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Author Topic: Why are we not pushing online merchant and services harder for Bitcoin adoption?  (Read 291 times)
Kprawn
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April 29, 2019, 05:43:59 PM
Merited by Kakmakr (2), eternalgloom (2), RodeoX (1)
 #1

I watched the news last night and I saw how people were demanding better service and/or rights by acting collectively. They

might turn to drastic measures like boycotts or Strikes or even mass mailing complaints to accomplish their goals. We want

these services to start to take Bitcoin seriously, but we are not pushing hard enough. I think we should target one online

merchant and then mass email them collectively to ask them if they could consider accepting Bitcoin as a payment option. We

could switch merchants every other week to reach more merchants.  Wink  Someone should just start a Poll to ask people what

merchant should be targeted first and then details should be posted about the contact details of their support to get things

started. I have been contacting some services individually, but it is not making any impact... I think if MANY people do this

collectively.. then companies will see that there are lots of demand for Bitcoin payments for their services or goods on their

platform. What do you think, would this work?  Huh

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April 29, 2019, 06:06:35 PM
 #2

I'm pretty sure that some people are suggesting other sites/companies to accept bitcoin already. But, they simply currently don't want bitcoin, and it's completely understandable in my opinion. Bitcoin's price volatility is most probably just going to be a huge hassle for them, to implement such a system, with such a small advantage for them as I'm pretty sure people paying with bitcoin will be a very very small minority.

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April 29, 2019, 06:13:49 PM
 #3

I get your point and there are actually groups who are pushing a lot of merchants even huge businesses and companies to adopt bitcoin but there are really lots of things to consider.
The votality of Bitcoin is one of the major reason why merchants couldn't choose it that easy. Some of them are afraid to take risks.
I guess if every country would adopt Bitcoin, good things and adoptions would follow.

 
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April 29, 2019, 06:14:31 PM
 #4

We shouldn't really boycott companies just because they don't accept bitcoin. Acting organized to make companies accept bitcoin isn't really a bright idea in my opinion. It may blow back to our faces.

Instead, as an individual, you should just prefer the companies which accept bitcoin over which doesn't.

I believe these things should develop in a more natural way rather than a "forced way".

I'll give you an example, I see shitloads of "xrpthestandard" fucktards on twitter. I already hate ripple and seeing thousands of them makes me hate ripple even more. Trying to force something down to someones throat is never a nice way of doing things. Especially when that someone already has negative opinions about that thing.

I am not saying advertisement is bad. Overdoing it is indeed bad however.




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April 29, 2019, 06:20:39 PM
 #5

The reason why we're not pushing services is that people seem to be more focused on hodling to get rich and not using bitcoin.

I honestly don't think that the reason service doesn't accept it is because of volatility, especially lately, it's so stable.

If done, it has to be organized and unless this is started by someone famous within the community, it won't work because most of the people won't take it seriously.


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April 29, 2019, 06:23:49 PM
 #6

Companies should adopt Bitpay like services, and there are few who already do.

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April 29, 2019, 06:33:51 PM
 #7

Companies should adopt Bitpay like services, and there are few who already do.

No.

Fuck Bitpay.

Bitpay is a centralized third party piece of shit which has many bugs.

If a company wants to accept bitcoin, it should use BTCpay instead.
https://btcpayserver.org/

You don't really need a third party to accept bitcoin. You don't really accept bitcoin by using bitpay at all. Bitpay isn't helping bitcoin. They are parasites.

All you need to do is, setting up your own BTCPay server and that's it. It works as smooth as bitpay. Actually it works a lot smoother.




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April 29, 2019, 06:35:50 PM
 #8

We shouldn't really boycott companies just because they don't accept bitcoin. Acting organized to make companies accept bitcoin isn't really a bright idea in my opinion. It may blow back to our faces.

Instead, as an individual, you should just prefer the companies which accept bitcoin over which doesn't.

I believe these things should develop in a more natural way rather than a "forced way".

