Why would you think that?
I think merchant adoption has been stellar, if you consider the vol we have had
My complaint is not with the number of merchants accepting bitcoin, but with their failure to capitalize on its use. Bitcoin provides cost savings to merchants who accept it in the form of lower fees and costs associated with other forms of payment (bounced check fees, arguing chargebacks, hiring armored cars to carry away cash, and so on).
Consumers like me get rebates and points and so forth using other payment systems like credit cards. So we need an incentive to switch to bitcoin. Since the merchants are indirectly paying for my rebates/points/etc with the fees they pay to financial middlemen, it makes sense for them to offer a discount to consumers paying with bitcoin. They should be able to hit a sweet spot where the discount is less than the amount they are saving, but more than we consumers can get using alternate forms of payment.
Do that and bitcoin use will explode.
