1 Bit = 1 Buck

 

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So, a little bitcoin adoption game I've got going on between friends and family is to have them get the Muun wallet (cheap, easy, user friendly, no tech needed) and them send them either $1 USD worth of BTC, or just 5,000 Sats, and then, when in a situation where it would typically be a favor, I ask to be paid in Sats at the rate of 100 Sats / 1 Bit per approximate dollar value. This is for something I would otherwise be doing for free (a ride to the store, etc) so the arbitrage loss doesn't exist, but it get's them familiar with using Bitcoin transactionally.
Can do the same with little bets at work too!

Son says "dad, Can you give me a ride home?." I send LN invoice for 1000 Sats (about a $10 Lyft ride, for Sat price of $.20). If he doesn't pay, he doesn't get the ride.

So far, so good!

submitted by /u/STP_VEGAS
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247 Bitcoin

Bitcoin & Crypto & NFT News

247 Bitcoin -1 Bitcoins -247 BTC - 1 Crypto - Kryptous

1 News - 247 News - 1 Search - 1 eBooks

 

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