I'll give you an example, I see shitloads of "xrpthestandard" fucktards on twitter. I already hate ripple and seeing thousands of them makes me hate ripple even more. Trying to force something down to someones throat is never a nice way of doing things. Especially when that someone already has negative opinions about that thing.

I am not saying advertisement is bad. Overdoing it is indeed bad however.

We do not need to force anyone to do anything, we merely show them that 1000s of people want to use their service or buy

their products with Bitcoin. I think it is better if 1000s of people ask simultaneously than 1 or 2 people asking occasionally.

Companies should adopt Bitpay like services, and there are few who already do.

Payment processors will not help to increase Bitcoin adoption, it will however drain bitcoins from hoarders and also be

converted to fiat immediately after it reached the payment processor.  Sad   We need direct Bitcoin payments without

third party payment processors leeching profits from fees.


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April 29, 2019, 06:41:01 PM
 #9

I don't think mass emailing a merchant/store will really force something to happen. Especially when it won't really effect their bottom line. Why should big companies like ebay add bitcoin as a payment option? They are doing fine without it, and adding it as a new payment option won't increase income.

Businesses are run by profits. If you can prove that adding bitcoin would help increase profits, the merchant/company might think about adding it as a new payment option, otherwise, will never happen.

 
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April 29, 2019, 06:53:32 PM
 #10

The main reason is the high volatility of Bitcoin and altcoins. At some point, we will regret making a purchase by paying BTC when the market starts to show an uptrend. The same goes for merchants. What if the rate goes down. This might incur a great loss for them. I like to see Bitcoin as a commodity.

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April 29, 2019, 07:01:32 PM
 #11

I think the major hurdles are
- Very high volatilty. Most businesses do not want to fall into a trap of making losses once the price deeps in  no time
- Public is less senstised about the blockchain technology and bitcoin. Very few people now even just the basics about bitcoin.
Other technical aspects like setting up bitcoin wallets, making transactions etc keep the general population less interested in BTC

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April 29, 2019, 07:14:10 PM
 #12

~snipped~

Even if we does, the company/merchant itself will not look into it as priority. Surely, it was already done in the past.

Disregarding volatility and fluctuations, most company doesn't really making crypto as big deal. They are focused more on improving their business, improving customer relations, enhancing their services etc. because that will give them more profits in the long run rather than to think on a virtual currency which is another thing. And besides, pointing to local merchants, if they sees big global merchants not considering crypto adoption then why should they follow.

But on the bright side, just give it time. Let the process flow without doing an aggressive act.

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April 29, 2019, 07:16:10 PM
 #13

I don't think mass emailing a merchant/store will really force something to happen. Especially when it won't really effect their bottom line. Why should big companies like ebay add bitcoin as a payment option? They are doing fine without it, and adding it as a new payment option won't increase income.

Businesses are run by profits. If you can prove that adding bitcoin would help increase profits, the merchant/company might think about adding it as a new payment option, otherwise, will never happen.

Moreover, no one can guarantee that after accepting bitcoins for payment, in this store will become a large number of buyers with cryptocurrency. Because this is what any business is seeking - an increase in the number of customers.
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April 29, 2019, 07:19:10 PM
 #14

We used to do that here on the forum, but that seems to have stopped at one point.
I can clearly remember threads back in 2013 and 2014 where people would show off emails they'd sent to companies, asking them to accept bitcoin.

It was actually one of the more fun aspects of this forum and a big reason why I initially stayed active here.

I would welcome more initiatives like that, maybe even start some of my own.

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April 29, 2019, 07:22:44 PM
 #15

Collectively sending emails to one merchant then to another may push them away from even considering bitcoin. People has the tendency to go away from aggressive marketing.

We keep making this request/demands but will the community readily support it on a consistent basis?
I can't remember where I read it but there was a news before that featured a store accepting crypto for months but none of their customers have tried.

