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0 sats \ 3 replies \ @spiderman OP 24 Aug \ parent \ on: My Landlord Says He Can Accept Rent in Bitcoin bitcoin
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.
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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