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The biggest impact is the small fee when transfering large sums of Bitcoins(money).
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Nothing yet, i hope the price raises and helps my life  |
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Mostly people who think it will rise in value. And some merchants.
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It would be good enough to keep them in your desktop Wallet.
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Very nice, if that is true, then this is awsome news.
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Basically there is no easy way. Either you will get like 10% in a year (if not scammed on BTCjam) or you MIGHT get while trading (buying low, selling high) but it is highly unstable in my opinion.
Purchase them with your dollars, that is my advice for investment.
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Of course it is better, just not that widely used amongst people who use WU.
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Basically food and water and material supplies remain the only option in emergency.
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There is no way banks will take over Bitcoin. It would erase its purpouse. Besides, it is a peer to peer kind of network, so they can not just take it.
I would however like to see it as a currency used worldwide.
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I have done this many times. The best method is to show them the money on the table that they are missing. I let them know that I would love to be a customer, but since they only take unsafe credit cards and antiquated checks there is no way for me to buy. I recommend they use a payment processor like bitpay. Doing so they will make more money on each purchase compared to credit cards. It is also safer and faster for them.
Not taking bitcoin is really a foolish choice at this point. There is no cost and the only tech you need is a cell phone.
Quite nice. Say, do you have any idea how to monetize their Bitcoin acceptance? (like would you offer to set everything up for XX$ or something) lol.... and now you have lost a shops interest.. you mentioned set up costs.. bitcoin's purpose is suppose to be a better payment option compared to creditcards or cash.. and your one sentance has just obliterated that. now then if you want to make money out of it, then know the little secret.. there is a 2-5% spread between different exchanges.. so lets say: bitstamp=$260/btc coinbase=$270/btc you set up a price checker at bitstamp rate EG $26 for couple pizza's, your price checker will show that as 0.1btc payment. the shop shows the customer your QR code and you receive 0.1btc.. the shop takes out $26 outof the bartab.. now.. you use coinbase and you withdraw $27 and know you just made a $1 profit.. then when the bartab is getting low you refill it with the $26 and keep the $1. everyone is happy. no upfront costs, no contracts, no expensive gadgets or maintenance contracts. just a leaflet, a bartab and a employee balance checking on thier smartphone. keep it simple and as free from cost, stress, time as possible. because once you start going down the path of upfront costs you then start having to talk about contracts, equipment, support, maintenance, etc.. so start small and simple, treat it as a free trial. and if successful then you can upgrade it to a proper commitment and service. just try not to go overboard with techy speek and upfront costs before the manager even knows what a bitcoin is or does or even knows how many customers will use it But how would the shop owner know, how much Bitcoins the buyer needs to send? It seems like quite a hassle. |
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I have done this many times. The best method is to show them the money on the table that they are missing. I let them know that I would love to be a customer, but since they only take unsafe credit cards and antiquated checks there is no way for me to buy. I recommend they use a payment processor like bitpay. Doing so they will make more money on each purchase compared to credit cards. It is also safer and faster for them.
Not taking bitcoin is really a foolish choice at this point. There is no cost and the only tech you need is a cell phone.
Quite nice. Say, do you have any idea how to monetize their Bitcoin acceptance? (like would you offer to set everything up for XX$ or something) lol.... and now you have lost a shops interest.. you mentioned set up costs.. bitcoin's purpose is suppose to be a better payment option compared to creditcards or cash.. and your one sentance has just obliterated that. now then if you want to make money out of it, then know the little secret.. there is a 2-5% spread between different exchanges.. so lets say: bitstamp=$260/btc coinbase=$270/btc you set up a price checker at bitstamp rate EG $26 for couple pizza's, your price checker will show that as 0.1btc payment. the shop shows the customer your QR code and you receive 0.1btc.. the shop takes out $26 outof the bartab.. now.. you use coinbase and you withdraw $27 and know you just made a $1 profit.. then when the bartab is getting low you refill it with the $26 and keep the $1. everyone is happy. no upfront costs, no contracts, no expensive gadgets or maintenance contracts. just a leaflet, a bartab and a employee balance checking on thier smartphone. keep it simple and as free from cost, stress, time as possible. because once you start going down the path of upfront costs you then start having to talk about contracts, equipment, support, maintenance, etc.. so start small and simple, treat it as a free trial. and if successful then you can upgrade it to a proper commitment and service. just try not to go overboard with techy speek and upfront costs before the manager even knows what a bitcoin is or does or even knows how many customers will use it Ah, i see, very nice indeed. I thought of that exactly after i posted my post about making money why would they even accept it if it would involve massive fees for me to make profit oh well. Thanks for your help, i will read some more and might take action  |
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Of course, just like every other thing, comes from china |
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I have done this many times. The best method is to show them the money on the table that they are missing. I let them know that I would love to be a customer, but since they only take unsafe credit cards and antiquated checks there is no way for me to buy. I recommend they use a payment processor like bitpay. Doing so they will make more money on each purchase compared to credit cards. It is also safer and faster for them.
Not taking bitcoin is really a foolish choice at this point. There is no cost and the only tech you need is a cell phone.
Quite nice. Say, do you have any idea how to monetize their Bitcoin acceptance? (like would you offer to set everything up for XX$ or something) |
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Lmao, who would double spend on a 10$ meal?
Thank you for your big reply franky, i really like your idea behind the "bartab", although i dont think i would be able to pull it off:D
the restaurant you are thinking of.. is it in an area of known bitcoin meetup's, is there much chatter in the neighbourhood, do you see many people on the forums telling the world that they live in your area. is the restaurant a place normal people go to regularly. or is it a high class restaurant people would only go to once a year? maybe best to not think about a restaurant. but maybe a concenience store/ gas station as your first attempt. you know somewhere that will be regularly used and in an area where there is many people who will want to use alot. then when you get a nice customer base and some statistics of customer usage then you can use that as your bases to know if its worth going for the more specialist establishments where less people go regularly. the bar-tab thing is not hard to achieve. you just need $50-$100 upfront which you can get paid when you sell the bitcoins you receive.. if you yourself cannot afford $100 upfront to get bitcoin noticed in your area, then maybe worth finding other bitcoiners in your area and start a group thing where you all work together to up the bitcoin usefulness in your area and as such all of you put in a smaller amount into the pot to get the ball rolling. but the important part is to do your research first.. even talk to bitcoiners in your area and ask what are the top 5 stores they use on a regular bases and then go for the one with the most votes. Allright, i kind of get the principles now. So i basically give the store $100 and fliers with my Bitcoin adress (or bitcoin adress in QR code) and then they use them to recieve payments? What if the customer doesnt pay, but just makes it seem like he paid?  |
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It's ok to get businesses to accept bitcoin, but do people actually want to spend them?
If I spent 1 bitcoin on a night out in a restaurant I would be thinking this meal could be the price of a new car in 5 years.
I dont really know, but if you think like that, you are not considering them as payment unit but rather as some kind of stocks which you invest in. Try to think that you will spend 1 bitcoin, but then you will transform your paycheck to 5 bitcoins |
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Lmao, who would double spend on a 10$ meal?
Thank you for your big reply franky, i really like your idea behind the "bartab", although i dont think i would be able to pull it off:D
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Probably your best bet (although not pretty interesting) would be doing any offers/jobs for cash and then convert it to BTC.
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What would you say to them? How will they benefit from accepting Bitcoin as a payment method?
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Read your post on the page and i also know it. The house always wins. If you have a streak and continue playing for long enough, you will lose! You can not make long term profits with gambling, only short term luck.
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