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0 sats \ 0 replies \ @thecommoner OP 29 Apr \ parent \ on: Bitcoin Incentives/Affordable Housing/Strengthening the Network bitcoin
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