Agreed. Elevator pitch. Five sentences is about three sentences too many for most people.
#orangepill as I see it is 99 percent anarchy or Number Go Up.
We need some thinking dedicated to grassroots action dedicated to practical use for businesses.
There are a lot of problems in broad Bitcoin adoption, but the major one I see is the chicken-and-egg or Catch-22 problem. Why have Bitcoin as a currency if no one accepts it? And why should my business accept it if no one uses it?
One thing I've been exploring is the percentage of *profit* (not revenue) lost to credit card transaction fees.
Example:
300k/year revenue
200k go to wages
50k other expenses
9k credit card processing
41k profit
When you look at it as "3 percent of revenue" it doesn't sound so bad. BUT IT'S OVER TWENTY PERCENT OF PROFIT!". Just for the privilege of accepting plastic, of which charges can be reversed!
Joda
npub1w0…d0pgd
2023-04-06 18:33:26
in reply to nevent1q…saa4
Author Public Key
npub1w08wy6ct50q9lenk44r68url0ywrtzeey96xx5v6vm0hgpe08wmqkd0pgdPublished at
2023-04-06 18:33:26Event JSON
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"content": "Agreed. Elevator pitch. Five sentences is about three sentences too many for most people.\n\n#orangepill as I see it is 99 percent anarchy or Number Go Up.\n\nWe need some thinking dedicated to grassroots action dedicated to practical use for businesses.\n\nThere are a lot of problems in broad Bitcoin adoption, but the major one I see is the chicken-and-egg or Catch-22 problem. Why have Bitcoin as a currency if no one accepts it? And why should my business accept it if no one uses it?\n\nOne thing I've been exploring is the percentage of *profit* (not revenue) lost to credit card transaction fees.\n\nExample:\n300k/year revenue\n200k go to wages\n50k other expenses\n9k credit card processing\n41k profit\n\nWhen you look at it as \"3 percent of revenue\" it doesn't sound so bad. BUT IT'S OVER TWENTY PERCENT OF PROFIT!\". Just for the privilege of accepting plastic, of which charges can be reversed! \n\n",
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