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I wish Parker was on here to say thanks
I always keep saying: can I pay with bitcoin here in El Salvador 🇸🇻🤷🏻♂️
Countdown to #bitcoin block 1,000,000 🤙
I do not understand how parker can write this while also being bearish on nostr and zaps.
Same reason why the mempool is gonna clear on Christmas Eve… the universe is coming for your sats 😂
*mempools
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Parker is the man. Great article.
square bitcoin payment tease
I see you
idk who he is but i would if he had a nostr
Patience. This makes his ultimate capitulation all the more sweet.
This is a great article, Jack, thanks. Merchants are key and I guess Square/block could play a very significant role facilitating this, too.
I pay with Bitcoin literally everywhere and have done so for years and the merchants or other counterparties don't even know it. You don't have to pay in Bitcoin to pay with Bitcoin.
Yes but isn't it obvious?
Who needs a store of value that is not liquid?
Bitcoin is liquid because it is a perfect method of payment and currency all over the world, it is considered "predominantly SOV" just in the privileged Western world.
And it is much better to separate your fiat and Bitcoin business, you wouldn't be able to fully use the best properties of Bitcoin (e.g. censorship resistance) otherwise.
This is based on our own Bitcoin merchant experience.
it is bizarre. the claim to be waiting for a certain block height before considering the move, while writing such lucid articles on game theory, makes little to no sense. to me 😂
happy to see more conversations around trade solutions for goods and services with Bitcoin as a representation of Bitcoin's value - this is a great step forward
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Getting Jack to post Parker’s work will get Parker on Nostr … gradually then suddenly 😂
He has a poor understanding of the transition dynamics... which should be easy for you to understand since the same applies to you!
View quoted note →
💯🌅
How do you do it?
Nostr will make Bitcoin payments more popular
Yes bitcoin as payment internationally
#One World
# Fiat and Crypto 2 payment systems
As long as kosher to cash out. 
If someone chooses to pay in Bitcoin, there is the existing 2-3% transaction fee $SQ could play with to incentivize both sides of the transaction.
The fee for merchants could be just 1%, saving them money vs. a credit card payment, and the purchase price could be 2% cheaper for customers. Or, customers could get 2% of the total automatically converted as “cash back” / “bitcoin back” into their (Cash app) wallet.
I personally would choose to “Pay in Bitcoin” all the time if Cash App automatically converted my fiat dollar balance into bitcoin for the merchant upon payment, and I automatically received 2% “bitcoin back”. Much better than “cash back”!
⚡️🙏🧡
Actually, I’m realizing that the math doesn’t work out as described above, but what I’m essentially saying is that credit card interchange fees don’t exist with bitcoin / lightning, so this savings could be repurposed toward giving merchants lower fees & incentivizing them to accept bitcoin, and/or towards consumers via bitcoin cash back.
RFK Jr. is the first candidate to accept contributions in BTC, right? Do you support his candidacy?
This *needs* to happen.
But hodl -> zap is a tough bridge to cross, both mentally and physically.
Took me 2 weeks to make it to the other side!