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Author Topic: Examples of public rejection of fiat  (Read 1380 times)
calme (OP)
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March 31, 2015, 09:40:56 AM
 #1

Do you know of any examples of this to share? For example, you're about to pay at a shop or cafe. They tell you the total and you say something like "I've had just about enough of your fiat nonsense."
Cryptowatch.com
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March 31, 2015, 11:57:10 AM
 #2

Locally I've seen some businesses refuse to accept cash, although they should, according to law. They only accept cards, I haven't challenged them about it, but I would think if you said you were tired of cash, that they would probably not accept bitcoin, and the person behind the desk would probably not have a single clue when you make some drama and leave the door saying you won't pay in fiat.
ebliever
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March 31, 2015, 01:57:31 PM
 #3

Please don't be rude when trying to encourage businesses and people to accept bitcoin. That kind of approach will crash and burn. If I saw someone acting like a drama queen about fiat and bitcoin, I'd assume it was an enemy of bitcoin trying to turn people off to it.

Luke 12:15-21

Ephesians 2:8-9
flyingplows
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March 31, 2015, 07:31:11 PM
 #4

Do you know of any examples of this to share? For example, you're about to pay at a shop or cafe. They tell you the total and you say something like "I've had just about enough of your fiat nonsense."

 Grin I think 99% of the time the staff of the shop/caffee would not understand what are you even talking about, and would simply call police for not paying. Police would not understand you also btw Wink
I mean most people haven't heard the word bitcoin at all in any context and most of those who heard don't know what it is or how it works - and not even talking about how to pay with them.
I hope those things improve, but it is reality today.

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March 31, 2015, 08:59:03 PM
 #5

...
I mean most people haven't heard the word bitcoin at all in any context and most of those who heard don't know what it is or how it works - and not even talking about how to pay with them.
...

Plus, most of people probably wouldn't understand what OP means by 'fiat'.

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unamis76
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March 31, 2015, 09:07:36 PM
 #6

Unfortunately we haven't reached a point in which we can just go to a cafe or a store and say we refuse to pay in fiat. Bitcoin isn't that widely known, and rejecting fiat right away won't make anyone interested in implementing Bitcoin.

Maybe one day we can reject paying in fiat and establishment owners will understand that... But not yet Smiley So we probably won't listen to many of these stories.
Snail2
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March 31, 2015, 10:02:34 PM
 #7

Do you know of any examples of this to share? For example, you're about to pay at a shop or cafe. They tell you the total and you say something like "I've had just about enough of your fiat nonsense."

That would be a kickass marketing. Literally... Smiley
lucasjkr
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March 31, 2015, 10:08:01 PM
 #8

Fist, you mean cash? Or fiat, you mean anything denomiTed in that currency, checks, cc, etc?

I can imagine some places not taking cash (say, a high end jeweler who doesn't want to deal with currency reporting. But a business saying "oh you expect me to take dollArs?"  Seems absurd if you ask me.
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March 31, 2015, 10:21:25 PM
 #9

Locally I've seen some businesses refuse to accept cash, although they should, according to law. They only accept cards, I haven't challenged them about it, but I would think if you said you were tired of cash, that they would probably not accept bitcoin, and the person behind the desk would probably not have a single clue when you make some drama and leave the door saying you won't pay in fiat.

This makes no sense to me. Why would a business not accept cash, which comes with no processing fees, and only accept cards which charge them ~1-3% for each transaction?

Btcvilla
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March 31, 2015, 10:23:52 PM
 #10

Rejection of fiat is not a good idea right now, unless its an online only business that is specialized in Bitcoin (like a Altcoin exchange) or one that is not someones main income.
lucasjkr
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March 31, 2015, 10:35:58 PM
 #11

Unfortunately we haven't reached a point in which we can just go to a cafe or a store and say we refuse to pay in fiat. Bitcoin isn't that widely known, and rejecting fiat right away won't make anyone interested in implementing Bitcoin.

Maybe one day we can reject paying in fiat and establishment owners will understand that... But not yet Smiley So we probably won't listen to many of these stories.

No. Never will you or should you go to, say, a restaurant, eat your meal and then when presented the bill say "oh, I don't carry fiat currency. All I can pay wil is Bitcoin".

