Hey, I'm happy to hear these ideas got your thoughts flowing :)
1. By using Bitcoin as a payments method, we can save 1-3% in card processing fees (+ no chargeback/fraud risk). At first I also had fiat payments available on npub1p6y243ek340jtqjr0qnqg2elkw3x5yn08kzhvxxxkejj486mlg9qtnwx3t (npub1p6y…wx3t), so the discount percentages were lower, but paying with Bitcoin had an extra 2% discount. However, it turned out most bigger fiat processors don't accept being used on a gift card resale site and as I was starting with the Bitcoin niche anyway, I figured it's best to start with Bitcoin only and higher discount straight away (also easier for customer to understand the value proposition).
2. The idea is for this business to concentrate purchasing power (when buying the gift cards in bulk up front - however, as there's been no investor interest and minimal traction, I presume I will mostly have to go by consignment deals or just be a middleman between a gift card network and end client - which will probably result in lower discount rates for both my company and the end user). However, the second point still remains in a roundabout way - if the company is profitable and stores its profits in Bitcoin, which will in time gain purchasing value, then we will by default be ahead of companies operating on a full fiat standard, which means we can lower margins, which means better prices for the end user. So I mentioned how I was able to get gift cards for one of the big grocery stores in Australia... with fiat payments it was already at a 4% discount. Now what if we can add another 2% discount just by bypassing the fiat payment processors? It's not much, percentage wise, but it adds up, and from customer's point of view it's an additional 50% of savings just by using Bitcoin instead of the banks. I think that would catch some attention from the pre-coiner crowd. Or even bigger savings if you can use such services while travelling, so you can also bypass any FX fees or ATM withdrawal fees (I was in Cambodia when that whole idea started to formulate in my head and so sick of paying like $5 USD to the banks any time I wanted to withdraw cash).
The 3D-4D thought process you described is cool, and yes, it aligns with how I see it and am trying to manifest it :)
The noise/information problem is also very real, and obviously I haven't really solved it yet. Getting my ideas and work "out there" was one of the main reasons I started using social media in 2022, and so far the progress has been slow and I can't say that I really have a proper "audience" yet. And I'm quite averse to social media in general, so I also refuse to try to fit in any boxes or to make my message somehow more palatable to normies, or to try and game the algorithms or anything. But hey, I have faith, and I know for a fact that there are more than a few people out there who have gotten something out of my work or who enjoy reading or getting into conversations about these topics (such as yourself) and that's a big win already compared to just thinking and mulling over this stuff in isolation :)
npub1qf…8xnrh
2026-01-22 20:19:45 CET
in reply to nevent1q…tuvc
Author Public Key
npub1qfc7rwddjl3lzhkhgge8ch82xjfm6e3gqcgk8zm6pahz3tvvl7gq88xnrhSeen on
wss://relay.damus.ioPublished at
2026-01-22 20:19:45 CETEvent JSON
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"content": "Hey, I'm happy to hear these ideas got your thoughts flowing :) \n1. By using Bitcoin as a payments method, we can save 1-3% in card processing fees (+ no chargeback/fraud risk). At first I also had fiat payments available on nostr:npub1p6y243ek340jtqjr0qnqg2elkw3x5yn08kzhvxxxkejj486mlg9qtnwx3t, so the discount percentages were lower, but paying with Bitcoin had an extra 2% discount. However, it turned out most bigger fiat processors don't accept being used on a gift card resale site and as I was starting with the Bitcoin niche anyway, I figured it's best to start with Bitcoin only and higher discount straight away (also easier for customer to understand the value proposition).\n2. The idea is for this business to concentrate purchasing power (when buying the gift cards in bulk up front - however, as there's been no investor interest and minimal traction, I presume I will mostly have to go by consignment deals or just be a middleman between a gift card network and end client - which will probably result in lower discount rates for both my company and the end user). However, the second point still remains in a roundabout way - if the company is profitable and stores its profits in Bitcoin, which will in time gain purchasing value, then we will by default be ahead of companies operating on a full fiat standard, which means we can lower margins, which means better prices for the end user. So I mentioned how I was able to get gift cards for one of the big grocery stores in Australia... with fiat payments it was already at a 4% discount. Now what if we can add another 2% discount just by bypassing the fiat payment processors? It's not much, percentage wise, but it adds up, and from customer's point of view it's an additional 50% of savings just by using Bitcoin instead of the banks. I think that would catch some attention from the pre-coiner crowd. Or even bigger savings if you can use such services while travelling, so you can also bypass any FX fees or ATM withdrawal fees (I was in Cambodia when that whole idea started to formulate in my head and so sick of paying like $5 USD to the banks any time I wanted to withdraw cash). \n\nThe 3D-4D thought process you described is cool, and yes, it aligns with how I see it and am trying to manifest it :) \n\nThe noise/information problem is also very real, and obviously I haven't really solved it yet. Getting my ideas and work \"out there\" was one of the main reasons I started using social media in 2022, and so far the progress has been slow and I can't say that I really have a proper \"audience\" yet. And I'm quite averse to social media in general, so I also refuse to try to fit in any boxes or to make my message somehow more palatable to normies, or to try and game the algorithms or anything. But hey, I have faith, and I know for a fact that there are more than a few people out there who have gotten something out of my work or who enjoy reading or getting into conversations about these topics (such as yourself) and that's a big win already compared to just thinking and mulling over this stuff in isolation :) ",
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