11 sats \ 0 replies \ @freetx 18h \ parent \ on: Property management built on Bitcoin bitcoin
yeh, good point, there is the implication that you are "gouging" them by offering a discount. Having said that my local liquor store offers a 4% discount for paying cash as opposed to card, and it doesn't seem like buyers are fussed one way or the other....
Good write up.
Back in the 2000s I used to buy silver / gold coins in P2P meetups. I would meet in busy coffee shops. Never had a problem.
Like you said you can quickly meet dedicated sellers and then your job is much easier because trust gets built.
For new purchases, I would bring a "Fisch Scale" (https://www.thefisch.com/) to check the coin was legit....never had a problem getting fake coins...but once I knew someone I wouldn't bring it in to coffee shop as I trusted them.
The seller I bought the most from would scavenge estate sales looking for old coin collections. The other guy I bought from was actually a police officer (almost spit my coffee out when he told me that), had no idea where he was getting gold coins from and didn't want to ask...
It's an election year.
Its actually perfect timing for Bitcoin.
Biden is a very weak candidate right now and I don't believe there is a large voting block of anti-crypto types....certainly no single-voters that would vote exclusively on Biden vetoing this....thus the political calculus states that he should just let it pass and move on to issues that can actually attract him votes.
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Kudos on this new biz model. Previously I also speculated on something similar (ie. buy a laptop with bitcoin and in 5 years they send you a new model as a free upgrade). So, I do get what you're doing....I do think these new biz models will be crucial if we ever really do achieve hyperbitcoinization. Such models are going to be needed to induce spending a massively deflationary asset.
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Having said that, perhaps its just simpler to offer a discount for those paying in BTC? So rent is $1000 cash / $850 if paid in BTC. This directly benefits your tenants NOW and maybe gives you much more upside in years to come....
I was sorta cringing before clicking that, thinking it was going to be filled with DEI-style talking points....it is instead an excellent roadmap for how to handle discussions in such an environment.
Yes, the "anonymous mint" aspect of eCash is both its strength and weakness.
This is also whats behind the series of reasoning that I think bolsters Liquid:
- Individual mints can rug you
- Therefore Fedimints are better, since you can distribute power and judge reputations
- Liquid is already an existing Federation of known pro-Bitcoin companies that has been operating for 6 years without any claims of censorship / rugging.
(2) I'm okay with services that add value making a profit.
At the current time, proponents of eCash are somehow thinking very altruistically and they sort think people are going to run mints for free for friends / family. I'm doubtful if it works out like that.
Regardless, the simple way to protect yourself from debasement is to "dip in / dip out" of eCash....that is don't hold it for more than a few days....it should just be a "transactional currency" and not something you hold. This way any secret debasement will not affect you during that short period.
I really like this concept.
I view AI as fundamentally a 2nd Amendment issue. We need to have our own self-hosted AI solutions to help counter the big-corp/govt agents which will be deployed against us.
Sadly, despite being a techie, I've been remiss in actually learning how to self host AI.
Do you know of any good "Getting Started" guides or videos. Something that covers what type of hardware / software you need to host your own AI models?
As I posted earlier. Its clear the internet as we know it is going to sort of disappear.
AI Agent will be the sole interface people use. Messengers, Email, Web Browsing are going to transition to being a sort of interoperability layer for different AI Agents to use. You will just use the "AI Frontend"
The big risk of eCash is the mint can debase everyone silently (ie. every time someone buys in for 100 sats, they mint 105 sats and send 5 sats to themselves).
Its very difficult to detect this.
Here is a chart I made that roughly ranks the risk profile of the various BTC offerings.
| Least Risk | Greatest Risk | |||||
|---|---|---|---|---|---|---|
| BTC | LN | Ark/Mercury | Liquid | Fedimints | eCash | Bitcoin Bank/CEX |
HA!
As a GenX-er, it would be very appropriate if they somehow engineered the longevity breakthru so it only worked on boomers. That way they could still be President as 80 year old GenX-ers died in nursing homes
Another useful strategy (once you built up a decent stack) is to maintain a Fiat-BTC balanced portfolio (say 95% BTC and 5% Cash).
Monthly re-balance the position. So if BTC goes up, that means selling some to keep the 95-5 in balance. The maxi in us hates the concept, but its what the pros do.
The real long term benefit of this is you will buy all dips. You just need to think of the cash portion as "future dip buying material" to quell the maxi in you.
The site is wonky, but if you go to:
And then choose "Average Price Data -- One Screen" that should take you where you can get individual data
I think you are right.
I think this is some old "expired" category. When I pull data for this category number, the last data is from 1988?
So there must be another category its reporting under.
Maybe....I do notice via shrinkflation that you hardly ever see "1 lb" of coffee anymore. Its usually packaged in 12 or 14oz bags.