It is questionable regarding whether OP is still seriously considering this topic, and surely anyone considering whether to accept bitcoin (or other crypto currencies) as a means of payment would need to consider a variety of factors, and surely the easy way would just be to accept bitcoin as a payment method and then just to convert it to local fiat.. so that just creates an option for customers to pay in bitcoin.

A more serious way to consider bitcoin is whether any of us believes in bitcoin as an investment, so if we are accepting bitcoin in our business, that is merely as a way to supplement our already having had established an interest in bitcoin as an investment.

Once we consider bitcoin as an investment, then our determination to add bitcoin as a payment option would merely be as a means to provide support to the whole bitcoin space in order to promote the adoption of bitcoin, and surely such a decision may not necessarily pay off financially, and it also might be a lot of work to keep up with and to maintain (and to learn along the way).

The more that you learn about bitcoin, the better that you are likely able to figure out some balance in regards to how you might want to invest in bitcoin or to allocate your time, energies, psychology and money into bitcoin, and none of us are likely going to come to the same conclusions in regards to how we balance our allocations.

I am not even suggesting that anyone necessarily needs to plan to lose money and time because s/he is including bitcoin as one of the payment options; however, there may be times in which decisions need to be made in regards to how much any of us want to learn about bitcoin, and whether we might consider that there is any need to learn about shitcoins too... in terms of how we might choose to accept payments and then if some customers (or potential customers) might influence our decisions regarding whether to accept other forms of payment, to hold value in other ways or whether to convert into either bitcoin or into fiat (and in what proportions based on our own tolerances for volatility and/or considerations about whether any of our expenses might be paid in a form that is other than our native fiat).  There are ways to attempt to lessen the levels of volatility, but we might not be able to completely escape volatility either, and surely, there are timelines in which cash might flow into a business (or other ways that we receive cashflow), and there are timelines in which expenses need to be paid, can be deferred or are discretionary... business related expenses, other living related expenses or even consumption decision expenses.

Sometimes a person will get into bitcoin as an investment by dabbling with it, so there could be easy ways to get into bitcoin and to get involved in bitcoin that lead to further levels of investment and adoption, but the earlier stages might merely involve transacting in bitcoin and providing payment options or even to exercise such payment options if someone might be patronizing businesses that accept bitcoin.. do we want to spend our bitcoin or not?   I recently started keeping some value on BlueWallet, and we also know that Cash App had recently claimed to be able to accept either bitcoin payments or lightning network payments, and in the last couple of days, I sent two different payments of around 122k satoshis each (less than $30 each) from BlueWallet's lightning network to Cash App, and both of those payments have not been received by the recipients, and still show in my BlueWallet as "Payment in transition," so part of my point is that sometimes it can be frustrating as fuck to have to deal with some interface matters that had previously been considered as easy, and then all of a sudden some payments do not go through and then some concerns will develop - especially if those were to come up in the process of engaging in transactions that are meant to be part of a business.  In my situation, my transactions were with family/friends, so there is not an issue of trust (or loss of credibility), but sometimes in the business context there can be questions regarding whether the other side of the transaction is being honest in regards to having had received the payment or if there might be other concerns about the payment in terms of losing the amounts forever into the ether... in the event that the payments cannot be recovered.

I think those who accept Bitcoin as payment in their business are not to keep the BTC as an investment asset but directly exchange it for fiat and the decision to include BTC in one of their business payment systems is a form of opportunity to also get customers from people who like payments with BTC, so if you want to receive BTC in one of your business types, you will immediately exchange it for fiat as a form of protection from BTC volatility which can reduce your profits.

it will be very profitable, moreover, you will have a lot of support from the community for your merchandise, volatility issues must be considered because it may be a measure of loss or profit in your business, I thought so for a while. But maybe what can be a solution for this is that you have a benchmark price with a relatively stable value even though the payment uses bitcoin, just like you adjust it with the fiat currency in your country or the dollar to set the value of goods and even so the payment must be in bitcoin. To protect your money, you may, when someone buys, exchange it directly for stablecoins or direct fiat currency to continue the production of your merchandise.

I came across a case when companies signed a cooperation agreement, the currency of the agreement was the US dollar, and under this agreement the company was supposed to produce goods, but the difficulty was that the calculation had to be made upon completion of the order, and this took several months, since there was a large order for several hundred thousand items. And the production was in another country and the materials for production had to be bought for local currency (not US dollars). The result is that after completing the order, the customer paid for the order, but over these few months the national currency has strengthened significantly and the manufacturer has lost a significant part of the profit because of this.

Even so, there are very big risks when it comes to long lead times. In the case of paying in bitcoins, this can be even more significant, since its volatility is much higher. And in the case of this venture, they simply cannot afford such risks, since they cannot wait for the price of bitcoin to rise, they will need to exchange everything for fiat at once, since they need to pay taxes, pay wages to workers and pay utility bills, as well as to buy materials for the production of the following orders.

