21 sats \ 17 replies \ @DarthCoin 7 Dec 2023 \ parent \ on: How risky are Stablesats? bitcoin
You see? your mind is still back to fiat "profits"... my mind is not. We are not the same.
Was a bad explanation. You should keep all profits in bitcoin. Your treasury should be 100% in bitcoin. But your operational liquidity?
What if you have 5 employees with families. How can you justify taking a risk that you pay them only 50% of their salary?
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Media business. Great question, this would make for a great survey among bitcoin-only executives. Would bet majority does hedge with usd.
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All employee get paid in bitcoin using stablesats. They receive sats sometimes more sometimes less depending on the sat/usd ratio. But to calculate the business it's better to have a stable unit of account with 8% depreciation than a highly volatile sound money. All profits and treasury go in bitcoin, but operational liquidity needs to be in USD.
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highly volatile
Bitcoin is up +150% YTD
Why are you concerned about volatility when bitcoin has been consistently trending upwards for an entire year?
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Bitcoin is up +150% YTD
You must be new to bitcoin. What goes up, also comes down and bitcoin is still highly volatile over the short term. A business has monthly cost, did you know that?
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A business has monthly cost
What other expenses does a media/news website have besides paying writers? Your website is filled with shitcoinery and "investments" mindset...
You even offer courses/coaching ($468 to $1188)... bruh i'm out. peace.
Knowledge should be free.
The stable in this whole thing is Bitcoin, not the way around.
But yeah will take time until people will get that properly.
Until then keep using these monstrosity that doesn't make any sense.
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OK so case closed, you can add him to your list 😂😂
You can use nexo just to sell when you want to buy something with your nexo card. No need to use their shitcoins. How do you live without a credit card? It's simply impossible.
Did you read what I said before?
Earn in sats, spend in sats, hold in sats.
NEVER go back to fiat.
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When you spend in sats, how are you going to pay the same salary when the value of your sats has been reduced 20%? Fast for 4 months and not pay your rent?
What you suggest is only possible for people who don't have any cost, live off a farm they inherited or were able to purchase due to their privileged life. You get paid in sats and your only cost is your internet. You only eat eggs from your own chicken, produce your own energy with solar and pull the water out of a dirt hole.
It's not how it works for most people.
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It's not how it works for most people.
Is not working because their mindset is still stuck in fiat. That's why.
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