Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: moonshot797 on July 25, 2019, 11:56:30 PM



Title: Bitcoin, Lightning -> Bitcoin for the legal cannabis industry in the US?
Post by: moonshot797 on July 25, 2019, 11:56:30 PM
Recently noticed this huge problem at dispensaries across California, being unable to pay conveniently at these stores.

Given that lightning enables fast, cheap micro-transactions, would you as a bitcoin holder be willing to spend your bitcoin to purchase cannabis at a dispensary, assuming that there's a super simple, intuitive way of tapping and paying with lightning as easy as your debit card?

Interested in knowing the different possible ways that bitcoin can actually be used for real life situations apart from HODL-ing.

Let's assume that for every bit of bitcoin that you spend at a shop, your wallet is refilled with an equivalent amount of BTC, so you can continue to HODL, but at the same time make pseudonymous micro transactions.


Title: Re: Bitcoin, Lightning -> Bitcoin for the legal cannabis industry in the US?
Post by: figmentofmyass on July 26, 2019, 01:18:16 AM
Recently noticed this huge problem at dispensaries across California, being unable to pay conveniently at these stores.

Given that lightning enables fast, cheap micro-transactions, would you as a bitcoin holder be willing to spend your bitcoin to purchase cannabis at a dispensary, assuming that there's a super simple, intuitive way of tapping and paying with lightning as easy as your debit card?

every dispensary i've seen accepts cash and credit/debit cards just like most businesses. how would lightning be any more convenient? if anything (at least with the current tools available) it'll be a hassle.

Let's assume that for every bit of bitcoin that you spend at a shop, your wallet is refilled with an equivalent amount of BTC, so you can continue to HODL, but at the same time make pseudonymous micro transactions.

if they were truly pseudonymous transactions, it would be more interesting. at the weed clubs, your ID is in their database and every purchase you make is linked to your ID. i'm more interested in brick-and-mortar situations where i don't need to fork over my ID and fill out a membership form.