The shops that accept Bitcoin

[Woshib]

I noticed that the shops that accept Bitcoin are mainly in europe and north america, why bitcoin can not go out and conquer other continents? the stability of the country plays a role in all this? how?

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[unamis76]

Bitcoin is slowly but surely getting into other countries, like countries on South America. You can check that on the marketplace section here, as an example.

And yes, stability takes part. Less stable countries tend to search for alternative currencies...

[Woshib]

Bitcoin is slowly but surely getting into other countries, like countries on South America. You can check that on the marketplace section here, as an example.

And yes, stability takes part. Less stable countries tend to search for alternative currencies...

But I also noticed that the Bitcoin is primarily in capitals or large cities.
So, the cryptocurrencies are known in countries that have less stability as in Africa or in Asia?

[talkbitcoin]

I noticed that the shops that accept Bitcoin are mainly in europe and north america, why bitcoin can not go out and conquer other continents? the stability of the country plays a role in all this? how?

there are some factors in my opinion that play a role in adoption of bitcoin in different countries.

one of them which is also important is the regulations, the fact that some countries don't look at bitcoin kindly

the other one is the difference between the development of the country.
bitcoin is more known and accepted in developed countries rather than developing countries.

[lister storm]

I noticed that the shops that accept Bitcoin are mainly in europe and north america, why bitcoin can not go out and conquer other continents? the stability of the country plays a role in all this? how?

to be honest there are some bitcoin shops in european countries such as germany or france as i have been there and i was able to use bitcoins in some places though only in few

there are a few bitcoin shops at the moment online that accept only bitcoins and nothing else though there are only a very small amount, with adoption there should be way more

[Woshib]

I noticed that the shops that accept Bitcoin are mainly in europe and north america, why bitcoin can not go out and conquer other continents? the stability of the country plays a role in all this? how?

to be honest there are some bitcoin shops in european countries such as germany or france as i have been there and i was able to use bitcoins in some places though only in few

there are a few bitcoin shops at the moment online that accept only bitcoins and nothing else though there are only a very small amount, with adoption there should be way more

How are things in stores?
When you pay, you wait at least a confirmation to exit?

[Lauda]

It isn't just a problem with specific countries (even though some have much more adoption than others). Local merchant adoption is lacking pretty much everywhere. Even though you can buy almost anything that you desire with Bitcoin (online), you can't do that locally (in most places).

to be honest there are some bitcoin shops in european countries such as germany or france as i have been there and i was able to use bitcoins in some places though only in few

It isn't also easy to find them. The only source that I know would be coinmap.

How are things in stores? When you pay, you wait at least a confirmation to exit?

It comes down to the merchant and the way that they're accepting Bitcoin. A zero-confirmation TX is acceptable for small purchases.

[Woshib]

It isn't just a problem with specific countries (even though some have much more adoption than others). Local merchant adoption is lacking pretty much everywhere. Even though you can buy almost anything that you desire with Bitcoin (online), you can't do that locally (in most places).

to be honest there are some bitcoin shops in european countries such as germany or france as i have been there and i was able to use bitcoins in some places though only in few

It isn't also easy to find them. The only source that I know would be coinmap.

How are things in stores? When you pay, you wait at least a confirmation to exit?

It comes down to the merchant and the way that they're accepting Bitcoin. A zero-confirmation TX is acceptable for small purchases.

But how is the payment.
The merchant gives you his Bitcoin address or it is with QR Codes?

[Lauda]

But how is the payment. The merchant gives you his Bitcoin address or it is with QR Codes?

Again, you're asking questions that do not have a general answer. Obviously, the preferred method is using QR codes. Here's an example video.

[Woshib]

But how is the payment. The merchant gives you his Bitcoin address or it is with QR Codes?

Again, you're asking questions that do not have a general answer. Obviously, the preferred method is using QR codes. Here's an example video.

Thank you for your answers.
I'll try to watch the video to get an idea about this.

[franky1]

A zero-confirmation TX is acceptable for small purchases.

^ risky advice but here is some to reduce risk
it only takes less than one second with the right tools to:
check the transaction is not RBF
check the transaction has a fee(if there is no/low fee then there is a higher chance someone will re-use the funds with a fee to spend elsewhere before first tx confirms)
check the taint of the inputs for signs of previous abuse.

this would help reduce the chances of someone trying to double spend.
some payment services have these taint analysis and transaction checking algo's added to their code to help mitigate the risks of accepting zero confirms

[Carlton Banks]

^^^ Franky1, Anti-Bitcoin par excellence speaks out of his asshole once again

RBF

No, Franky, First-Seen rules protects against someone using RBF to steal 0-confs away, you've been told 1000's of times and yet you still repeat-repeat-repeat-repeat this BS propaganda

check the transaction has a fee

That won't always be true even today, zero-fee transactions still get processed. To be fair, this is the only piece of advice that has a semblance of truth (and I think we all know Franky relies on making his BS more palatable by mixing it in with some obvious facts)

check the taint of the inputs

And here Franky reveals exactly the kind of boot-licking corporate shill he really is: one of the fundamentals of Bitcoin is to transact fungible money without censorship, and here's Franky, telling us to censor transactions (the irony shouldn't be lost on anyone who knows Franky for what he is: he goes on and on and on about non-existent censorship on this forum to disparage genuine supporters of Bitcoin)

[justdimin]

One reason why it hasn't reached other countries' real world merchants is because there isn't much of a popularity and
demand just yet.

Like here in our country, the number of people that uses bitcoin is roughly 1/100 (that's a bad estimate, I know) however, there are third party payment centers that accept bitcoins to pay our bills and stuff.

