The Case for Businesses to Accept Bitcoin as Payment

A few weeks ago, while on tour for the upcoming documentary, The BIT Movie crew stopped by 101 Deals Thrift Store to see how easy it is for small businesses to accept bitcoins as an option for payment and checked out the Bitcoin vending machine where folks can buy bitcoins locally. I also made the case why 101 Deals Thrift Store accepts bitcoins as payment and why other businesses should as well.

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First and foremost, accepting bitcoins as a form of payment is an improvement over merchant card services. Bitcoin is an instant cost savings to the business’s bottom line. Currently, 101 Deals Thrift Store accepts credit/debit cards through a merchant card service. The fee to accept the cards in person is 2.75% and over the phone is 3.5% plus 15¢ per transaction. This means that if a sale at the store is made for $10, only $9.73 is deposited to the business’s account. There are a few options to accept bitcoins for merchants, but one that is tailored to business and easy is Coinbase.com. When using Coinbase, there is no transaction fee for the merchant and the first $1,000,000 (!) of converting bitcoins to US dollars (IE “cashing out” is free). 

Consider a small business that processes $100,000 in credit/debit card sales a year. If 10% of the sales were instead in bitcoin ($10,000), the savings would be $270. Even if the business reached the $1 mil threshold and incurred the 1% fee, the savings is still $170 a year on every $10,000 of sales. If the business accepts cards over the phone instead, the savings are even more dramatic, $350 on $10,000, (not accounting for the 15¢ per transaction cost).

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Rebel Love Show Ep 25: Life on the Freedom Project with Derrick J

Podcast:

Recorded October 16th, 2014
Derrick J Freeman joins us in studio to give us an update on Rich Paul being freed, Ian Freeman’s trial, and James Cleaveland’s NH Supreme Court case about the city of Keene vs Robin Hood of Keene. Other topics discussed include the panels that are upcoming at Keenevention, recent activism, and what life is like as a full time activist working on the “Freedom Project” in the Shire.   The Rebel Love show is also available for download on Itunes and Stitcher.

There is blood on Maggie Hassan’s hands

maggie and claytonMaggie Hassan has blood on her hands. You might not see it at first, but it’s there. Look closely, you’ll see it.

On July 23, 2013, New Hampshire became the 19th state to legalize medicinal usage of cannabis. The original version of the therapeutic cannabis bill would have allowed qualifying patients to grow their own medicine if certain criteria were met. However, Maggie threatened to veto the legislation if this provision wasn’t removed, despite the fact that she voted FOR a similar provision in 2009. This is a freedom enjoyed by therapeutic cannabis patients in Vermont, Maine, Massachusetts, and a dozen other states. Now, over one year later, qualifying patients are still not able to legally obtain the medicine they need. The process is so arduous that it may be another 18 months before therapeutic cannabis patients in the Granite State will be able to legally obtain their medicine from one of four alternative treatment centers. (more…)

BEARCAT vote (Sept 4, 2014)

On September 4, the Keene, NH City Council heard a communication from Councilor Terry Clark. Clark, who had been vocally opposed to Keene’s acceptance of the Ballistic Engineered Armored Response Counter-Attack Truck, wrote a correspondence to the mayor and council asking “the City of Keene (to) withdraw from the Homeland Security Grant” and return the “BearCat, to the appropriate government agency.”
During the council meeting, Mayor Kendall Lane suggested that the council take the correspondence as informational. The vote to override this motion was only supported by Councilors Chadbourne, Clark and Hague.

Keene Primary Voter’s Guide

Tomorrow is voting day!  The polls are open 8a-7p. If you live in Keene and don’t know where to vote, check the info here.  Tuesday September 9th is primary day and there are some very important races happening in Keene,  If you are an “undeclared” voter, you can pull the party’s ballot of your choice and then “undeclare” again on the way out of the polls.  Here are the liberty-oriented candidates for which you can vote this year in Keene as well as some lesser-of-the-evils candidates:

Democrat Ballot:

Ward 1: State Rep Cheshire District 4 – James Cleaveland

All Wards: State Rep Cheshire District 16 – Conan Salada

County Commission: Terry Clark

Register of Probate: (write-in) Darryl W. Perry

Governor: Ian Freeman

Republican Ballot:

Ward 1: State Rep Cheshire District 4 – David Crawford

All Wards: State Rep Cheshire District 16 – Varrin Swearingen

State Senate: Write-in Ian Freeman

Governor: Andrew Hemingway

A missed opportunity

The Ballistic Engineered Armored Response Counter-Attack Truck has come up again as a topic of discussion in Keene. The City Council recently voted to table a proposal by Terry Clark to return the BEARCAT. The following letter has been published by the Keene Sentinel as a letter to the editor, and has also been submitted to the City Council as an official correspondence, and should be on the agenda for the next Council meeting (Sept 18).

In the wake of the protests in Ferguson, Mo., the federal government has begun reconsidering the programs that give away military equipment to local law-enforcement. Sen. Claire McCaskill said police responses like that in Ferguson have “become the problem instead of the solution.” (more…)