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5 sats \ 6 replies \ @LibertasBR 22 Aug \ on: My Landlord Says He Can Accept Rent in Bitcoin bitcoin
In fact, this is an excellent reason to convert all or part of your salary into Bitcoin. Since you can pay your rent with Bitcoin, you're moving away from the centralized fiat network and helping your landlord receive and reinforce the message. You might even get a discount. The more people using Bitcoin, the more places in your area will accept it.
You need to see that what matters is financial freedom and sovereignty. This hodl talk is nonsense, since most people who use this term are thinking about how much fiat they will have in the future and not how much bitcoin they will have in their wallet to use as money.
this is an excellent reason to convert all or part of your salary into Bitcoin.
Have some family planning and large expenses coming up within next two years.
I am immensely optimistic (may be even more than Saylor) about the future of Bitcoin, in next ten years or so. But anything I go on-ramp in Bitcoin, and then have to off-ramp within next four/five years (because...life happens) is likely to be a net loss taking the spread into account.
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I understand that problems can arise, but I don't understand the challenges in your region. I understand that it may be necessary to have a fiat reserve. However, an opportunity has knocked on your door: pay in Bitcoin, get more suppliers and providers to accept it, and be able to pay less since you're paying in Bitcoin and not in inflated bullshit. As someone who knows nothing about anything and just analyzing what you've brought up, I see an excellent opportunity to further explore the true reason for Bitcoin's existence.
Saylor is a scammer.
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Unfortunately enough, some businesses that I have seen accepting Bitcoin (e.g Travala for online travel booking), charge a Bitcoin premium if you want to use Sats.
So it seems as the number of such businesses are so few, and us Bitcoiners feel so eager to use the coins, that we end up enriching the businesses (and some exchanges acting as middlemen) for the sake of spending them.
Especially, when a business (like Travala) paints itself as Bitcoin friendly and marks up the airfare by almost 10%, that really pisses me off and I hope the Bitcoin eco-system will mature fast enough to close these market gaps.
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In this situation, market rules easily adjust; don't give them your SATs if you don't want them. I consider other factors when giving my SATs to companies, especially whether they respect Bitcoin as money.
An example of a company I've used, but largely avoid, is Bitrefill. They accept Bitcoin and all kinds of shitcoins, validating them.
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If your decisions (where to buy and what medium of exchange) is ideology driven than number driven then, of course, it is a different issue. If you think some companies use slave labour from the middle east, you can factor that as well (like, what you said about Bitrefill).
But for me, it is usually a number driven decision (a poor man cannot be bothered too much with ideology) and in that sense, if a website is charging me big markups just so that I can pay with Sats, that turns me off. If, on the other hand, they take my Sats at a fair rate (in comparison to other merchants selling the same product), that is all I ask for, irrespective of whether they support shitcoins like USD.
I suspect the eco-system needs to reach a critical mass where even Bitcoin accepting merchants have to compete fiercely for my Sats. Right now, as it stands, there are so few such merchants, they enjoy an oligopoly or near monopoly among customers who want to use Bitcoin as the MoE. And that prevents customers like me from using Bitcoin as an MoE, falling back on the HODL idea. It may be the case that capital gains tax in most countries play a part in it as well, complicating accounting and discouraging MoE purpose.
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Actions and words matter to me. If something is wrong, I won't do it just because I'm poor. There are always options, and colluding with wrongdoing isn't one of them.
Tax from and to whom? If you use your bitcoin as money, there’s nothing they can do.
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