So I’ve reached a point where I can live out of “passive” income from of lending out my bitcoin. I’m getting ready to leave my 9 to 5 but I absolutely don’t want to spend my time gardening or at the bar. I therefore see this business as a way to keep myself busy and maybe accumulate some more bitcoin on the journey.

Thanks all for the great input. I've added a few improvements here and there. I've reworked the look and feel. You can now see the value of the 10k bitcoin in other typical bitcoiner meme-goods like lambos, etc.

I also added some "hidden" logic that will display a happy anniversary banner and some confetti every 22nd of May, so I don't have to update it every year.

I'll work in adding alternative price source so it doesn't get blocked to some people.

Cheers

For some time now I'm thinking of opening a business where I accept only bitcoin. I live in a touristy coastal town with plenty of high net worth visitors and residents. My idea is to open a brick and mortar shop where people can buy (and sell?) luxury goods (i.e. high-end watches, jewellery, younameit) against bitcoin. I'd only accept bitcoin and items would be priced in bitcoin only. Also not planning to sell any of the bitcoin, only the bare minimum to pay running costs. I'm willing to take the market risk since I plan to hold it forever.

So far I see a few problems to the approach:

1. Is it even legal? I'm not sure you can deny a customer paying a currency that is the legal tender of the country. So I guess not even in El Salvador one can accept *only* Bitcoin. The workaround of course is accepting cash and performing an at market spot swap at the time of buying.

2. Setup the company: Capital for setting up the legal entity has to be on legal tender, so at least I need the money to setup the Ltd.

3. Accounting: Legally accounting has to be on the official currency, so all buys/sell would have to be recorded in the legal currency and I guess in parallel in BTC to properly track the inventory, etc.

4. Taxation: Taxes have to be pay in official currency. Not only gains on sales will have to be paid as corporate tax but also gains whenever some BTC is sold for OPEX purposes. I understand held BTC won't pay any taxes but if eventually sold, I'll need the buy price of every sat to pay capital gains on that.

5. AML/KYC: I'm going to be forced to perform AML/KYC check on clients. I don't see a workaround it. Also I'm not sure how to perform this in a timely manner during a regular shop transaction. I'm hoping this can be done "asynchronously"

I'm happy to read your input wrt the idea and issues, all the bashing is welcome.

Cheers

Thanks a lot! I'm glad you like it.

I definitely thought about the pizza price problem. I think the country should not be a dimension here, in the end we are talking about THE pizzas that @laszlo received, that is, US prices, and Papa John's pizzas (don't remember exactly which ones but it's documented somewhere in the thread).

Since there's no public API providing historical pizza prices (that I'm aware of) I see two approaches:

1. Look for actual price of these exact two pizzas across the years, can be a little tricky to source that information, if someone has it I'm happy to take it.
2. Thake the exact USD amount that Jeremy Sturdivant paid for the pizzas and adjust that to inflation across the years. That's also not 100% accurate because assumes pizzas track 100% the Retail Price Index, which might not be the case.

Cheers

Looks pretty nice! If I may suggest I’d add cookie authentication support since user/pass is deprecated.

Cheers

I’m happy share this humble page I’ve made as a tribute to forum legend @laszlo
There’s nothing remarkable about it, maybe most interesting topic is I don’t know any web development and have “written” it with Cline AI coding assistant by just prompting it, which has impressed me very much.

https://bitcoinpizzaindex.com/

Let me know if there’s anything you think is missing, I’ll try to prompt my way to it 

I'll take 22 - citricut

Thanks man!

Hi

If your friend wants to buy more BTC in CH KYC-free I know someone who can help DM me

Cheers

bitcoin cannot go to zero because I would buy all 21 million for usd 1 so zero never happening, we are good 

I've been giving my marrying friends their wedding gifts in BTC in the form of paper wallet. They unanimously agree it's the best wedding present anyone has made them.

Hi, does it work with command-line only interface? I have a CentOS7 server that I would like to use for this.

Thanks!

1D7Nj5ve6Ez9KLFjjpjXBEqyqtBAXMsAzg

I've got it working with the mysterious "low voltage" firmware from June 22nd. I had to lower the frequency to 593 and reboot quite a few times but now I got it running at 12.6 TH stable, with the slow board around 4000Gh, I guess this is as good as it gets.
I'm wondering if using an alternative PSU to my bitmain one would improve, I will try to borrow one to test.

Hi I have received two units of S9 and both have one board hashing around 2.7

They are batch 2, is it a normal? Any tips?

Thanks!

http://i.imgur.com/2mRZROr.png

Mine too 

Can't wait to plug them to kano.is

Bitmain it is the 20th, have you sent us our B2 miners yet or are you selling them for 200$ more on a B4 flash-sale?
Lucky I paid worthless fiat and not precious BTC

24 minutes without a block in the network. Isn't it a lot?

That's alright for me. I am expecting the halving in 28 days not today

+1

I also got it, not sure why. I'll read back the thread in case it was expected.

Now that we are back at 30PH, could there be a relation between end of rentals and blocks coming through again? Like there is between the disappearance of the pirates and the global warming...