Would you buy/sell Bitcoin over Lightning at a coffee shop?

[shadow12348]

Dabbling on the topic.

Wondering how many of you guys would be interested in a service where you could walk into your local corner store and buy Bitcoin from the store owner by paying him cash and sell Bitcoin to him to get cash from his cash register?

Let's assume there's a fantastic lightning wallet out there that's super intuitive and easy to use with zero setup time required for new lightning users. Would you use something like this over localbitcoins or a regular centralized exchange? Is cash still a big thing?

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1715701328

[moonshot797]

I like the idea of walking into a grocery store and being able to buy/sell bitcoin. Bitcoin ATM's are hard to find and charge ridiculous fees in the name of maintenance costs.
I think that if a store accepted bitcoin for cash and vice versa it would also make the exchange transaction private and definitely more convenient than using an online exchange service.

However, I don't seem to really use cash too often these days, so I would rather just sell the grocery store some bitcoin in exchange for some groceries   

[fakefrombot]

Thats a dream for money launders Do you know that governments planning to liquidate cash at all in future because of illegal activities with cash (drugs selling etc.)? So cash will become a past in near 5 years in Europe and United States. And you are proposing cash to btc exchanging at stores?

[shadow12348]

Thats a dream for money launders Do you know that governments planning to liquidate cash at all in future because of illegal activities with cash (drugs selling etc.)? So cash will become a past in near 5 years in Europe and United States. And you are proposing cash to btc exchanging at stores?

I mean of course there would be limits. You wouldn't expect to find 10,000 EUR for example in the cash register of a grocery store. I suppose in any case such a service would have to do some sort of KYC before allowing a user to use it otherwise the government would shut that service down.

[MrFreeDragon]

In many countries such transactions will be considered as illegal. If you want to make them legal, you should involve all the governments which is not possible.
If I understand you idea right, how should local corner store count these transactions in their cash registries - they cashed out their cash but received crypto which is not allowed?

Have you asked in darknet already about this idea? 

[hugeblack]

Many people have posted videos of buying/selling BTC using the lightning network, so things are possible but need to be adopted.
I do not think that we have a problem with technology, but we need laws and legislation crisis as well as the desire of traders to accept these currencies due to the large losses of the fluctuation of the price.
Check this video ----> https://www.youtube.com/watch?v=39KpscRXyXY

[bitmover]

Dabbling on the topic.

Wondering how many of you guys would be interested in a service where you could walk into your local corner store and buy Bitcoin from the store owner by paying him cash and sell Bitcoin to him to get cash from his cash register?

Let's assume there's a fantastic lightning wallet out there that's super intuitive and easy to use with zero setup time required for new lightning users. Would you use something like this over localbitcoins or a regular centralized exchange? Is cash still a big thing?

Personally, I believe there is no need to use lightning network for this.

You are going to sell a coffee for $1-3, whatever. You can accept zero confirmation payments.
Almost no one will try to double spend the coins, and a 51% attack to rob you $3 is impossible.

Just make a nice sign with Bitcoin Logo (Bitcoin Accepted here) and when someone transfer you and you see the transaction on the blockchain with zero confirmations, that is it. Paid. No worries.