jack (nprofile…jsen) replying to @bitpaine on X
we asked sellers: do you want a percentage of your daily sales auto-converted to #bitcoin, or accept bitcoin directly. they said auto-convert. so we did that.
we're going to enable sellers to accept bitcoin directly. we did this all they way back in 2014 for all of our online sellers. zero buyers used it.
it's not just a quick switch though. most #merchants will want/demand it converted automatically to fiat (this was actually our first product before we built the exchange in 2018). most merchants care deeply about line times. people fumbling around with phones to pay means missed sales due to longer lines. all fixable, but it's a concern.
i don't think this time around usage will be much. i hope i'm wrong. we're building something for people that *may* want to spend their bitcoin, in a cycle where people may not actually want to spend their bitcoin because it's going up so much. but we're going to try again on principle, and see what happens. i want bitcoin to become the native currency of the internet above all else.
the greatest at scale example of bitcoin as every day payments are zaps on #nostr. worth consideration.
Michael
npub1lj…qhkxe
2025-04-04 03:29:05
Author Public Key
npub1lj0gvjxfd8yzche9r66e4u20xzyatmg0wwfd676a9kdffmjunj7szqhkxePublished at
2025-04-04 03:29:05Event JSON
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