You'll give us a bad name and get yourself arrested, most likely.
flyingplows
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March 31, 2015, 10:38:39 PM
 #12

Rejection of fiat is not a good idea right now, unless its an online only business that is specialized in Bitcoin (like a Altcoin exchange) or one that is not someones main income.
I think we all read it wrong, you the customer are supposed to reject fiat at the register, it seems just rude.

But how can we reject it? In most situations they would even have no means prepared to pay us with something else. In rejection case they would not pay us at all, because we are obliged to accept national currency by laws I would think. Am i wrong on this?  Undecided

lucasjkr
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March 31, 2015, 10:41:24 PM
 #13

Locally I've seen some businesses refuse to accept cash, although they should, according to law. They only accept cards, I haven't challenged them about it, but I would think if you said you were tired of cash, that they would probably not accept bitcoin, and the person behind the desk would probably not have a single clue when you make some drama and leave the door saying you won't pay in fiat.

This makes no sense to me. Why would a business not accept cash, which comes with no processing fees, and only accept cards which charge them ~1-3% for each transaction?

High end retailers, jewelers and the like, might refuse cash for numerous reasons - not having $20 or $50,000 cash on hand after concluding a sale could be a good decision both to deter robbery, or, more likely, embezzlement. Plus, it's not just banks that are subject to currency transaction reporting requirements- any business thT accepts over $10k in a single or related transaction is supposed to fill out paperwork to report it. And given that most of their customers probably want to charge the purchase to their Amex, taking the next step and saying "we don't accept cash" is a logical next step. Certainly not for all retailers, but high end ones, yes.
pawel7777
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March 31, 2015, 10:43:27 PM
 #14

Locally I've seen some businesses refuse to accept cash, although they should, according to law. They only accept cards, I haven't challenged them about it, but I would think if you said you were tired of cash, that they would probably not accept bitcoin, and the person behind the desk would probably not have a single clue when you make some drama and leave the door saying you won't pay in fiat.

This makes no sense to me. Why would a business not accept cash, which comes with no processing fees, and only accept cards which charge them ~1-3% for each transaction?

If it's a small business, and they had some problems with robberies/counterfeited money/staff stealing from register etc then you could somewhat understand such decision. It's also a bit of pain to manually count it and make a trip to the bank to deposit.
Although I personally don't know any physical business which would refuse to take cash.

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flyingplows
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March 31, 2015, 10:49:45 PM
 #15

Btw, in case someone is really considering to try to refuse paying in fiat - at least offer paycoin or dogecoin... you will deal with police either way, but it will be more fun offering those altcoins and less harm to bitcoin directly  Grin
After that upload to youtube and post a link here  Grin

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March 31, 2015, 11:04:33 PM
 #16

I saw these: http://www.reddit.com/r/Bitcoin/comments/2vl67g/tell_us_your_bitcoin_selling_stories/
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April 01, 2015, 02:15:28 AM
 #17

At some Apple retail outlets, you can't purchase merchandise with cash aside from Gift Cards.

Not sure how this works, but you can use your cash to purchase a gift card then use the gift card to purchase your item.
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April 01, 2015, 04:13:43 AM
 #18

Paying traffic ticket fines is no fiat in my local and only accept card payment. It may be the examples of public rejection of fiat. But I think there are no many difference behind it. At least they are all accepting fiat money.

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April 01, 2015, 06:36:02 AM
 #19

Most merchants does not accept fiat, if it's ink stained or if the paper money are to damaged.

I also had a problem with a local company who did not want to give me a car for my $ 1 000 000 000 ZIM.  Grin

In some instances, people get a cut off point, when newer currency are released. {A new range of coins or paper money} I have gone through one of them and they change machines accepting the fiat and if you do not have the correct fiat, it will not be accepted as legal payment. {Parking meters at airports etc. etc.}

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April 09, 2015, 03:42:44 PM
 #20

Locally I've seen some businesses refuse to accept cash, although they should, according to law. They only accept cards, I haven't challenged them about it, but I would think if you said you were tired of cash, that they would probably not accept bitcoin, and the person behind the desk would probably not have a single clue when you make some drama and leave the door saying you won't pay in fiat.

This makes no sense to me. Why would a business not accept cash, which comes with no processing fees, and only accept cards which charge them ~1-3% for each transaction?

One reason might be because they then do not need to handle the physical cash.
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