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We’re already ordered orange pill shaped business cards to give to unknowing square owners. They show the steps to turn it on in dashboard or pod - this is stuff I’m giving to my fellow restaurants/competition just so BTC payments become mainstream fast !
Love the idea of saving transaction fees for merchants. But what about the customers spending lightening sats. Is @jack mallers strike app the only app that instant converts fiat to lightening to avoid taxable spending events? Is there a fee from strike for this service? Does cash app do that @jack @miles 🌞 ? Also, even if it’s not a taxable event, do you still need to record the spending events to prove they are not taxable. Do these apps make nice little reports for the tax man? Most normies aren’t gonna spend in lightening if they are constantly concerned about the IRS. Too much friction for most. @BTC Sessions do you have a tutorial for tax free lightening spending at a square pos?
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In @CITADEL DISPATCH ep114 with Adam Soltys from CoinOS, they laid out the two important elements that led to the success starting a circular economy in Vancouver 1. The incentives (bounty) to onboard a new vendor of a specific type that the *local* community sought; and that then enabled .. 2. The local community to immediately bring more, and new, business traffic to the business, validating their decision to onboard The first part is important, but the second makes it stick. How to do some geo-clustering on the demand side?
@miles @jack for the last several years we have been explaining sats to our fiat friends. Let’s make sure it says ‘sats’ somewhere during checkout since a lot of them have the basic understanding that sats are like cents of dollar. What is the point of confusing normies? I don’t want to have to explain to them every time that Square POS labeling is weird. The amount of human time we are going to waste on this is gong to be ridiculous. Thank you for your attention to this matter!