The Utility of bitcoin I speak to many business owners about how bitcoin could be useful in their businesses. A common response is ‘but, what’s the utility value of bitcoin? What makes it valuable? I can’t see it or touch it.’ I enjoy this question because it means the person asking is trying to think […]
The South African retail sector has a small but tenacious newcomer to the world of payment solution options. Amidst economic instability, currency devaluation, and a growing unbanked population, Bitcoin is emerging as a lifeline for businesses and communities. From grassroots initiatives like Bitcoin Ekasi to national chains like Pick ‘n Pay embracing bitcoin, the nation […]
As business owners we understand that selling price can be determined in one of two ways. The first method is calculating input costs plus required markup. This is the most basic method. The second, and preferred method, of calculating selling price is to charge as much as you can get away with. This links directly […]
While there is a lot of information circulating on how businesses can add bitcoin to their corporate treasury, or to integrate Bitcoin payments into their business operations, it’s worth having a conversation on WHY this is even a good idea in the first place. So, what is the why? Bitcoin is money. In fact, Bitcoin […]
As a business owner, how often do you think about technology that was supposed to be the next big thing but failed? Most of us may reminisce over this while having a beer afterhours but I’m sure its not keeping any of you awake at night. What about the new and emerging technologies that are […]
One of the best loyalty reward programs I ever used was Discovery Vitality’s program - the one where you got a free cappuccino each week. There have been so many loyalty reward programs by different companies over the years, but Discovery’s was the best. What made it the best? It was simple. You didn't have […]
A paradox is a statement that is self-contradictory or logically untenable, though based on a valid deduction from acceptable premises. The world of money can be confusing, and two recent discussions got me thinking about how little people understand how money works. But before that, let’s warm up with a mental exercise: You know Zeno's […]
The New Testament Bible talks about building your house on a foundation of rock and warns of the dangers of building your house on the sand which is a poor foundation. Your home is the place where you have chosen to stake your claim in this life. It's the place where you are going to […]
What is a Bitcoin Strategic Reserve? I'm so glad you asked. This is just a fancy way of saying you have some savings in Bitcoin. In the case of an individual person this would be the same as a savings account, except in bitcoin. In the case of a company this sort of savings would […]
As we embark on a new year in 2025, it is worth taking a moment to reflect on a development in 2024. Corporations, both public and private, have been acquiring bitcoin since 2018. Interestingly, it was the public companies that initially led the charge (over 3400 public companies vs 12 private companies by the end […]