DefiantDandelion on Nostr: A few thoughts. My understanding of things like “chipotle points” is that what ...

A few thoughts. My understanding of things like “chipotle points” is that what they are giving away is more of the thing they make. So from the consumers perspective I get an 8 dollar burrito but from chipotle’s perspective I gave away 3 dollars of ingredients and 1 dollars of employee time. So there is an asymmetrical benefit which incentivizes the company to redeem.

Here is my pitch I think it works but it’s not going to make the accountant happy: Give people the option of receiving a portion of their payroll in sats As an option No KYC Bitcoin. If No KYC Bitcoin has a higher utility than KYC Bitcoin, then employees would be willing to accept an exchange rate for their portion of salaries in fiat that aligned with slightly better than what the No KYC markets provide in terms of trading fiat to btc. Next accept bitcoin as method of payment. Sourcing your own sats from customers, Use lightning which has lower fees than credit cards so you can sell your goods or services at the same price or cheaper to compensate for fees? but have a lower cost of acceptance.

So on the seller side you are keeping more of the value from sales, and on the employer side they are getting lower costs because people are taking a small haircut on a portion of their pay inorder for it to be No KYC, and you are supplying your own NoKYC btc via the clients paying in BTC so you don’t have to face the No KYC market rates.

I think this makes sense, but I admit I’m dosing off as I try to finish the post. Good luck.