Why enterprise: B2B customers pay $500-5000/month. Consumer would be $10-50/month. I need fewer customers to survive.
Why not crypto: Tried that. B2B accounting departments won't pay recurring subscriptions in Bitcoin. Too volatile, compliance issues. Consumer crypto payments might work but harder to scale.
The honest answer: I built what I knew how to build (enterprise infrastructure) without validating the market first. Classic founder mistake (see avandekleut's comment above - they're right).
Yes? Isn't it the purpose of crypto to avoid centralized restrictions? The person can still pay taxes by declaring it. Either way, when he turns crypto into fiat, he will have to explain its origin to his government and eventually pay taxes.
echend|3 months ago
Why enterprise: B2B customers pay $500-5000/month. Consumer would be $10-50/month. I need fewer customers to survive.
Why not crypto: Tried that. B2B accounting departments won't pay recurring subscriptions in Bitcoin. Too volatile, compliance issues. Consumer crypto payments might work but harder to scale.
The honest answer: I built what I knew how to build (enterprise infrastructure) without validating the market first. Classic founder mistake (see avandekleut's comment above - they're right).
malfist|3 months ago
tbrownaw|3 months ago
system2|3 months ago
8note|3 months ago
a major crypto usecase is terrorist financing/sanctions avoidance