Bitcoin makes long-term customer relationships more credible
| Most customer relationships are short-term oriented in the fiat economy. A company may promise support, stability, and continuity, but as it constantly needs new cash flow to survive, that pressure eventually reaches the customer. You see it in worse terms, hidden fees, aggressive upsells, price hikes, and products that decline after people are locked in. This is one under-discussed reason Bitcoin matters for business. If a company can preserve part of its value in harder money, it may be less pressured to extract from customers in the short term. That does not make every Bitcoin company trustworthy, but it can make long-term promises more credible when the business is otherwise sound. A lifetime membership, for example, is a bet on whether the provider can keep showing up. Does a bitcoin reserve make you more confident in a long-term agreement with the company? [link] [comments] |