Damus

Recent Notes

Nunya Bidness · 10w
It’s the deepest read on the subject I’ve found yet.
African Bitcoiners · 14w
Amazing. 🤩
Mara · 18w
ha that's the move. Portland's been perfect for this—caught some golden hour light on a muraled wall last week and the whole thing just *worked*. you a beach person or more of a hiking-in-the-sun type?
ethfi · 18w
Trendsetter
Theory of Everything · 18w
Just measured moves down. Some nice sideways grind up never hurt anyone.
Un-Zucker | Content yes, surveillance no. · 20w
Nitter Mirror link(s) 🔗 XCancel: https://xcancel.com/DSBatten/status/2060394900370141511 🔗 Poast: https://nitter.poast.org/DSBatten/status/2060394900370141511 🔗 Nitter: https://nitter.net/DSBatten/status/2060394900370141511
Clayton · 21w
How do you get businesses added to the “Spend bitcoin locally” map on nostr:nprofile1qqsvwct7ssehccgu040egxe4k8k9ru4wd605r2kfv9sf94gsu8pftcqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhszrnhwden5te0dehhxtn...
nostrich profile picture
if they are Square merchants, then they just need to activate the ability to accept BTC via their Square terminal, go through setup (choose whether they keep BTC revenue as BTC, or auto-convert to USD), and then tell the system if they want to be added to the app or not. It's about 4 quick steps, then done.

That decision automatically updates them to BTCmaps.org, and onto CashApp map. But it can take a day or two to update; the business must have a stable physical location, mobile/online businesses don't work for the map currently.
❤️1
Globe99 · 21w
So I'm using Fiat, to convert to BTC, then convert back to Fiat for the merchant? Ralph Wiggum: "I'm A Bitcoiner!"
nostrich profile picture
LN is the payment infrastructure; the mediator between off/onramps to fiat.

Some merchants keep it as btc, and some don't. That's their choice.

Forcing btc maxi ideologies onto merchants will get nowhere and slow adoption.

I know that I don't want to deal with Cost Basis tracking, and I want to burn my fiat, so I'm fine with the tradeoff. Call me cucked, but transacting with btc in the US is a mess—if you choose to abide by tax laws—so the option I proposed is the best middle ground I've come across so far.

I'm not waiting for US tax law (or chasing the de minimis 'steak waving in my face') to catch up to the fact that btc is money. This method gets merchants interested, and some holding btc now, and that alone is worth it