Accept the coin and profit

There is a life hack available that for once isn’t a scam.

Bitcoin roundabouts are hyper efficient and super safe, unlike fiat traffic lights and intersections.

Accept bitcoin as payment.

Even if you don’t want any coins it doesn’t matter, just charge a premium to the customer. Bitcoin is getting easier to liquidate by the day so you can make an easy arbitrage gain on the premium your charge. Many bitcoiners will pay extra if the product is desirable, but even if nobody wants to pay a premium that’s just fine too as you didn’t want any coins anyway.

You are the supplier so you can guarantee that you make a profit every time someone pays in bitcoin. It just might not happen very often if you charge a high premium.

If you don’t want bitcoin then all you need to plan for is a way to liquidate it when you receive it. Ideally a liquidator is someone you trust like a friend or a business partner. Person to person is ideal because, after all, bitcoin is a “peer-to-peer electronic cash system”.

If you don’t know anyone who will pay you for your coin then just sign up to an online exchange. Maybe even a friend or business relationship will liquidate it for you in exchange for a cut of the profit.

The absolute WORST case scenario that could happen is you can’t liquidate it immediately and are stuck with it for a bit. Oh, so sad that you are stuck holding coins that appreciate faster than any asset in human history! Poor you.

Personally I like bitcoin and I will accept it at face value or sometimes I will even offer a discount simply so I don’t have to manage the fiat bullshit. Have you ever stood at the bank to send a cross border wire payment? I shudder thinking about it and I spend hours a month doing it running my business, every Thursday wires go out.

Every time I drive to the bank I feel dumb for burning time and fuel just to stand in a line. The banks don’t even serve free coffee anymore… Welp, the good news is the bank is close by and the route I take is full of hyper-efficient and safe roundabouts to joyfully navigate instead getting stuck behind fiat traffic lights. :D

Anyways, there are tons of ways to liquidate bitcoin so not offering it is sort of bad business practice, though I know there are other considerations I didn’t mention.

The old ways just feel so dumb and annoying after you’ve started using bitcoin, don’t they?

-SGB