Perhaps if the company has large financial reserves and is looking for additional sources of investment, bitcoin can be accepted as a means of payment for this company, but in an economic crisis, there are probably not many companies that can afford it.

Volatility will be very beneficial in investment, we invest in bitcoin because of this special feature of bitcoin. But when it comes to using bitcoin as a means of payment, that volatility is really a demerit because if you can't convert to fiat immediately, then chances are your profits will drop if bitcoin price drops. That will affect revenue as well as make it difficult to manage finance to maintain business operations, as capital is used for business, it cannot be held for a long time but needs to be rotated accordingly.

I doubt that long lead times necessarily create insurmountable obstacles in regards to whether transactions can (should or would be preferable to) be made in bitcoin, even if the transaction amounts might be denominated in dollars and then ultimately the value sent in bitcoin.  

Of course, the value of the transaction should be agreed at the time that it is sent, and perhaps even the method of sending needs to be agreed to and an agreement regarding who pays the fees, yet none of these considerations should necessarily be considered as insurmountable obstacles, and there are likely ways in which both parties would be able to benefit by transacting in bitcoin.  

Of course, it is up to each party to calculate whether they prefer to transact in bitcoin or if they want to use dollars or some other transaction medium, and there should be a presumption that the parties are ONLY going to transact in bitcoin if each of them independently perceive that it is either in their benefit to transact in bitcoin or that the costs of transacting in bitcoin do not outweigh the benefits (or potential benefits if all of the benefits might not be known at the time of the transaction).  


I don't understand why volatility by itself would be any kind of major deal breaker because there are a variety of ways to deal with volatility, including figuring out how long to hold onto bitcoin before or after transacting with it, and so depending on the method in which bitcoin is held and the various transaction fees that might be involved, then volatility could become a concern in terms of creating more costs in the event that there are additional needs to convert back and forth depending upon how value is kept.

Don't get me wrong.  For sure, if you are fairly new to bitcoin, it can take many years to figure out various systems in which you are able to feel comfortable in managing any bitcoin transactions that you make, and surely the larger the size of the bitcoin transaction (relative to your wealth or your investment portfolio or your floating cash), the greater concerns that you will have to manage volatility. I have been there myself several times, and maybe there are ways to consider bitcoin related transactions as part of a game in which you are figuring out a kind of good balance on a personal level, but still from my perspective, the mere fact that any of us likely need to deal with  various aspects of bitcoin's volatility should not rule out getting involved in bitcoin and figuring out ways to attempt to advantage ourselves from the volatility rather than considering volatility as an obstacle that is too great to penetrate.

From my perspective, we are a very long way before reaching a time in which we should be completely keeping our value in bitcoin, and surely there are some bitcoin HODLers who actually choose to enter into relatively high levels of bitcoin holdings and even holding all of their value in bitcoin, which I believe is less than practical for the overwhelming majority of normies.. so the folks who choose to completely (or near completely) hold their value in bitcoin are very much aberrations.. perhaps close to unicorn status?

For the vast majority of folks, income, cashflow and expenses are likely mostly denominated in fiat.. so if we want to try to create a decent amount of stability in our own lives in terms of finances and psychology, we need to keep a certain amount of value within the unit that we are expecting to be paying expenses on a regular basis, and surely 3 months would be a minimum that we should be projecting out our cashflow, but preferably we should have good ideas for our cashflow 6-24 months into the future with greater degrees of certainty on shorter periods, and it can take a decently long time to get systems in place in order to be able to project out cashflows, and surely the less complicated our cashflows, the less need to project out or even to keep a cushion (including various emergency funds).

Each of us has a right to NOT project out our cashflow and to just wing our finances by living paycheck to paycheck, but I would suspect that a lot of people are going to be better off when they make sure that they have decent understandings regarding how they are earning and spending their cashflows... and surely some folks need help when they are managing their cashflows too... but even people who are not very sophisticated are likely going to be in better positions if they know their cashflows including making sure while they are investing and building stages, that they are spending less than they are earning, but surely some people know that they are spending more than they are earning, and in those cases, they might be spending their value on investments or they may be spending their value on consumption or they may have a variety of spending habits which they may or may not have assessed whether they are spending in ways that are likely to increase their wealth or that they are sufficiently and adequately managing risks.

The approach you explained was only done by cryptocurrency users who only see Bitcoin as a means of expanding and making more money with their business because they are only into it for the greedy not for the beauty of the technology.
Despite the harm, their move may cause the market will still need them and we can't all have the same understanding of the Bitcoin market. However, i like the OP business concept.

Most likely, these points can be taken into account by the parties, for example, payment can be made in bitcoin but at the rate on the day of payment, so that the parties receive exactly the amount that was prescribed in the contract. When the company works with payment in bitcoin, then over time all these points can be worked out, experience will appear and it will be possible to take into account a number of points that may affect one of the parties.

