jackspirko on Nostr: This is a fantastic thread, yea it is on X but it is great and it isn't here, so here ...
This is a fantastic thread, yea it is on X but it is great and it isn't here, so here is the link followed by my commentary.
https://x.com/Bart_Mol/status/1830678083369869803
I have tried to explain this. Transaction speeed and fees are not what holds BTC back as a payment method. Read this guys entire thread.
The real issues are accounting and volatility.
Volatility can be solved with instant conversion to something like USDT but then what it the point of accepting Bitcoin.
Tax policy is the big issue.
The future for now
Bitcoin = Money (tapped into for major things otherwise a long term store of value, what you should convert surplus currency into)
Dollar = Currency (what you will get paid with mostly, what you will use for most day to day expenses)
bUt iTs NoT sUppOseD tO bE tHaT wAY
Yea well your mom isn't supposed to like me more than she like you, but here we are anyway.
https://x.com/Bart_Mol/status/1830678083369869803
I have tried to explain this. Transaction speeed and fees are not what holds BTC back as a payment method. Read this guys entire thread.
The real issues are accounting and volatility.
Volatility can be solved with instant conversion to something like USDT but then what it the point of accepting Bitcoin.
Tax policy is the big issue.
The future for now
Bitcoin = Money (tapped into for major things otherwise a long term store of value, what you should convert surplus currency into)
Dollar = Currency (what you will get paid with mostly, what you will use for most day to day expenses)
bUt iTs NoT sUppOseD tO bE tHaT wAY
Yea well your mom isn't supposed to like me more than she like you, but here we are anyway.