be used to pay off credit card makes me not care about being 100% bitcoin anymore with my expendible income obviously.
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26 sats \ 12 replies \ @Chillywater OP 26 Nov 2022
But back to the point of why it would be a good move, not on how to implement it. What would be the advantages for the company for someone who doesn’t know what it is, why it would be beneficial etc…
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0 sats \ 11 replies \ @DarthCoin 26 Nov 2022
In 2022 you still ask WHY to accept Bitcoin?
Oh man...the right question will be "why do you still take fiat..."
https://bitcoinmagazine.com/business/bitcoin-and-businesses-a-bitcoin-strategy
https://bitcoinmagazine.com/business/tips-for-building-a-business-on-bitcoin
https://bitcoinmagazine.com/culture/bitcoin-is-protection-from-time-theft
https://www.snapagency.com/10-reasons-business-accept-bitcoins/
https://darthcoin.substack.com/p/21-reasons-why-bitcoin-will-save
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165 sats \ 4 replies \ @muteness11 26 Nov 2022
I admire your enthusiasm but the reality is that most of the world doesnt see things the way we do (therefore its our duty to educate and let them decide)
:)
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10 sats \ 3 replies \ @DarthCoin 26 Nov 2022
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13 sats \ 2 replies \ @muteness11 26 Nov 2022
its a chart someone created but it doesnt make it a reality nor a fact .... for example I came across Bitcoin and never through ALTs :)
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0 sats \ 1 reply \ @DarthCoin 26 Nov 2022
Just by naming them "alts" you are still bargaining with the idea that they can be something "alternative"... THEY DON'T and never will.
Say the real name: SHITCOINS.
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11 sats \ 0 replies \ @muteness11 26 Nov 2022
This was not the main point I was making :)
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8 sats \ 5 replies \ @Chillywater OP 26 Nov 2022
I’ll read those when I get more than a quick break. I’m wondering, for someone who is already a millionaire, has a successful business, sees no need in a “shady internet money”. Why would they want to add that into their business model? Maybe I’ll get a better answer in those links.
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0 sats \ 4 replies \ @DarthCoin 26 Nov 2022
Anybody that in 2022 still think that Bitcoin is "shady internet money" is a dumb fucker and will NGMI.
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22 sats \ 3 replies \ @Chillywater OP 26 Nov 2022
I talk speak with people everyday at work about their finances. The vast majority have no clue what bitcoin is. Even people who work in the finance sector. I wouldn’t consider any of these people dumb, just ignorant of it.
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7 sats \ 1 reply \ @muteness11 26 Nov 2022
OF course they dont .... I heard about it in 2013 and did a research (wikipedia) and understood NOTHING ... then a few years later the same experience ... then a few years later, Im like "I need to understand WTF this is" only then I went into the rabbit hole (which was very challenging)
So of course ppl dont get it
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10 sats \ 0 replies \ @Eximpius 26 Nov 2022
LMAO.. Same here man
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0 sats \ 0 replies \ @DarthCoin 26 Nov 2022
a ignorant person is just a little dumb.
The fact that they work in finance, doesn't mean automatically are smart...
Is even worse... a person that work in finance ignoring Bitcoin, doesn't deserve to be in finance...
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10 sats \ 1 reply \ @Chillywater OP 26 Nov 2022
Would be a bit more than just opening a wallet. It’s a fairly large company, finance department, accounting department, sales team etc…
There’s multiple avenues of revenue other than sales. I’m leaving out a lot and it may not be extremely complicated but it’s certainly not as simple as creating a BTC/LN wallet.
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0 sats \ 0 replies \ @DarthCoin 26 Nov 2022
Even then, just by informing their clients that from day x, we accept payments in BTC at this address... is enough.
You DO NOT NEED ANYBODY'S PERMISSION to do that.
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32 sats \ 0 replies \ @DarthCoin 26 Nov 2022
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10 sats \ 18 replies \ @DarthCoin 26 Nov 2022
In 2015 I open up an account in Bitwage.com, I was one of the 1st users, like on SN and many other Bitcoin solutions.
You don't have to tell to your employer/client to pay you in BTC, until the time will come. They can just pay your payroll as usual to any bank account in the world and you receive BTC straight into your BTC wallet (non-custodial).
If the employer ask why the account is not in your name, just say that you setup a "foundation" for charity and all your money goes to Bitcoin development.
That way you raise their curiosity and if they really ask more, just tell them: I can teach you free how to get your company reserves in Bitcoin.
In 2018 I stopped accepting anymore fiat, all my clients paid me in BTC.
Most of them, they just use BTC as reserves (like Saylor is doing).
Is just a matter of time until all companies will start doing the same.
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36 sats \ 5 replies \ @Eximpius 26 Nov 2022
I think he means "Getting the business to accept bitcoin for payment". Not be paid in it. Can do that easily with Strike
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15 sats \ 4 replies \ @DarthCoin 26 Nov 2022
Strike is another paypal. Nothing "innovative".