Payment in bitcoins will only be used if it is beneficial to both parties, if everyone can appreciate the benefits of it. This can be beneficial due to low fees, but may incur significant costs to convert it to fiat. All these points must be taken into account in order to evaluate the benefit.

Your numbers are quite unusual, and also your way of specifying your numbers is kind of vague and even potentially misleading/confusing.

I would suggest that the vast majority of folks are not in a situation in which they can save/invest 50% of their income, so if you have that much ability to save/invest you are in a very strong financial position.  Now if you are in some kind of a sheltered situation in which many of your lodging and food expenses are covered, then maybe that could be a temporary situation - or surely it is possible to find some kinds of living arrangements that are not toiling in terms of the amounts if the cost of the location is being shared.  For many years, I used to sublet out portions of my living space, which caused my own living expenses to be way lower than other similarly-situated people of my then income level.

There are a lot of ways to classify out the ways that you use your cashflow, and I would surmise that the category of having a savings is merely a way of having a float in which that money could be used towards investing or used towards expenses depending on how much of a float that you want to maintain, and many people do have trouble even allocating more than 10% of their income towards investing.. even though it is healthy to have 10% to 20% (or more if possible) that can be invested on a regular basis.. perhaps keeping track monthly cashflow/expenses and then at least projecting out 3-6 months or maybe even projecting out up to 24 months is good.. with most of the focus being on making sure that the 3-6 months is pretty well understood and so the further out periods can be more vague and ballpark ideas, but still there should be abilities to identify if there might be some cashflow crunches that might happen 1 year or 2 years out based on information already largely known.


I question why you are so inclined to include periods of uncertainty, as if the deal needs to be renegotiated at various points in time, when it does not.  The parties likely have already agreed from the point in which the sale was made about the various terms to such a level that they don't need to agree to hardly shit.. the job is finished and delivered and no more negotiation is needed or even preferred - absent one of the parties not delivering on one end or the other... but that has nothing to do with using bitcoin as a transaction mechanism, but instead disputes that can arise in any business arrangement regarding quality of product/services... no additional dispute needs to be present merely because of volatility if they terms of payment had already been agree to..

Maybe we can discuss this in terms of some kind of a hypothetical.  Let's say that one of the parties makes customized beds, so the two parties agreed that there would be a purchase of 10 beds, that need to be delivered one month after the agreement, and the buyer agreed to buy the beds for $1k each, and he will sell them for $2k each.  The seller/builder of the beds requires 50% down that is paid upon the date of the sale (signing of a sales contract), and then the remainder of payment upon delivery (or there could be other payment terms, but let's make this simple).  The buyer pays $5k down payment using bitcoin at the time of the sale, and no problem right? They agree to how the payment is going to be made, and who is going to cover the fees. 

And then one month later, the 10 beds are delivered, and the buyer needs to pay for the beds right, and they already agreed that he was going to be paid in bitcoin.  They could have agreed to a bitcoin value, but more likely they would have agreed to a dollar value that is then converted to bitcoin so that the buyer will know how much to pay at the time of the delivery which is exactly equal to $5k plus whatever other ways that they had already agreed to any fees or who would pay the fees or whatever.  Where's the complications?  Sure the BTC price might have changed, but so what, the contract is denominated in dollars and the method of payment is agreed to be bitcoin... They figure out the amount to send right then, and they might have already specified that they use the fees that are depicted in the app or wallet that they use or maybe they agree to use the Bitstamp exchange rate for the time of payment. 

Now if the BTC price is moving around a lot at exactly the time of payment, they could agree to wait and to pay 24 hours later, or they could agree to take an average of the price over the past 12 hours or 24 hours.. and those parameters could be worked out in advance, or maybe if the beds are already delivered then the seller does not want to be fucking around with payments because he already did his part and he delivered the beds.


Each person assesses on their own, so if the buyer does not want to use bitcoin to pay, and if the seller ONLY takes bitcoin, then they are not going to reach an agreement.  The same is true if the seller chooses not to take bitcoin, but if all of his competitors are taking bitcoin, but he is not, then if the buyer says that they want to buy in bitcoin, then the seller would need to convince the buyer to change his/her mind or perhaps to show something about his product/service that causes the buyer to want to change his/her preferred method of payment... Sometimes people have options to change their method of payment and sometimes they don't.  Sometimes people have options to change their method of payment, but they choose not to change their method of payment for a variety of reasons, including just maybe that they might find it difficult to set up and to get used to - including that even within the decision to start to accept bitcoin as a means of payment, the ways that it is set up or the processes might get easier.. but at the same time, there can be some reluctance to learn how to set it up or to make changes each time, and even if the system is set up, there can be some questions about whether it is secured and backed up, so even if it is working, there can be worries about holding a lot of value on a hot wallet or even needing to monitor that the price is going up or down, so it can take time to put systems in place in order to feel that there are not needs to monitor the price changes on an hourly basis.. and maybe just once a week or so... or once a quarter.