Thread by @BrainHarrington

The key is merchants and entrepreneurs demanding #Bitcoin for their services

I'm going to keep repeating that for myself to keep remembering as much as for others

I'm not the first one to say this, again just repeating for us all to think about

This is a reason why I'm rethinking if an optimized Bitcoin Merchant Directory actually helps drive any business to businesses that accept Bitcoin

I guess marginally it could but when I'm thinking about the purchases I've made w/ Bitcoin my flow did not take me through a directory and the times I've scrolled directories I haven't really seen anything I've needed or felt like I wanted to buy

Bitcoin business like all business starts w/ a personal relationship or with a well defined need or want

I would love to see a test of a small to medium sized restaurant or e commerce business just fully flip the switch and go to #Bitcoin only

Like re optimize their whole flow to just say we only take #btc now

You could have really nice pop ups telling customers the wallets you recommend to download or if its brick n mortar than run a table out on the sidewalk and say sorry due to the hard economic times we are #btc only now, please download this app in order to pay

I want to run this test for someone, I want to be on the team that runs this test

I want to actually see the numbers side by side of what the credit card fees used to be and what the rubber meets the road headaches or benefits were of switching

It's effectively the small to medium business equivalent of what Microstrategy did where they just flipped the switch one day and switched their reserves to Bitcoin

I want to see a cash flow business run this test of just flipping the switch

Have 3-6 months of cash to pay vendors and employees while you run the test fully on Bitcoin and as the early numbers come in start to have those conversations with the most willing ones to pay them in Bitcoin as a partial test too

I also want to talk about this concept of "accepting Bitcoin", I'm not sure that's going to be how it works for the small to medium businesses that embrace this

I think its going to be way closer to "preferring Bitcoin", like I'm sorry we are Bitcoin only, any other method of payment is going to result in a $10 surcharge, like a wine corkage fee

In that sense you're not giving a #bitcoin discount, you're charging a fiat fee the same way some places already charge you a fee to use a credit card

I also don't think its that weird to only accept one kind of payment and require customers change their habits with you or pick a different place to shop

Cash only businesses do this

Costco does this only accepting Visa after recently switching from Amex

Early in the pandemic I was scrolling small business for sale sites because just like alot of people I have that fantasy of just hanging up on the annoying knowledge work and just running a bar or running a laundromat or running a coffee shop

Getting the opportunity to take a small to medium sized business, any kind of business, and just switch it over to #bitcoin would be really cool and I think open eyes up for alot of people

Like maybe on a macro level its really hard to predict the future and think about hyper bitcoinization and whatever but honestly on a small level maybe it is as simple as just getting your ducks in a row and flipping the switch

If you have a good that people want/need and are offering it at a convenient price and location, getting them to download and app and scan a QR code instead of sticking a piece of plastic in a machine feels definitely doable to me

In the past 7 days I've managed the checkout flow of right around $2,000 of #btc online and in person and would love the opportunity to do more

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