I read a lot of comments that basically say, “No one wants to spend their BTC… so asking to pay with it or LN is a stupid suggestion.” Or, “buying with BTC is a taxable event…”
Look up Strike by Zap. You can pay with your fiat using LN. It is a non-taxable transaction and you do not spend any of your BTC. It’s also great for retailers that accept LN payment because they can avoid the 1-3% merchant fees. It took me a few moments for me to originally understand this, so let me repeat: you can use the Lightning Network to buy stuff using your fiat.
Yes, I realize it’s just as easy to buy stuff with your credit card. But, asking a retailer if they accept Bitcoin is not a stupid question. It actually may help them to save money. Or, better yet, they may give you 1-3% off since LN avoids the credit card fee that merchants have to pay. Add to that that merchants won’t have to deal with charge back fees that happen with credit cards. Honestly, LN would be a huge win for retailers. Oh yeah, and the more that retailers accept it, the more your BTC will increase in value. The only people losing out are credit card companies.
So, please, before you crap on people that want to pay for stuff with BTC please realize that Strike exists. Also, there are crazy people out there that live 99% off BTC. I would imagine that these folks would love it if more people accepted BTC/LN.
May BTC shine down upon you.
No comments:
Post a Comment