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cover of episode #1443 BlueCotton | Bitcoin Makes This Small Business Rich!

#1443 BlueCotton | Bitcoin Makes This Small Business Rich!

2024/11/25
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The Pomp Podcast

Chapters

Mike and Julie discuss how they began considering Bitcoin as a tool to revolutionize their relationship with employees, starting with a cash bonus that was quickly forgotten and leading to the idea of giving Bitcoin to employees.
  • BlueCotton gave out a cash bonus that employees quickly forgot.
  • The idea to give Bitcoin to employees was born out of a desire to do something they would never forget.
  • Employees were offered Bitcoin for free with no personal financial risk, conditioned on staying for five years.

Shownotes Transcript

Mike Coffey and Julie Denton-Price are the owners of BlueCotton, a small retail-grade screen printing business in Bowling Green, Kentucky. They previously plugged their business into the bitcoin network in a very unique way, and it is changing the lives of 130 employees. In this conversation we discuss, why they did it, how the employees earn bitcoin, and what the impact has been. 

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Pomp writes a daily letter to over 265,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

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