In Europe there is a lot of competition. As it should be. We’re very happy to see an ever growing choice of shops. If one fails the other ones will just pickup demand. We were the first with Bitaxes, now there are dozens if not over 100 shops that sell bitaxes. We were distributing all Dutch translated books, now you can find them in the average book shop and the biggest distributor of books is taking care of it. We were the first to start selling @FOUNDATIONdvcs and were asked by @SatsVault to take over his shop, as it was too much at that time. We are moving in waves, are not depending on anyone. Have 0 debt. And have no plan of ever selling the business. Sovereignty in self, what to sell, deletion of data is key. We keep on fighting with shippers to be able to ship anonymously, though we see some worrisome directions. On the positive side, data protection is starting to live more with the shippers as the first EU shipper has implemented 2FA if you have an account. We keep on shipping without account manually, without API’s, no data leakage. We hope to be able to persist. Competitors clearly focus more on a fluid user experience, with direct WhatsApp customer service, Shopify (that’s where the ledger hack happened FYI) use and many other details with regards to privacy that we do differently. It simply shows in the amount of anon mailadresses and postal boxes being used for orders. We start to see more opened packages by customs, especially to Spain. Curious what the next years are going to bring. We are prepared to just deliver hardware for self built signers and miners in case it becomes truly difficult.
We’re running out of sealbags. People across Europe are ordering sealbags like there is no tomorrow. Seal bags are used to safely secure your backup words / seed QR or signing device / hardware wallet. You can directly see the seal bag is secure and intact, and therefore you know for sure nobody is in possession of your backup or device. The smaller Seal Bag (130mm x 230mm) fits - Bitcoin Brabant Seedword & SeedQR paper - All signing devices without box or protection - All backup plates (seedfan, seedsafe & tinyseed) without box. The larger Seal Bag (260mm x 350mm) fits - @Foundation Passport with packaging - @COLDCARD Q with casing - @Blockstream Jade plus in box - Seedfan package in box image
If you spend bitcoin for stock of @COLDCARD @Foundation @npub17tyk...3mgl @BitBox etc and people paid that bitcoin. But also some people buy these devices with fiat, which is directly converted into bitcoin. But after taxes and stock capacity holding you are nett losing bitcoin. Are you doing something positive for bitcoin? Some say you should take a fiat loan, because running it on bitcoin doesn’t make sense. But we’re using bitcoin fully, so what is better?