1106 sats \ 1 reply \ @TheBTCManual 20 Sep 2023 \ on: Pay Me in Bitcoin Theory bitcoin
I have been using Zaprite and I think it's a great tool, It makes it so easy to invoice in Bitcoin, and I wish more people would take me up on it
I've only had some customers take me up on the offer/discount and looking for more creative ways to get them to switch, but I can't say I've been successful, people are still keen on cash or using networks like PayPal because they've already sunk time and capital into those things and saving on fees or getting a discount isn't always enough to encourage a BTC transaction
I also think the wealth effect comes into play with Bitcoin, if you've been stacking a long time or you're in a bull market and you feel like you have all this extra spending power, you are likely to want to spend it and would want to look for spending in a way that has the least friction, instead of selling on an exchange you'd rather do a direct exchange for goods and services
you are likely to want to spend it and would want to look for spending in a way that has the least friction, instead of selling on an exchange you'd rather do a direct exchange for goods and services
This friction point was my favorite insight of the article. We will shift to using bitcoin as a medium of exchange if/when we begin accounting for this friction.
It also implies the path to new money is niche store of value -> niche medium of exchange -> store of value for more people -> medium of exchange for more people and so on.
I have been using Zaprite and I think it's a great tool, It makes it so easy to invoice in Bitcoin, and I wish more people would take me up on it
I've only used @zaprite on the paying side, but I remember the first time I used it and being genuinely impressed ... I had to praise @john immediately. It's self-sovereign in the most important ways and dead simple to use otherwise. It support fiat payments now too if the buyer is unwilling to use bitcoin.
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