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Author Topic: What businesses does Bitcoin need?  (Read 1625 times)
franky1
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August 10, 2014, 04:39:00 PM
 #21

Any, but I want to see is small discounts for paying with bitcoin. As it is now, I will still use credit cards wherever I can for the 1%-5% cash back. Given the low transaction fees, irreversability, and lack of account fraud, a btc discount should be a no-brainer.

id say when a merchant first adopts bitcoin they wont instantly give discounts, they would while dipping their toe in the water ensure the $10 customer purchase, ensures they get $10 in the merchants bank account. i would say later once the merchant has fully grasped bitcoin and started to keep 'profits' (after restock/wages) as bitcoin, then the merchants could offer discounts. thats if any only if they were to be bitcoin investors.

but keep in mind. merchants have costs they have to cover that same week(stock/building rent/wages), so dont expect merchants to offer discounts because you think merchants will hoard coins for months, purely to break even.. merchants are not in the investment business, they are in the retail business. so dont expect discounts to be an expected standard.
and also the 'bitcoiner' consumer is usually the investor so the consumer has normally already made profit from their hoard so most mom and pop stores and small businesses will just think the consumers are being greedy.

after all if you bought bitcoin last week at $550 for 1btc. and you want to buy a $550 laptop this week. you only need to spend 0.92btc. so without a merchant having to discount anything. the consumer gets a laptop and still has 0.08btc funds left over, purely due to the exchange rate price change.

in short.
the deflationary nature of bitcoin itself is the 2% "cashback", without even having to demand a discount from merchants

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August 10, 2014, 04:45:08 PM
 #22

Any, but I want to see is small discounts for paying with bitcoin. As it is now, I will still use credit cards wherever I can for the 1%-5% cash back. Given the low transaction fees, irreversability, and lack of account fraud, a btc discount should be a no-brainer.
I agree, if a bank is offering cash back for using their credit card then it makes more sense to use a credit card for the cash back and the consumer protections. The amount you earn from the cash back ultimately comes from the merchant, so if they can offer a payment method that does not include these costs they might as well offer some kind of discount to entice people to use it.
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August 10, 2014, 04:50:06 PM
 #23

More travel type of businesses. Currency exchange rates when traveling international are a rip off. Bit coin could make that easy and seamless. Popular destinations would probably see a lot more bit coin retailers popping up as well.

Yea I agree with that. Would be great to book a holiday with flights and accomodation included.
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August 10, 2014, 04:53:41 PM
 #24

I've always wondered what businesses would benefit Bitcoin hugely. We have a few websites which offer to buy from any website for example which have helped Bitcoin massively. but what other businesses are needed which are non existent in the Bitcoin world?

Bitcoin really needs some more honest and easy to use escrow services that don't only rely on this forum and the trust you can earn here. It needs to be available to everyone on the Web using Bitcoin, man. You could charge a small percentage!

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August 10, 2014, 04:57:27 PM
 #25

I've always wondered what businesses would benefit Bitcoin hugely. We have a few websites which offer to buy from any website for example which have helped Bitcoin massively. but what other businesses are needed which are non existent in the Bitcoin world?

Bitcoin really needs some more honest and easy to use escrow services that don't only rely on this forum and the trust you can earn here. It needs to be available to everyone on the Web using Bitcoin, man. You could charge a small percentage!

I think there is some sites and services like that, though what makes you think they would be any more trustworthy than this forum? I'd rather use a trusted escrower here to be honest.
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August 10, 2014, 04:59:39 PM
 #26

I've always wondered what businesses would benefit Bitcoin hugely. We have a few websites which offer to buy from any website for example which have helped Bitcoin massively. but what other businesses are needed which are non existent in the Bitcoin world?

Bitcoin really needs some more honest and easy to use escrow services that don't only rely on this forum and the trust you can earn here. It needs to be available to everyone on the Web using Bitcoin, man. You could charge a small percentage!

I think there is some sites and services like that, though what makes you think they would be any more trustworthy than this forum? I'd rather use a trusted escrower here to be honest.
Yeah they first need to build up that trust, that's for sure! What sited are you talking about? I don't know any of those! If they build up a big company people will be more likely to trust them!

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August 10, 2014, 05:02:09 PM
 #27

I've always wondered what businesses would benefit Bitcoin hugely. We have a few websites which offer to buy from any website for example which have helped Bitcoin massively. but what other businesses are needed which are non existent in the Bitcoin world?

Bitcoin really needs some more honest and easy to use escrow services that don't only rely on this forum and the trust you can earn here. It needs to be available to everyone on the Web using Bitcoin, man. You could charge a small percentage!

