54 sats \ 0 replies \ @DiracDelta 13 Mar 2023 \ on: MVP - how to accept bitcoin in a small online shop bitcoin
I don't get why there aren't more bitcoiner e-commerce shops. Bitcoiners make high quality, low time preference goods.
Every time you buy something 30-90% of that goes into fiat profits, unless you are buying from a bitcoiner, in which case it stays as bitcoin.
Unlike a job, e-commerce returns are asymmetric, and it can be done alongside a corporate job. Collectively, what this adds up to is improving the "trade balance" for bitcoin holders, which strengthens bitcoin irrespective of new adoption. It's simple, more bitcoiner businesses unrelated to bitcoin, more NGU.
There are very few durable consumer goods sold by bitcoiners, but it would be nice to be able to make one's spending >10% with bitcoiners. This means products that are PRICE COMPETITIVE, not just bitcoin themed chotckies for rich people or luxury focused products. Products can be high end due to being performant rather than luxurious. That's the difference between hard high end or soft high end goods.