Bitcoin Forum

Hello everyone,
I think a way to make BTC more popular is if someone makes the first step and open a store or restaurant or bar or something where only BTC will be accepted. The place must be in some famous crowded with people place and to not accept any other currency. A BTC ATM can be mounted at the entrance so everybody could exchange their money into BTC to buy something in this store. This way lot of people will understand the way BTC works ( person must be hired near the ATM and his only responsibility will be explaining the nature of BTC). The begining is going to be hard, but sure with the time people will get used to it. Locals will start using it. The idea that any other currency is not accepted will attract people for sure.
Please share comments :)
BR
Gondel

https://i.imgur.com/u7jiRMg.jpg

It's best to be a service-based business, so not to be too dependent on fiat to purchase raw materials. Prices may need to be changed every month due to the volatility of bitcoin prices, or price of services offered is low enough to make fluctuations less relevant. It's difficult to find a workable business model, if it is easy, people would have done it already.

You need a lot of cash to do that, as no bank is going to help you with such a business model.

Of course you need lot of cash, but also if you do not say to the banks that you will only accept BTC they can release you money. Banks are providing funds if you provide collateral so this wont be problem at all. Every business needs arge amount of investment to start and every start is difficult!
BR

I think it takes a lot more socializing either to the bank or the government because bitcoin is not a common currency so many fears but will revert to what you said before there must be stores that support bitcoin,

In addition You could set up a Clear plexiglass display with a miner a rasppi and a monitor in a business, Make up a huge Green calculator and put realtime usd income by mining, :P

thatd be a way for people to go hey DAFAQ is THAT. MAKING MONEY GET DOWN GET DOWN!  ;D

Well rather have meetings in bars and show some online youtube videos, to introduce people to BTC

Then hand out some pre-loaded paper wallets, with enough BTC to pay for their first 2 beers.

Train the staff, on how BTC payments work or better link the bar for the owner to Bitpay and ask him to sponsor the first 2 beers.  

Then let them pay for their beers, to see how easy it is.

If you going to do that, and you can provide proof, I guess their will be enough people, who would sponsor some BTC for that to happen.

Put what you did on youtube, and tell other to do the same.

Do it with 2 or 3 bars in your area, and you will see how it will grow.

Just print something for the bar owner, saying ..."We accept BTC"  ;D

Be aware that (at least in some jurisdictions) it is illegal not to accept local (government issued) fiat currecy in trades.

it's even illegal in fact.

If you offer a service and demand payment for that service you are forced by law to accept government issued currency. At least in most countries. (maybe not for all countries).

I can recall a case where some insurance company refused to accept banknotes (they wanted only bank transfers) and they lost the case. They were forced to accept bank notes.

You can bypass this law by having 1 cash register and plenty of bitcoin registers. If people absolutely want to pay with cash give them the worst cash-out experience possible.

Ok, then do this, where BTC are accepted as a payment system. {To increase adoption rate}

Only country I know, would be Argentina? China might be too I guess, but they in and out.

What other countries are there, where it is banned?

In any case, I am not saying, you force people to only accept BTC - I say, give them a alternative payment method. The owner of the bar, will in any event, still convert that BTC back to fiat, via Bitpay. So where is he breaking the law?

Maybe the problem there lies on the client having to exchange fiat for crypto in order to make the payment. It would be a different situation if the merchant accepts both fiat and btc, and it's up to the client to decide which currency will be used: then it sounds ok

It opens up a new income stream for the "owner"

If you tell him, how many BTC is in circulation, and he can get a piece of that pie, by adopting this currency, he might consider it. The early adopters will get new customers and more feet into his business.

And this is just an experiment, to show people how the currency works. {Introduction to BTC}  ;)

As raganius mentioned, it would be good for the merchant to accept both bitcoin and fiat.  I think accepting fiat and having a bitcoin tip jar next to the register would work well (http://youtu.be/UrXVVkV5UUk).  I don't have a lot of coins in my pocket and I don't want to tip someone $1 for a cup of coffee, so I don't leave a tip.  If I can just pull out my phone and leave a tip, that would be great.  They could even print the QR code on the receipt.  I'll leave a tip if I'm settled down or after a big meal. I'm not breaking any laws or purchasing any goods, just leaving a tip.

And (at least here where I live - countrywise) it's amazing to notice that the huge majority of the people (including here merchants) are not at all acquainted to Bitcoin: some have never even heard about it, and of those who have already heard about it most have incredible fears and misconceptions.... It must be changed somehow...


Great idea, indeed!

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Cheers

V. Leroy Brown

But isn't what he is suggesting basically the same as what happens in a casino, for example? They do accept fiat, but force you to convert it to their "currency" before you can use their services/games. So, provided they have the btc ATM at the door (that is, provide a way for people to convert government issued currency), how would it be any different?

PS: the "dollars not accepted here" sign should have the $ and/or dollars crossed out or something. :P

HI,
Thank you for the suggestions :)
All i mean is that is good to have one place where it is clearly stated that no other money is accpeted here! If you want to use the service inside you have to convert your cash into BTC . People will not get scared, because you will not be some street vendor or a hobo. I am talking about something huge like a bar for example, where you will pay after using the service.

I was actually thinking that to, but wasn't positive.
In the UK stamps are even legal tendar aren't they ?


anyways once the price has stablisrd for a long long time I think the averag person would be happy to use bitcoin to actually buy stuff.. and not worry their $4 coffee today could be worth $4000 tomorrow.

Or just have some celeb twitter about BTC, that should do the trick.

Don't you legally have to accept cash?

I can't imagine many places where they would let you get away with this.

Maybe there is some tricky legal way to get around it, like forcing people to buy btc coins before buying something but I'm not so sure.

I agree with you. Only in this way can help people better understand how Bitcoin work. :)

Give  them discounts for using bitcoins would be my suggestion.

Best suggestion!

i would be very much interested in a list of vendors giving discounts for using BTC :)

Which jurisdictions? Is this US included in this jurisdiction? I've seen a few soap shops that only accept BTC.

Discounts for bitcoin payers is the best. This wya they get to be interested what its about. You can also provide a service where they could purchase bitcoins.

Well I am not from the US, but it seems so.

I believe there was a news report on this, where employers were paying in bitcoins and one of the courts ruled that salaries will have to be paid in FIAT only. I do not know the country name and google ain't helping tonight. But it was definitely not US.

As far as trades are concerned, there are some loopholes because of which these BTC exchanges exist.

I believe we should make a list of shops and cities where bitcoins are accepted, will be lengthy and tiresome, but will definitely help spread the word, and if the BTC only stores get visited more often, might as well help persuade their neighbors to join in.

I don't know of any government or commercial lessor who would allow a bitcoin-only store to exist.

I'll stop accepting cash for my hoard (and only accept BTC) if people actually buy it.

I'm pretty sure its possible to have the lastest btc price on a small lcd screen or on a Minitor facing the people coming in. usd to btc pricing also isn't that hard. I'm wondering if anyone will make a crypto calculator that connects via wifi and tells the latest btc prices.

Edit:
And calculator would one like you hold in your back pack or pocket.

I agree with you.it's a better way to spread Bitcoin.

Only thing is, what is in it for the merchants to do this? They accepted BTC as a payment method, because it's cheaper than the other options, like debit cards and credit cards. Now all of this profit from the lower transaction cost is absorbed, in giving discounts for people who use this as their preferred payment method.

Only option in my opinion, is to give discount in the first few months, until enough people were exposed to this and adoption of BTC increased. 

If DELL did this, they would have seen explosive sales figures.  ;D

This is an excellent idea.