I think there is some sites and services like that, though what makes you think they would be any more trustworthy than this forum? I'd rather use a trusted escrower here to be honest.
Yeah they first need to build up that trust, that's for sure! What sited are you talking about? I don't know any of those! If they build up a big company people will be more likely to trust them!

Just google them. I've seen a few like http://btcrow.com/ though I cannot vouch for it or any others but check them out for yourself.
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August 12, 2014, 08:38:52 PM
 #28

All businesses would benefit from accepting bitcoin which is why I am unsure as to why so many more businesses are not taking that on board. If anything I think it would be great to see retail businesses accept bitcoin more. Retail businesses are probably the most popular so seeing these accept bitcoins more may get bitcoin out there a bit more and allow people to become more interested if they wish to.
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August 12, 2014, 10:36:15 PM
 #29

I think bitcoin community should crowdfunding more! Imagination people!

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August 12, 2014, 10:45:21 PM
 #30

I've always wondered what businesses would benefit Bitcoin hugely. We have a few websites which offer to buy from any website for example which have helped Bitcoin massively. but what other businesses are needed which are non existent in the Bitcoin world?

parking meters / parking systems ... imagine just having a wallet card that u put on the dash, or still use the ticket print out.
vending machines at major event places
metro public transportation
taxis
concert venues
fair grounds

the most logical next step is to attack points where cash / change are a problem or micro transactions that are cost prohibitive with CC.

merchants who embrace reward systems and customer tracking , could base anything off a wallet.

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August 13, 2014, 05:24:42 AM
 #31

I'd like to see a gas station accepting Bitcoin. If there was one in my area I'd absolutely use it.

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August 13, 2014, 05:34:05 AM
 #32

Wow.   Parking meters?   Gas stations?

Bitcoin needs a remittances network.  Worldwide.  

One with contracts with 711's around the world, so that even in a village in remote Thailand, someone can withdraw cash sent to them in Bitcoin.  

Bitcoin's true purpose defined in Satoshi's message on the Genesis Block:
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
View it on the Blockchain | Genesis Block Newspaper Copies
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August 13, 2014, 05:52:53 AM
 #33

The single business imo that would push the price of BTC through the roof, would be the business that could convert gold investors into BTC investors.

Someone actively working in that Sphere, would have a dramatic impact on BTC But for that to happen, people invested in gold, would have to see the store value in BTC and sell their gold and buy BTC

Recently it would not be a good investment, because the price is stagnated around $500 to $600 and it's not showing upward movement.

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August 13, 2014, 05:57:09 AM
 #34

All sorts of businesses....Bitcoin is a currency and currencies should be used everywhere.

If you're asking which ones would benefit Bitcoin more than others I would say the online retailers & sales directories such as ebay.
All sorts of businesses of course.
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August 13, 2014, 07:07:49 AM
 #35

traveling business is good for bitcoin.

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August 13, 2014, 08:58:09 AM
 #36

Just need more retail giant to accept bitcoin.

There is already infrastructure in place to process any payment.
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August 13, 2014, 12:19:53 PM
 #37

We need much more retail-buss that will access btc
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August 13, 2014, 01:34:34 PM
 #38

if you mean which companies need to get on board to help push adoption, then IMHO proper ATMs which let the lazy ass Joe Publics get BTC quick and easy. Going through the security stuff with the exchanges just puts people off, and while the avg chap on the street doesnt own BTC then many businesses wont bother looking into it. I know getoknowurcustomer is a thing to stop laundering, but ATMs could have purchase limits of 100$ before asking for ID or something. we just need to get a lot of ppl to buy $5 worth each and were away.

After that Id say proper PR and marketing companies need to jump in and start putting ads on TV et al (while BTC is not a sponsor of these media outlets, then it will remain a 'headline scare panic' story it is now).

If you mean which companies should adopt BTC? Then charities, they would benefit more than anyone: they could quickly get money in emergencies, people would be far more likely to send $1 by sharing a hashtag than going through the BS they have now (separate website, enter visa info, $5min to cover charges etc). All they would need to do is share pictures of kids dieing over FB with a donate hashtag attached and they would get loads more than the current channels. Cant really see why they didnt do this already. http://www.coindesk.com/changetip-brings-bitcoin-micropayments-youtube-tumblr/

beyond this, I think a company that makes it easy for ppl to buy BTC in places like Africa where they would really benefit from it. I have no idea how the average person in Botswana or Uganda are supposed to buy BTC right now... 37coins would work well there, but they need to be able to buy them first!

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August 13, 2014, 02:05:41 PM
 #39

I think that it will be great if some ''big'' global companies as Google, Microsoft and others accept bitcoin first.
This will help Bitcoin become mainstream and after that many small merchants will follow and accept bitoin to Smiley

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