[harizen]

I noticed that the shops that accept Bitcoin are mainly in europe and north america, why bitcoin can not go out and conquer other continents? the stability of the country plays a role in all this? how?

Also demand is a must.

But you know here in my country, I doubt there are lots of demands for our local wallet exchange to give services here but they take the risk. Now our local wallet exchange really established a good name in bitcoin industry also somehow it helps us gained number of users here to be engaged in bitcoin world.

[angaper]

At least in my country, Mexico, I can't easily find reliable stores to exchange my coins,  but in any case most of the available options are only willing to accept bitcoin, but not to accept fiat and return coins in exchange.

[achow101]

No, Franky, First-Seen rules protects against someone using RBF to steal 0-confs away, you've been told 1000's of times and yet you still repeat-repeat-repeat-repeat this BS propaganda

Well, to be fair, there is Opt In RBF. If a transaction is non-final (sequence of any input is not 0xffffffff), it is either timelocked or uses opt in RBF which means that the transaction could be replaced.

check the transaction has a fee

That won't always be true even today, zero-fee transactions still get processed. To be fair, this is the only piece of advice that has a semblance of truth (and I think we all know Franky relies on making his BS more palatable by mixing it in with some obvious facts)

I would also like to add that the transaction has to have a high enough fee, not just a fee in general. Low fee transactions still take a while to get confirmed.

check the taint of the inputs

And here Franky reveals exactly the kind of boot-licking corporate shill he really is: one of the fundamentals of Bitcoin is to transact fungible money without censorship, and here's Franky, telling us to censor transactions (the irony shouldn't be lost on anyone who knows Franky for what he is: he goes on and on and on about non-existent censorship on this forum to disparage genuine supporters of Bitcoin)

That ,I agree, is complete BS.

Additionally, when accepting unconfirmed transactions, you should also check whether the inputs of the transaction are also unconfirmed.


I think one of the biggest factors of not having Bitcoin in accepted in physical stores is that employees need to understand how to use Bitcoin too before it can be accepted.

[Carlton Banks]

Additionally, when accepting unconfirmed transactions, you should also check whether the inputs of the transaction are also unconfirmed.

Indeed. Using a Child Pays for Parent transaction (as I know you're abundantly aware of) can mitigate for that kind of problem, but I can imagine there may exist circumstance where even CPFP can't help (and it's arguably not such a great practice/culture to encourage, unscrupulous users may try to use the mechanism to push some/all of the fee onto the sender).

I think one of the biggest factors of not having Bitcoin in accepted in physical stores is that employees need to understand how to use Bitcoin too before it can be accepted.

Also in agreement, but you imply that education is the answer, whereas I would posit that better protocols (i.e. simpler to use for the layperson) would be more effective. I say this not out of cynicism/derision, but simply as an observation of the trends for the average abilities of the average shop assistant: the required abilities for shop work has been declining steadily over the years, to the extent that all they really need is to press a few buttons on the register in the correct sequence, smile and be faintly personable.

[profall]

I noticed that the shops that accept Bitcoin are mainly in europe and north america, why bitcoin can not go out and conquer other continents? the stability of the country plays a role in all this? how?

I think it's more about connectivity to the Internet then anything else. Here in the USA it wasn't until 5 to 7 years ago that every physical store accepted credit cards, and this is because ISPs finally reached out to more rural areas and mobile internet services like 3G and now 4G LTE became cheap and available almost anywhere. Now it's a death sentence to your business to only accept cash, because a majority of people do not carry large amounts of cash on them anymore like they did only a decade ago.

How is Joe the Farm Stand owner going to accept bitcoin when he can't even get cellphone service in the majority of the area he lives and works in?

[yayayo]

I'm under the impression that Bitcoin is increasingly accepted all over the world, not just in the U.S. or in Europe. Of course it is still far from mainstream acceptance, but the constant trend of increases in the number of transactions is very encouraging. As we could observe during the last bubble, Bitcoin adoption tends to get a boost during rising prices. Not all of the companies joining then will stay in a subsequent depression, but even considering a significant drop out rate there will still be a significant increase.

Personally I think that especially businesses in South American countries are hot aspirants for Bitcoin adoption: Overall, many of these countries have a well educated and tech-savvy population that is interested in progress and business opportunities. Heightened inflationary tendencies of national currencies in these countries will add to the attractiveness of Bitcoin.

ya.ya.yo!

[achow101]

Additionally, when accepting unconfirmed transactions, you should also check whether the inputs of the transaction are also unconfirmed.

Indeed. Using a Child Pays for Parent transaction (as I know you're abundantly aware of) can mitigate for that kind of problem, but I can imagine there may exist circumstance where even CPFP can't help (and it's arguably not such a great practice/culture to encourage, unscrupulous users may try to use the mechanism to push some/all of the fee onto the sender).

CPFP isn't supported by most miners anyways, so it doesn't help that much. Bitcoin Core doesn't even support it yet.

I think one of the biggest factors of not having Bitcoin in accepted in physical stores is that employees need to understand how to use Bitcoin too before it can be accepted.

Also in agreement, but you imply that education is the answer, whereas I would posit that better protocols (i.e. simpler to use for the layperson) would be more effective. I say this not out of cynicism/derision, but simply as an observation of the trends for the average abilities of the average shop assistant: the required abilities for shop work has been declining steadily over the years, to the extent that all they really need is to press a few buttons on the register in the correct sequence, smile and be faintly personable.

True, we could use some hardware that makes accepting Bitcoin in stores much easier. This is another project that I'm working on as well, but I don't think I will finish it any time soon.