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Author Topic: Shops now accept BTC  (Read 281 times)
Z-tight
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May 19, 2024, 10:24:00 PM
 #41

Bitcoin was designed for daily purchases like coffee. But not now. People now consider it digital gold, something to hold onto rather than spend. The fees are high when everyone uses it since its design makes it slow.
BTC is p2p electronic cash and it is designed for any kind of payment, as long as the merchant is ready to accept it. Yeah, high tx fees make BTC unusable, especially for small payments such as paying for coffee. However, tx fees are kind of low right now, and maybe 1-2 sat/vbyte is possible in some months from now.

Take note that BTC has many use cases right now, and you have to accept the fact that people are going to use BTC in the way they like and choose, so they are the ones to decide if they want to spend or hold.

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May 19, 2024, 10:53:52 PM
 #42

...Bitcoin was designed for daily purchases like coffee. But not now. People now consider it digital gold, something to hold onto rather than spend. The fees are high when everyone uses it since its design makes it slow.
So far year by year bitcoin transactions doubles or triple and even reaches new ATH. So what you said doesn't hold much. High fees can be accomodate with lightning too. The only problem was the previous surge of tokens transactions in the bitcoin blockchain which is not designed for its purpose.

https://bitinfocharts.com/comparison/bitcoin-transactions.html#alltime

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May 20, 2024, 10:33:56 AM
 #43

Well, bitcoin is very famous now. Those who know how to use it are likely to accept bitcoin as a means of payment, and sometimes they even hold it as an investment. In fact, when you buy at a shop, and the owner knows about bitcoin, then you can offer an exchange using bitcoin. However, personally, I would probably choose to use Fiat as a medium of exchange, and keep the bitcoins I own.

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May 20, 2024, 10:58:49 AM
 #44

It just get to know that some shops now accept BTC as exchange, that is very good Bitcoin is making progress, after some years now Bitcoin will shock the world, with the way things are going now.
Some years ago Laszlo hanyecz who is a Bitcoiner bought two pizza for some amount with bitcoin. I don't think it is a new occurrence for shops that accept Bitcoin as payment. I know haven't seen many shops that accepts bitcoin as payment,  but I know their so many shops that accept it as payment and If i come across anyone right now I won't be surprised because I know bitcoin has gotten awareness that people can use it for transactions to purchase things.  Bitcoin use to buy things is one of the qualities Bitcoin have  as currency.  For sometimes now the transaction fees of bitcoin have been high but I don't think this will be a reason for some people not to use bitcoin to acquire the things they want. 

Bitcoin us getting more awareness,  don't be be surprised to see bitcoin accept in big organisations as a means for payment for goods and services,  just know bitcoin is serving its purpose as a digital currency.

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May 20, 2024, 11:16:22 AM
 #45

It just get to know that some shops now accept BTC as exchange, that is very good Bitcoin is making progress, after some years now Bitcoin will shock the world, with the way things are going now.
I can imagine how excited this has made you, giving you a kind of reassurance that what you're investing in is actually something that is becoming global. For many of us on the other side of the world, this is not new.

Some of the shops accepting BTC in some countries do it just for clout-chasing, just to attract young customers like you to their shop.
Even though he didn't say that he invests in Bitcoin but the tone of his statement alone can make us guess that he might be investing with it and even though there are lots of positive things that have occurred in Bitcoin, I think it is still not safe to say that it can give us an assurance.

At the end of the day, Bitcoin is still a kind of investment and any investment has their own risks. There are people like that who clout-chase. It is inappropriate but let's admit it that we can also benefit with it sometimes. In the case of Bitcoin, it is not just a quick hype but it remains. This is great because it means that we can now also use it for a very long time. 

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May 20, 2024, 01:58:18 PM
 #46

It just get to know that some shops now accept BTC as exchange, that is very good Bitcoin is making progress, after some years now Bitcoin will shock the world, with the way things are going now.
It would have been nice you give more details that will enable people patronise such shops if in their cities. There are a couple of businesses in my city that also accept Bitcoin, from salon to laundry services.  I have patronised some of them in the past when transaction fee was in cents but when it became too high, I was discouraged from using Bitcoin for such services that the transaction fee is even higher than the fee for the services,  what's the point?

I know the beauty of Bitcoin is when it makes life easy especially for the ordinary and reasonable percentage of humanity and not just a few. So, I always encourage innovations that helps Bitcoin make direct impact in the lives of people.

R


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May 20, 2024, 03:48:55 PM
 #47

It just get to know that some shops now accept BTC as exchange, that is very good Bitcoin is making progress, after some years now Bitcoin will shock the world, with the way things are going now.
In the Philippines there was a movement a few years ago aiming to make Boracay, arguably one of the most famous places in the country, a crypto paradise, all of a sudden stalls registered for businesses are obliged to accept crypto payments in the form of bitcoin, and a lot of events were held up to really sell the idea of Boracay being a crypto paradise in the Philippines. Nowadays there's only a few of them left, and the whole place itself seemed to have let go of the idea of bitcoin and crypto currency as a whole, since no events are being held anymore, and no movement/activities were made in the past few years to really sell this idea.

Goes to show that you can be crypto-friendly all you like, but you gotta sell the idea to the businesses and the people who will buy from you as well. Could also be the case that since there's only 5% of the population globally that's into crypto, the idea of a largely crypto-centric paradise still doesn't sell itself.

IDK though, but one thing's for sure, crypto still has ways to go when it comes to becoming widely-accepted, we're on that trend though, so that's one good thing.

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GbitG
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May 20, 2024, 05:32:22 PM
 #48

I don't know what country you're from but in my country Nigeria, I have seen a lot of threads that shows that bitcoin is accepted as means of payments in different high firms in the country and other local shops. I can attest to it that I have seen a furniture shop that accepts bitcoin in my city.

So you will have to find out how far bitcoin has gone, sooner buddy! Before it has a big community like this forum you should know it's not kidding right?
Yeah obviously there is no doubt that Bitcoin has become much greater than before, and there is way more recognition and acceptance for it around the world than a few years back, but that isn't the case with every country. There are countries where a large percentage of the population doesn't even know what Bitcoin is, so there is no way shops or businesses are going to accept cryptocurrencies as payment very soon.

So there is still a long way for Bitcoin to go for it to become a globally accepted payment method that can be used by people from all countries to make payments for the goods and services they consume when they go outside. It will probably take a few more decades for that to happen, and I hope we can stay alive to witness that.

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zarzolirte
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May 20, 2024, 09:56:34 PM
 #49

Thailand, pattaya etc is a heaven when it comes to shops accepting it right? plan to visit it soon.
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Today at 08:30:02 AM
 #50

So you will have to find out how far bitcoin has gone, sooner buddy! Before it has a big community like this forum you should know it's not kidding right?
It can certainly shock someone especially someone who was kind of out of the news or just someone not as updated about current innovations to see how Bitcoin has taken the world by storm.

There was a time where bitcoin or digital currency was considered a scam back then so to see how far it has come now to the point of not only using it for investment purposes but also using it as a daily method of payment. We are about to see more of that in later years.

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