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By that logic if newegg, overstock, and dell stopped accepting BTC it'd be great cause now people can't spend their BTC so we go to moon
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Most people who "invest" in BTC don't do it to shop at Dell & NewEgg.
They might want to believe that
others buy BTC to shop at Dell & NewEgg, but they themselves don't.
Because after the novelty of buying with BTC wears off, the sheer stupidity of it begins to sink in. Imagine:
1. Spend fiat to buy BTC
2. Send BTC to a payment processor, who'll
3. Sells your BTC for fiat &
4. Sends fiat to the merchant that "accepts BTC".
5. Re-buy BTC you spent, probably from the same payment processor but at a premium, because "investment."
Funny as hell, doubt it happens too much tho. Now for someone with a BTC stash from way back... Nah, that would only create sell pressure, so won't happen
I think it's been hammered to the ground that that's not a great use case for BTC. Would i go through those steps to buy something from MS? Unless merchant offers incentives like 2% off btc payments probably not. (And i don't see anyone arguing that so can you stop spamming that?)
I know that you keep coming back to that as your main trolling point.
Right now from what i see, the best use for BTC is
-worldwide illegal markets (and i think that's more than enough to justify current market cap)
-money transferrer (pay someone in Asia, send money home to Africa, pay with BTC when traveling to save on currency conversion/foreign transaction fees) etc...
-micro payments/tipping (look at reddit/changetip etc.. how's their volume going)
Would i spend fiat and buy BTC for that? You betchya.
MS acceptance, brings huge endorsement to BTC. Means the protocol is mature enough, getting out of proof of concept phase and into big guys putting their weight to support it (even through BitPay). Think of all the advertisement, shifting people opinions from bitcoin being magical online money for druggies at silk road to now a blue chip accepting it. MasterCard is trying very hard to put a negative PR spin on bitcoin, this turns it around.
And of course there's speculation. MS needs to counter Apple Pay, is this the first step? How about integrated BTC wallet with the new Windows release? To find more use cases that make sense you need more awareness and this definitely does it.
TL;DR it's positive endorsement, free advertisement. Finally know MS stance on BTC and it's positive, so they won't try to fight it, opens huge potential for all new financially viable use cases. Bullish for these reason NOT that people start buying BTC to pay MS.
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