The Dilemma, To fiat or not to fiat?

The Dilemma, To fiat or not to fiat?

To Fiat or Not to Fiat? Satoshoes' Honest Payment Dilemma

A Bitcoin-only brand that accepts pounds and dollars. Is that a contradiction or just good sense?

Let's be real with you. We're Satoshoes. We name our hoodies after Satoshi Nakamoto, we print Bitcoin orange on everything we make, and our entire brand exists to celebrate a financial revolution.  We genuinely believe Bitcoin changes everything.

And yet... if you want to pay us in British pounds,US dollars and so on, we'll take them. Visa? Fine. Mastercard? Sure. Apple Pay? Go on then.

So what's going on? Are we hypocrites? Or is this actually the most Bitcoin thing we could do?

We've been wrestling with this one for a while, and we figured why not just talk about it openly. That feels more on-brand than pretending the tension doesn't exist.

The Case For Going Bitcoin-Only

There's a compelling argument that if you truly believe in Bitcoin, and we do, then accepting fiat is a bit like a vegan restaurant that also does a bacon sandwich "just in case." The whole point is the message, right?

Bitcoin isn't just a payment method to us. It's a philosophy and a revolution. It's about sovereignty, about opting out of the corrupt inflationary system that quietly erodes your wealth, about peer-to-peer value transfer without gatekeepers. When we put "Be the change you want to see" or "Wear the message" on our products, we mean it.

Some of the businesses we most respect in the Bitcoin space have gone full Bitcoin-only. No Stripe. No PayPal, no Visa or Mastercard. No legacy rails. And there's something genuinely powerful about that commitment. It's proof of work in action, putting skin in the game, walking the walk, the shepherd leading his flock.

Going Bitcoin only would also do something important. It would make every purchase an act of conviction. When someone buys a Nakamoto Revolution Hoodie with sats, that transaction means something. They had to get some bitcoin to do it. Maybe that's part of the orange pill process and maybe it helps the learning process for new Bitcoiners.

The Case For Keeping Fiat Options

Here's where it gets interesting, and this is actually a deeply Bitcoin argument too.

Bitcoin is about freedom.  Right?

Not just financial freedom. Freedom of choice. The right to transact however you choose, with whoever you choose, on your own terms. Satoshi didn't build Bitcoin to create a new set of rules people have to follow. They built it to give people options they didn't have before.  A way to choose to opt out.  But then, is choosing to use fiat ever on "your own terms"?

If someone wants to wear the Bitcoin message but isn't quite ready to transact in bitcoin yet, maybe they're still learning, maybe they're still stacking, maybe they got their first paycheck and it comes in fiat.  Who are we to say "no, you can't be part of this unless you've already made the full leap"?  That sounds a lot like permission denied in fiat world

Bitcoin has always been a big tent. It starts with curiosity. Maybe someone buys a Bitcoin sneaker with their Visa card, wears it, gets asked about it, explains it, and plants a seed. That's orange pilling in action. That matters.  That's powerful

There's also a practical reality here. The lightning network is genuinely better than it's ever been, and Bitcoin payments are getting easier. But we'd be lying if we said it was completely frictionless for everyone yet. Some of our customers are brand new to Bitcoin. Demanding they transact on-chain or via Lightning before they can buy a Classic Bitcoin B beanie might just mean they don't buy the beanie and they don't get the conversation starter either.  That's an orange pilling opportunity missed

So Where Do We Land?

Honestly? We don't think this is a binary choice, and we don't think you should feel judged either way.

Here's our current thinking:

We celebrate and encourage Bitcoin payments. Every order paid in sats feels like a win. If you want to stack sats and spend sats with us, that makes us genuinely happy and we think you should.  It's the revolution in action.  Your money, your control, no permission required

We keep fiat as a bridge, not a destination. For now, removing it feels like it would close the door on people who are on their way to Bitcoin and that doesn't quite sit right with us. Bitcoin wins by inclusion, not exclusion.

But we're also honest that this could change and more than likely will. As Bitcoin adoption grows, as Lightning becomes second nature, there may come a point where going Bitcoin-only is the natural next step. And when that day comes, we'll shout about it loud.

What Do You Think?

Satoshoes is your community as much as ours, we built it to give you the option. It's your shop where you can buy something to share your Bitcoin message.  You can even completely design your Bitcoin gear yourself and we'll make it.

Should Satoshoes go Bitcoin-only? Would you respect us more for it, or would you rather we keep the on-ramp open?  What are your thoughts on this dilemma?  Do other Bitcoin themed businesses wrestle with this too?

Tell us on X @satoshoes or drop us a message. We read everything.  No Ai bot replies here 

We are all Satoshi. 🟠

Pay in Bitcoin at satoshoes.co.uk — or don't. But do come say hello.

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2 comments

As always BringFacts, you make perfect sense. We completely agree, fiat will be consumed by Bitcoin and Bitcoin will be the go to option for payments. It is inevitable and we should welcome fiat folks with open arms and show them the way

Satoshoes

Take it all IMO. Take the sats and you know it’s from a bitcoiner. Take the fiat, and you can convert it into sats or pay bills. We still live in a fiat world for now. It would be stupid to cut yourself completely out of it. It would be wise to operate like a filter. Keep the bare minimum that you need to operate in Fiat and store the rest in bitcoin. Eventually the fiat option will remove itself.

BringFacts

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