Let's get started with a business that allows for zero savings for starters. Just breaking even would already be great. If there's room for savings later I'll look into that later.
The key concern here is that as a business I'll have to spend today and earn later, like buying a commercial ice machine for $3000 and selling iced coffee for the next couple of months to make my money back. Add interest if the machine was bought on a loan.
My income from iced coffee needs to be stable so I can estimate whether can sell enough iced coffee. If the price of iced coffee goes down much because of deflation I'm stuffed.
Fiat has done a reasonably good job at being stable. Could be better but Bitcoin has been much worse. So running a business on Bitcoin is a no-go.
With a business accepting lightning payments converting to fiat on the backend I have nothing to gain. Might as well accept fiat only.
How do you run your business? Do you accept lightning? Do you pay your suppliers in Bitcoin? How do you deal with inflation?
Yes the fiat price of Bitcoin has gone up. But why would it go any further. Depends on the misery and dreams of the naive masses who have a few dollars to spare to stack sats. If that's what you want to speculate on be my guest.
frphank
npub1g7…u8yd9
2024-11-18 09:10:09
in reply to nevent1q…5azr
Author Public Key
npub1g7lqk25fl24xd0zh7hr8jgp5smdy2eszjh9nmv7z7w85h6xcs9hq4u8yd9Seen on
wss://relay.damus.ioPublished at
2024-11-18 09:10:09Event JSON
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"content": "Let's get started with a business that allows for zero savings for starters. Just breaking even would already be great. If there's room for savings later I'll look into that later.\n\nThe key concern here is that as a business I'll have to spend today and earn later, like buying a commercial ice machine for $3000 and selling iced coffee for the next couple of months to make my money back. Add interest if the machine was bought on a loan.\n\nMy income from iced coffee needs to be stable so I can estimate whether can sell enough iced coffee. If the price of iced coffee goes down much because of deflation I'm stuffed.\n\nFiat has done a reasonably good job at being stable. Could be better but Bitcoin has been much worse. So running a business on Bitcoin is a no-go.\n\nWith a business accepting lightning payments converting to fiat on the backend I have nothing to gain. Might as well accept fiat only.\n\nHow do you run your business? Do you accept lightning? Do you pay your suppliers in Bitcoin? How do you deal with inflation?\n\nYes the fiat price of Bitcoin has gone up. But why would it go any further. Depends on the misery and dreams of the naive masses who have a few dollars to spare to stack sats. If that's what you want to speculate on be my guest.\n",
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