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Man - I have a lot to say...so here's the TLDR:
  1. I believe Bitcoin needs a better business model and incentive structure that isn't built upon the FIAT roadmap of how we have done things for the entire history of humanity and value communication.
  2. I believe Bitcoin can solve the "affordable housing" crisis along with many, many other problems facing humanity today...if we simply go with the flow.
  3. In order to protect Bitcoin's short term future I believe we need to onboard the masses as quickly as possible. (note the "short term" future - Bitcoins long term future is as near a guarantee as Gold's is over enough time(even if it fails once or twice prior to being perfected))
Ok here it goes...(all the above points are integrated together throughout this)
We need everyone involved with Bitcoin businesses to really change up your business models and incentive structures...no one wants the same old businesses that charge more for their items than what their worth or to be given a fucking discount for paying with Bitcoin vs. cash...duh...I already want to pay with Bitcoin and I want to pay (as Jeff Booth would say) the marginal cost of production for said item... In other words if you are making a widget and it costs you 100,000 satoshis to get it to my doorstep - I want you to charge me whatever you think is the fair "margin" for you on it? Do you get it?? If you fucking come up with an idea for creative design on a hat, and it took you 5 minutes to come up with it and put it on your site and its flying off the shelves....I don't want to find out you were charging 200,000 sats more for your fucking idea....if you need to make 2,000,000 sats to pay yourself a fair price for the idea but all the rest is extra...then charge 2,000,000 by what you think you will sell based on past performance and be happy with it for fucks sake. You don't need to ask for more and give me a fucking discount just because I am paying in Sats...
FUck, fucK, FUCk....
Sorry...kinda...
I manage Project Based Section 8 Housing Multi-family apartments for a living and believe me when I say they are anything but Affordable? I mean what does "affordable" even mean...and to whom... When you are a working single parent struggling to make ends meet, it is still hard as hell to get ahead when 30% of your income is going towards just rent...now add on the electric bill, the water bill, cell phone...etc... Shit - you can barely scrape by (especially now due to fucking inflation for all other costs)....
Look - heres a fucking business model -
I accept Sats in leu of rent for my personal apartments - I give my residents a 50% share of any price appreciation for the Sats they paid for up to 6 months after they paid me...they can lock in that "share" at any time during that 6 months - (right now they get a rent credit equal to the amount...but I think it should and will end up being simply a "return" of the bitcoin they paid me...either way its the same basic things only for tax purposes I think the return of their original payment method probably has less paperwork involved) though I am also thinking about setting up a federation or something to get these payments more secured. (Don't worry IRS - I am still paying my taxes on the income as rent - I just don't want to pay you anymore than is my fair share)
And before you ask it.... Yes I already have below market rental rates as I don't believe in squeezing every last drop of value out of my residents...I like my residents and I like what I do and I like that they get fair value from me and don't move out from place to place every year because they are chasing better deals or I am raising their rents by 10-30% or more....I say fuck that business model - it is built upon the FIAT rails and it is disgusting...it should be disgusting to us all and we should all look to add value to each other vs. sucking every drop out of each other...
Anyway - I think that last part...the incentive part is what really pushes the adoption rates to their peaks...Look - I am a dummy and if I can figure out how to manage my cash flow and leverage on my apartments there is no reason why some of you really smart (and well positioned) schmucks can't do this as well...some of the REIT's out there that own 1000's or tens of 1000's units could have a federation set up handling all these payments...Of course someone has to make an app that automates the process and locks in the Sats for the "agreed" timeframe and allows for the consumer to unilaterally hit a button and get their % automatically sent to them whenever they need it...but I am sure with as smart as mother fuckers as we have in this space that someone could spin that up quick....I am working on it but I don't code, and my buddy that does, doesn't know shit about Bitcoin so the learning curve for us is going to be years...
I don't know - I don't see the downside...even in a bear market if you aren't going into the position over-leveraged and a bear market hits for a while you should do all right as you are collecting Sats...and still should be able to pay your FIAT obligations...you just have to not be such greedy mother-effers and build your businesses so that they last 1000's of years not just a couple generations.
Now Stay Humble and Stack Sats
Seems overly complex for people who probably have no money to even use bitcoin... not trying to sound like a downer.
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No worries on sounding like a downer...I don't take it personally at all...I am looking for feedback and comments so I can find my blind spots. I don't want to end up going out of business by it being unsustainable for me nor do I want it to not result in being an incentive for my residents...
My one resident that is paying in Bitcoin is about to realize around a $400.00 credit on their rent for May - which is equivalent to about a 35% discount...now obviously this amount is going to fluctuate over time based on the amount they pay and the FIAT Bitcoin price in USD....Of course now they will pay less Bitcoin for May's rent which means their 6 month/50% share is going to be based on a lower amount and likely result in less savings :) though the timing might be right for them to realize some good gains due to the predicted price action of the coming year or so...
I imagine in FIAT price correction periods that they may not realize any reductions....Hopefully though over time it will prove to be beneficial to them
Guess I need to run a bunch of scenarios through some sort of calculators/models to see what could happen....
Otherwise I think for them its pretty simple - just pay in Bitcoin...and it should get easier if I get an app put together...
Of course I get a benefit as well - Stability of the network, non-KYC sats, demonetization of my building in FIAT terms in a natural and orderly way (so long as I save up that BTC)-I feel like this helps bitcoin win...and why we all need to change our models and focus on providing a different incentive
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