If your business allows for zero saving the only way Bitcoin can help you is accepting btc payments to attract / retain / reward (yes there are btc rewards / cash back solutions also) potential customers.
If making online sales your addressable market of Bitcoiners is huge, some estimations 100 million. And we’re passionate (to a point of being labelled as a cult by some) towards fellow Bitcoiners esp w/ businesses, the benefits of offering btc payment option to a potential customer base like that is obvious.
If your business only makes brick & mortar sales, you’d need to be in one of the globes Bitcoin circular economies for there to be any impact from btc sales. At this early stage of bitcoin’s evolution it would likely be a rounding error in terms of total sales.
If your business allows for zero savings, then that is all academic really, first point of order is to join the ranks of the millions & millions of businesses world wide that run an operation that has savings & thinks about how best to protect & grow that balance as the years roll on.
That’s when Bitcoin can really help the bottom line. You could even be someone that has a time preference that is so high that 2-3 years seems like a long time. Even on that timeframe the volatility of your savings in Bitcoin will become very favourable to the business bottom line.
Keep adding to the savings in Bitcoin, keep your borrowings an expenses & cash flow in fiat as required.
Bitcoins diminishing volatility over its lifetime has happened within a 120 million percent USD denominated price increase.
People & businesses with any form of savings only have to lower their time preference a little bit, e.g think in terms of 4 years halving cycles, to benefit massively from that volatility.
For any person or business with the opportunity to think about their savings, fiat is pathetic in comparison. It is really good at loosing considerable amounts (7%, 12%, 15%…) of purchasing power every 12 months, with low volatility / great stability. The popular CPI is the CPLie, it is provably not a reliable indication of how much purchasing power your fiat savings are actually loosing. And that effective loss in savings compounds negatively!
Nostralia
npub1g3…l9a5f
2024-11-18 22:36:18
in reply to nevent1q…z2aw
Author Public Key
npub1g345anm3n5rtte4pw00jud46rezs742mxs7eaq6fsqmzsnvaesvsll9a5fPublished at
2024-11-18 22:36:18Event JSON
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"content": "If your business allows for zero saving the only way Bitcoin can help you is accepting btc payments to attract / retain / reward (yes there are btc rewards / cash back solutions also) potential customers. \n\nIf making online sales your addressable market of Bitcoiners is huge, some estimations 100 million. And we’re passionate (to a point of being labelled as a cult by some) towards fellow Bitcoiners esp w/ businesses, the benefits of offering btc payment option to a potential customer base like that is obvious. \n\nIf your business only makes brick \u0026 mortar sales, you’d need to be in one of the globes Bitcoin circular economies for there to be any impact from btc sales. At this early stage of bitcoin’s evolution it would likely be a rounding error in terms of total sales. \n\nIf your business allows for zero savings, then that is all academic really, first point of order is to join the ranks of the millions \u0026 millions of businesses world wide that run an operation that has savings \u0026 thinks about how best to protect \u0026 grow that balance as the years roll on. \n\nThat’s when Bitcoin can really help the bottom line. You could even be someone that has a time preference that is so high that 2-3 years seems like a long time. Even on that timeframe the volatility of your savings in Bitcoin will become very favourable to the business bottom line. \n\nKeep adding to the savings in Bitcoin, keep your borrowings an expenses \u0026 cash flow in fiat as required.\n\nBitcoins diminishing volatility over its lifetime has happened within a 120 million percent USD denominated price increase. \n\nPeople \u0026 businesses with any form of savings only have to lower their time preference a little bit, e.g think in terms of 4 years halving cycles, to benefit massively from that volatility.\n\nFor any person or business with the opportunity to think about their savings, fiat is pathetic in comparison. It is really good at loosing considerable amounts (7%, 12%, 15%…) of purchasing power every 12 months, with low volatility / great stability. The popular CPI is the CPLie, it is provably not a reliable indication of how much purchasing power your fiat savings are actually loosing. And that effective loss in savings compounds negatively!",
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