square sellers accepting bitcoin
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Customer sends fiat
Business receives bitcoin/fiat or a % of both
their choice
Hopefully this is how it works! Will be great for adoption. Businesses would slowly ramp up % staying as bitcoin as they see more and more of its benefits
what a wonderful world ..
This is promising, pretty much everyone at my local farmers market uses it!
Does anyone know if this will be defaulted to ON for merchants, or a manual opt-in type scenario?
If the latter, we're gonna have to create an open source leaflet with some information with why local merchants should turn it on. @bitcoin.rocks style.
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Jack Dorsey is a Bitcoin Angel 😇. Good stuff.
Thx and congrats 👏🏻 that must feel electrifying ⚡
Then ask him to explain this. "Seedless is safer"?!🙄
I'll pillow talk with him.🫂I've heard concerns indeed and that department isn't quite giving the "Bitcoin (ethos) company" vibe. I think Jack might have to step in a bit more and do some clean up and reorganization there. As far as I know he's been given feedback and reflections straight from within. Old paradigm corporate culture with its layers of power structure hierarchoes and egocentricity is a sluggish toughy to reshape.
Not sure why you think he'll listen. All he's done is mock those who call him out on this and he has given no logical or rational explanation as to why BIP 177 will cause a reduction in confusion and help promote understanding of bitcoin. This false narrative he's trying to push seems like just another corporate manipulation tactic he's using to help promote Bitkey, which is already getting a fairly large amount of negative reception. Also, saying that the implementation of this particular line of thought will make it easier for others to understand bitcoin just shows how little faith he has in human intelligence.
I thought you were referring to the seedless is safer phrase. Now you are talking about BIP 177... ?
Are the two related?
I haven't done my homework but just in passing I think I am getting the BIP 177 is the proposal to replace sats with Bitcoin's? Or what is it bits? bitties?
I personally don't have a strong attachment to either way. Intuitively though I am feeling having Bitcoin become an ubiquitous phrase used in the lexicon of people in their daily transacting might be better for Bitcoin... 🤷🏻♀️ And our daily transacting doesn't involve purchases over $100k+... But it is full of many small purchases that would be priced in satoshis. (Is that the argument anyways).
Why are you so passionate about this? What's your take?
Every corporation gets to have failed products, perhaps. And it makes sense that they will do their best to make it survive and hopefully thrive.
But how are the two related?
I am referring to Bitkey in the second part of my comment.
The two are related. First, seedless being safer is an outright lie. Imagine the security risks of not needing a seed phrase. And BIP177 is an attempt to rebrand satoshis by labeling 1 sat as 1 whole bitcoin. This literally goes against the whitepaper in the first place since their will only ever be 21 million, not 2.1 quadrillion bitcoins. Jack is trying to argue that people aren't smart enough to understand that their are 100 million sats in 1 whole bitcoin. Therefore, regarding this particular aspect, he is not educating the public on anything bitcoin-related, only spreading misinformation.
Why I'm passionate... well, that's simple: I don't like the spreading of misinformation for corporate gain.
Yep, they do. I was never arguing that. But, making the Bitkey display your sat balance as whole bitcoins will just confuse the public even more, not help them reach a level of better understanding.
Also, why would you want Block to hold one of your keys? That doesn't sound safe, imo.
massive
Tried it out. Worked flawlessly. Used my own @Umbrel ☂️ and @ZEUS.
Bitcoin wins. This is the way.
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Can we open up a lightning channel with block?
Yes go ahead
Finally.
Weird feeling of excitement and even shivers just thinking that we now have Square & FOSS @BTCPay Server side by side, fueling bitcoin adoption in Vegas.
What a journey these past 7 years have been. Gradually, then suddenly!
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Back to 2015...
Gradually, then suddenly
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오우 뎀!! 스퀘어!!
massive 🫡
Didn't Zeus do this last year?
turn on bitcoin payments from square pos?
no. not that i’m aware of. WoS created a POC to do it. but this would allow merchants to be paid in sats - fully intergrated into the pos system. which would be needed for inventory management and the like to properly run a business
Yeh 💪
Yes.
Zeus has full square integration plus receive as ecash with no channel managemnet.
really? wow. thats epic.
👀 woah
Beat em to it 🫡
Stoked for this
Great news @jack!
Camo on jack 💪⚡️😉
Amazing!!!
My man jack 👊
Into their custodial wallets, like this Paypal thing?
i just hope it is self custody.
@jack hope you haven’t forgotten Australia? We are a nation in distress.
Nice! 🫶
Bitcoin is money! 🍻


This is silliness. Sellers can just use Bitcoin without using Square. Probably cost them less, and keep the power to transact in their own hands without going through a bank..
Giving sellers the option, without them having to put the work in, is a huge bump...and one step closer.
This is huge! Proud to be a part of this community
This is big news.
Serial killer
People actually listen to your thoughts around Ohio
