utxo the webmaster 🧑‍💻 on nostr

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utxo the webmaster 🧑‍💻

@utxo the webmaster 🧑‍💻 1768834942

trigger warning: shitcoins winning in payments

one of my sites recently got banned by stripe (classic). Was able to get a new processor going quickly though.

I've always had bitcoin/lightning payments, but only 1-2% of sales went through it.

So as an experiment, I added ETH, SOL and fiatcoins.

Crypto sales went up about 400% and now account for about 10% of my total sales

additionally, only bitcoin users are sending in complaints to my support desk asking "why is my payment not going through?" (because it's still stuck in mempool but they don't understand that when they pay from coinbase/binance)

Make of this as you will.

595❤️16🤙5🔥2❤️1👀1😭1

shitcoins on a proof of stake network have dozens of servers with near instant settlement. it’s visa 2.0. that’s a lot different that a globally decentralized permission-less network with tens of thousands of nodes coordinating with zero trust.

Reality is harsh. We need to do better. And generally businesses like stripe need to stop using on-chain Bitcoin for payment rails.

nostrich · 14w

Why adding literal shitcoins, but no Monero?

🔥 𝕷𝖔́𝖉𝖚𝖗𝖗 ☠️ · 14w

Parabéns pela estatística. está dentro do que acredito ser verdadeiro. Hoje no mundo, apenas cerca de 10% da população utiliza criptomoedas..... o que explica o por que apenas 10% pagam com criptomoedas. Quanto a forma de pagamento, se adicionar MONERO, provavelmente aumentará suas vendas, p...

DeAllen Young · 14w

Coinbase 🤮🤮🤮🤮🤮 https://media.tenor.com/tD2yOnvoi1EAAAAC/cat-throw-up.gif

Joe Nakamoto · 14w

Money laundering innit

Don't need to calculate capital gains on Tether #thereisolvedit

The Daniel 🖖 · 14w

No shame in accepting any form of money people want to pay, even if their money is a joke.

CheezeGrater 🇿🇦 · 14w

Expect to see a massive surge in fiatcoin usage in the coming months / years. Those that value sovereignty will use Bitcoin.

Karadenizli · 14w

I'd be curious if this correlates with overall discretionary spending by those groups. It's hard to imagine gambling crypto degens spending less than long term bitcoin savers. The ultimate NGU attack on the shitcoins would be to accept all of them, and instantly trade into btc

https://primal.net/e/nevent1qqs8lp3w7fvd4s9l0zrgz7qpufhzavegju533v9katl2yfkrgyjwymge3prsf

Achilles · 14w

We are not winning yet 😢

Chuck Langstrumpf · 14w

now add Monero...

nomadshiba⚡ · 14w

only accept lightning.

sister_sam · 14w

BTC got screwed up to be great for payments directly by some decisions made along the way. And the ones that are better at it are not "shit coins".

oNe wOrLd oNe lOvE · 14w

https://blossom.primal.net/0ec430911f44c11a23714451639e1200861343099c87d7184e89d9f95fe6195e.jpg

BTCrevolutionary · 14w

Hard to win payments with 7 tps unfortunately

Crypto Is Cash - Bitcoin for Small Businesses & Their Customers · 14w

What does your business use for a POS?

How'd you enable those other payment methods and do you have a way to automate to whatever you want for sov

Pro tip: add Monero

That's very interesting. What type of business is it? Do you accept other crypto via Square or if not how do you do it?

Bittvest · 14w

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Quantoshi.xyz · 14w

Everyone wants easy fast cheap payments without security concerns or responsibilities. Bitcoin can never do this on its own. The closest is third party lightning setups without liquidity problems.