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I think the only relevant question is: did you publicly promise to be a bitcoin-only poster company and then walk back on that promise? If you did, then there definitely is a problem, at least between yourself and every maxi that ever said a word about your product offering based on a lie. If you didn't then whatevs.
fair. I've never promised anything. I make posters. I sell them.
It feels a little like this: I've had people pressure me to make numbered prints. I think numbered prints are a bit of a fraud in the first place. Sure, I could promise to not print more, but if someone offers the right price, I assume all the numbered print artists will print more. The artists who decide to print more are violating their promise. But I think my stance is that they shouldn't be making stupid promises.
Bitcoin-only merchants are similar. Sure, they can say they are bitcoin only, but it feels very strange that we have a culture that encourages people to make poor business choices. (Well, I think it's poor business to refuse customers based on the money they want to use rather than just adding the cost of their shitty money to your prices for them).
I think my stance is that they shouldn't be making stupid promises.
Exactly!
I think it's poor business to refuse customers based on the money they want to use rather than just adding the cost of their shitty money to your prices for them
Agreed.
I think the whole bitcoin-only thing exclusively makes sense for security products. This means wallets and especially of the hardware type. If nvk breaks the bitcoin-only promise on the next coldcard iteration that could be a gigantic red flag. For Blixt or even Phoenix to go deal in shitcoins... yeah, that be bad too. But this is because the extra surface weakens end-user security.
Everything else is just to please the maxis. If you please someone and then do a 180... especially because the only reason to do it in the first place was to ride the maxi seal of approval... then there ought to be consequences. If no consequences then maxis are weak.
I have a little webstore where I sell posters. I've only ever accepted bitcoin. I guess that makes me bitcoin-only. However, at in-person events I have sold posters for cash when people didn't have lightning. If I had a ton of customers demanding to pay me in credit cards, I'd probably sign up to Stripe or something. If accepting USDT means you make more sales, it seems pretty clear that business-owners aren't making a bad decision by accepting USDT.
I'm in Bitcoin for the freedom. I believe freedom is best served by open markets. To me, this means people should be able to use and accept whatever form of payment they like. So at least at the level of a market, I'm in support of people using whatever the hell they want to use (even if what I want to use is bitcoin).
It sounds like PPQ offers a discount for paying with lightning. Thinking about it the other way round, it means you charge extra when people want to pay with crappier money than bitcoin. This seems like a great solution. Other moneys are not as good as bitcoin, so they carry an extra cost. I'd be interested to hear what Darth says about this.
I wonder if it is a different question when we are talking about wallet software and lightning infrastructure. Are those kind of businesses obligated in some way to refuse to do business with shitcoins?
I don't think so. The free market is the best solution here. Add whatever shitcoins you like to your wallet (it also might make it so I don't use your wallet because I don't trust all the extra stuff you have to add to support said shitcoins).