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20 sats \ 0 replies \ @Brunswick 8 Mar 2023 \ parent \ on: Disadvantages of Bitcoin's Circular Economy bitcoin
Most businesses are oriented around cash flow. They do not have reserves inside the company. Most companies are run at zero profit, the officers all drain the cash to zero and only leave a small portion as a buffer. Credit is used to cover low cash balances for payroll or purchasing materials for an order. To hold a monetary asset inside the company that isn't part of operations or cost of goods sold for a year would look crazy to a business owner. As soon as businesses start to pay for their expenses with bitcoin, or need to do foreign exchange without dollars, then they will begin accepting bitcoin in exchange for their products. The problem is that we as consumers are asking companies at the end of the supply chain to accept bitcoin, when its businesses closer to the raw materials that we should focus on orangepilling, then the rest of the economy will follow suit.