How many times you heard some question ?
But the time goes by and I've been wondering if it really what a BTC today really is.
As we discuss here in the forum everyday, the main reason for BTC not to be taken seriously as digital money like it was invented are:
- its fee cost for lower transaction
- delay and time of the transaction to be approved
- its price that change constantly up
- it's not designed to accept so many transactions
What do you think ?
Do you hold like you holding the gol a decade ago ?
These are two completely different concepts, but bitcoin is being accepted by major corporations for the following purposes.
Tùy chọn nhỏ của doanh nghiệp này đã có với bitcoin nó đã nhận?
1) Hodl 2) Reinvest into business
If a small business that sells baked goods wants to reinvest the money it made from selling donuts to buy more dough to sell more donuts, IT NEEDS A WAY TO PURCHASE THE DOUGH!
You are not going to buy the same amount of flour and baking supplies in bitcoin (okay maybe somewhere in this planet exists somewhere that would take bitcoin for this, but just an example). Same thing applies to any business, and car shop will not get replacement parts in bitcoin, and grocery store can not buy produce from farms in bitcoin;
Small businesses MUST have a way to reinvest bitcoin sales into their business, or bitcoin is going to have a big problem ever expanding (unless we see the super giants mass adopt it, is that what we are hoping for?)
So there's 2 potential outcomes:
Option 1) Auto part dealers, farmers, shipping, logistics companies, etc, the backbone of what runs business and the world, start adopting bitcoin as a payment method and it is then possible for small business that rely on these big players to pay them directly in bitcoin (without converting the bitcoin it received into USD), it has come full circle and we live in a perfect world.
Option 2) We do not see a mass adoption of bitcoin in large companies that power small business. A small auto shop accepts a bitcoin and gets a big sale (lets say in the thousands), the auto parts business that it itself relies on only takes us dollars, the small auto shop must wait for the bitcoin to be converted into USD that the auto parts business will accept as payment before it can make a purchase, the end client who paid for the work in bitcoin needs to wait for the shop to convert his bitcoin to purchase the part to the service. Không có thể nếu không thể tự động tự động.