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April 29, 2019, 07:33:55 PM
 #16

We used to do that here on the forum, but that seems to have stopped at one point.
I can clearly remember threads back in 2013 and 2014 where people would show off emails they'd sent to companies, asking them to accept bitcoin.

It was actually one of the more fun aspects of this forum and a big reason why I initially stayed active here.

I would welcome more initiatives like that, maybe even start some of my own.
While the intention is good here, this could lead to a lot of spam which the merchants might not like and they might ban crypto related emails completely. Honestly, after the collapse of Bitcoin and other crypto in 2018, merchants have been a lot more cautious in this aspect.

I believe that the best path here would be to wait patiently and let them realize the value of crypto and provide BTC as an alternative payment option on their own.

 
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Potatohead
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April 29, 2019, 07:39:05 PM
 #17

I do understand your intention that you want more merchants to accept bitcoin or cryptocurrency as payment. Keep in mind that the risk of bitcoin to be accepted is yet to big for other to take. This might take time since bitcoin is not yet fully adapted and the risk of it's volatility, not to mention mass awareness. This might not be beneficial for them at the moment.
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April 29, 2019, 10:58:30 PM
Last edit: April 29, 2019, 11:14:37 PM by TimeBits
 #18

I watched the news last night and I saw how people were demanding better service and/or rights by acting collectively. They

might turn to drastic measures like boycotts or Strikes or even mass mailing complaints to accomplish their goals. We want

these services to start to take Bitcoin seriously, but we are not pushing hard enough. I think we should target one online

merchant and then mass email them collectively to ask them if they could consider accepting Bitcoin as a payment option. We

could switch merchants every other week to reach more merchants.  Wink  Someone should just start a Poll to ask people what

merchant should be targeted first and then details should be posted about the contact details of their support to get things

started. I have been contacting some services individually, but it is not making any impact... I think if MANY people do this

collectively.. then companies will see that there are lots of demand for Bitcoin payments for their services or goods on their

platform. What do you think, would this work?  Huh

you can`t force anyone to accept your shit for their shit, especially if they know your shit stinks. If only the people woke up and accepted only bitcoin and not fiat, that would be cool  Cool Well I am, no fruit and veggies for government fiat this year Smiley

I was walking to go to timmies this morning, I always bring two smokes with me one for the walk there and one for the walk back, Buddy asked hey you got a smoke (I get asked 20 times a day) I said no, I only have one left, "I`ll buy it off you".


I went to the market when I was a kid a lot (toronto food terminal), I would of have a basket for cherries for $20, I would always get people I can do $15, me: HOW ABOUT $25 can you not read the sign buddy it says $20



This year it will be for bitcoin and if they come at me with fiat at the market, same thing Smiley

btw, not that I care, but most the people caring about the price would, the more merchants that accept bitcoin, the more they sell for fiat, these cooperation's want $lave money that is not so "volatile" most of the time the businesses that accept btc, cash it in right away to insure they cover the cost of the product, because they cannot see 1 bitcoin = 1 bitcoin no matter what clown world government fiat money is doing it does not matter to me.
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April 30, 2019, 12:34:43 AM
 #19

I do not believe that  coercing merchants would be an effective way of accelerating bitcoin's adoption as a payment medium.
The Truth is that these merchants go into business for profit making purposes.
The volatile nature of cryptocurrency makes bitcoin unattractive to them....the. Volatile nature could make them to be recording losses every other day.
So I think that the issue of bitcoin volatility should be resolved so as to make it's usage favorable to merchants.

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April 30, 2019, 02:37:39 AM
 #20

i think for most people it is because they are not spending bitcoin or have plans on spending it any time soon. they are just accumulating for "profit" as an investment so they don't really care if merchants and services accept bitcoin or not.

in any case last time i did this was with Steam and they did finally accept bitcoin but that didn't last that long due to the ridiculous rise in fees which meant the fees were higher than half of the games they were selling so they stopped accepting bitcoin payments. and that is a big preventing force against adoption.

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