Bitcoin Forum

https://i.imgur.com/2Zg28LO.jpg

New friends visiting my coffee roasting station in Bali yesterday.

THEM: "I want to buy some of your coffee."

ME: "I only sell it for Bitcoin."

THEM: "What's that?" [Insert Brief Explanation Here]... "Show me how to get some and use it..."

15 minutes later: Newbie now has wallet, his first BTC and his first product purchased with Bitcoin.

REPEAT

Nice one! Do you also ship your coffee?

Yes, The Roast Station Project sells and ships coffee for Bitcoin only - so my main market are coffee fanatics who are already familiar with and using Bitcoin.

It was awesome to make a new bitcoin convert (and customer) "in person" too though!

- James

I'll take a look at your site :)

Thanks! Any feedback, questions, comments on the project are welcome and appreciated!

- James

Nice!  Did you also sell him the btc?   ;)  Or how did he buy the btc within 15 minutes?

Yes, once he got his wallet set up, I made an in-person sale of my BTC for his fiat. Then he was immediately able to use his newly accquired BTC to purchase our Kintamani Arabica (and have some left over to explore with.)

Sure, I could have just  had him pay in the local currency for the coffee - but we wouldn't have gained a new one! Would have defeated the whole purpose of offering it only in bitcoin LOL.

- James

That's a cool story! It's good that we have new members.

Thank the post on r/bitcoin announcing this place is back in action. Bet that's helping!

I actually didn't see the post on r/bitcoin, I just guessed the site would be back up. ::)

JavaNomad, bitcoin will overtake the local currency by 2020!  ::)

ok since your a retailer that sells a commodity for bitcoin i'm curious.....how does selling goods for bitcoin (or how will it affect you) if the price per bitcoin plummets to around $1 per bitcoin?

is the price of your commodity pegged to the local fiat currency first and the cost in bitcoin adjusted to match its equivalent price in the fiat currency? or do you have a set bitcoin price for example (a pound of coffee) cost .01 bitcoin per/lb? no matter what the current price per bitcoin is?

I wish it was this easy every time

I hold and use some in bitcoins - because I'm in this for this adoption of BTC. So yes, I certainly take a risk if the value of BTC falls dramatically in a short time.

At the same time, I still need to pay for things like the raw beans, the packaging and the shipping in local fiat - so some of the BTC must be "traded out" to fiat to cover these.

With this in mind, I base my BTC price to reflect the current price in local fiat. (Until the day comes I can do ALL the transactions I need for this project in BTC!)

For those uncomfortable with bitcoin as a store of value, there is always the opportunity to immediately cash out of any bitcoins received (ie. Alice sends 100 bitcoins to Bob; Bob wants to hold US dollars, not bitcoins, so, using one of many exchange platforms, he immediately exchanges his bitcoins for US dollars).

One day you might use the profit from that sale to buy a coffee plantation.  :D

this is just awesome now if only you could go to walmart and spend your bitcoins !