If a business really want to accept BT,C just have to open up any BTC/LN wallet, non-custodial and start accepting.
There's no need for ANY intermediary.
Strike IS an intermediary.
By pushing an employer to pay you in BTC, you make them to acquire BTC.
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55 sats \ 2 replies \ @Eximpius 26 Nov 2022
I'm not talking about using Strike to accept payments. Anyone can use strike to direct deposit their paycheck and then send it straight to their node or wallet.
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10 sats \ 1 reply \ @Eximpius 26 Nov 2022
He is trying to get a boss at a business to accept BTC from CUSTOMERS.
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10 sats \ 0 replies \ @Eximpius 26 Nov 2022
He doesn't own the business.. He cant just accept BTC in the name of the business. He doesn't own it
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0 sats \ 0 replies \ @Kaffi 27 Nov 2022
no its not like paypal because you can withdrawal which is really all that matters.
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0 sats \ 11 replies \ @sommerfeld 27 Nov 2022
Isn't bitwage KYC though?
In that sense, wouldn't it be better to be paid in a regular fiat bank account and manually buy non-kyc bitcoin every month?
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0 sats \ 10 replies \ @DarthCoin 27 Nov 2022
you are free to do whatever you want.
There's no such thing as "non-kyc bitcoin". Please stop saying that.
If would exist then Bitcoin is a failed experiment.
KYC is bad because you are giving your personal info, and can end up in bad hands... not because other thing.
If you never sell back for fiat, it doesn't matter anymore, from where you bought the BTC.
If a gov agent comes to my door to ask me about my BTC bought from a KYC exchange (that will never happen) I will just tell them nicely to fuck away,. is not their damn business what I do with my own money.
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0 sats \ 9 replies \ @sommerfeld 27 Nov 2022
Voluntarily tying UTXOs to your IRL identity seems like a good way to be tracked and controlled regardless of whether you sell for fiat or not.
Taxes is not the only threat, everyone is out to get you.
Are you saying privacy is not important?
A government can mark your utxos as tainted and decrease their fungibility/salability.
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0 sats \ 8 replies \ @DarthCoin 27 Nov 2022
come and get it if you can...
another bullshit word: "tainted coins"... there's no such thing.
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0 sats \ 7 replies \ @sommerfeld 27 Nov 2022
Then you don't have a very adversarial mindset.
You are basically choosing to ignore the problem for convenience's sake, thinking that walking naked on the supermarket is going to end well for you.
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0 sats \ 6 replies \ @DarthCoin 27 Nov 2022
Why is so bad walking naked in a supermarket?
If you do not like to see me naked, don't watch.
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0 sats \ 5 replies \ @sommerfeld 27 Nov 2022
There is no freedom without privacy.
If you don't think it's important, good luck with that...
I have a feeling deep down you don't really think like that and if I dig deep enough, I would find evidence of that in your blog.
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10 sats \ 1 reply \ @muteness11 26 Nov 2022
depends on the case really but in your case (someone deosnt need it/ has tainted view):
That person need a few or many (touch points)... same story many of us have had!
I would NOT explain benefits or orange-pill my company, but rather I would "sell" the idea the company can make more money (fiat) but tapping into a new market via Bitcoin which can be converted to FIAT
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0 sats \ 0 replies \ @Chillywater OP 27 Nov 2022
Thanks this is somewhere to start
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5 sats \ 1 reply \ @southside263 27 Nov 2022
took me 7 months to understand bitcoin value proposition.
think how long it would take normie employers to adopt - when they already think they know better🤦🏽♂️
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10 sats \ 0 replies \ @Chillywater OP 27 Nov 2022
Yes this is my thinking. He signs my check, or has someone that does that. Why would he think I know more than him concerning financial matters. Why a solid approach would be what I’m aiming for.
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0 sats \ 0 replies \ @Chillywater OP 27 Nov 2022
Appreciate the feedback, some of it was useful.
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0 sats \ 0 replies \ @Freedom 27 Nov 2022
I am a chef .. !! and the restaurant I work in was the first to believe and create NFT of his dishes and accept Bitcoin..😊🚀
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0 sats \ 0 replies \ @pi 27 Nov 2022
I once asked our ceo if the company would be open to pay us (part of) our bonuses in bitcoin...
He demonstrated so much ignorance in his answer that I preferred not to pursue the discussion.
Also, with our company going woke, with ESG and diversity BS, cheap and silly anti Trump rhetoric etc, I doubt this will ever happen.
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0 sats \ 0 replies \ @Chillywater OP 27 Nov 2022
Well if some brokie came to me trying to teach me about some type of finance I’d likely shrug them off. Likewise some millionaire would inevitably do to me trying to school them on bitcoin. Unless they’re young and somewhat tech savvy, which in that instance they’d already know.
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0 sats \ 0 replies \ @Gllius 27 Nov 2022 freebie
This is really fantastic!