optout on Nostr: I share some thoughts on accepting bitcoin. I like to pay for things in bitcoin, I ...
I share some thoughts on accepting bitcoin.
I like to pay for things in bitcoin, I always prefer the shops that accept bitcoin, I think circular economy is important. Yet I think it's not the most important goal.
Why?
Bitcoin is both a savings and a payment tool. As a savings tool, it has NO ALTERNATIVE for me. As a payment tool, I can use alternatives (even if I don't like them). I know that there are many groups of people who can't, but must of us can.
Therefore being a savings tool is a more important feature of bitcoin. We should work towards making bitcoin savings accessible to more and more people: educate and provide tools.
I also gave some thought on who is willing most to pay with bitcoin for things, and who is more likely to accept bitcoin.
The most likely to want to pay using bitcoin is someone who:
- knows about bitcoin
-- has some bitcoin savings
--- has some bitcoin income
The most likely to want to accept payments in bitcoin is someone who:
- knows about bitcoin
-- has some bitcoin savings, and wants to expand the savings
The basis for bitcoin circular economy are all the people who want to save in bitcoin. By working towards enabling more and more people to do so, the wish for bitcoin payments will grow organically (and mostly from the merchants' side).
Orangepilling your corner coffeeshop or gym is nice, but it I think it's more important to orange pill your friends to buy bitcoin. The rest will follow, gradually then suddenly.
I like to pay for things in bitcoin, I always prefer the shops that accept bitcoin, I think circular economy is important. Yet I think it's not the most important goal.
Why?
Bitcoin is both a savings and a payment tool. As a savings tool, it has NO ALTERNATIVE for me. As a payment tool, I can use alternatives (even if I don't like them). I know that there are many groups of people who can't, but must of us can.
Therefore being a savings tool is a more important feature of bitcoin. We should work towards making bitcoin savings accessible to more and more people: educate and provide tools.
I also gave some thought on who is willing most to pay with bitcoin for things, and who is more likely to accept bitcoin.
The most likely to want to pay using bitcoin is someone who:
- knows about bitcoin
-- has some bitcoin savings
--- has some bitcoin income
The most likely to want to accept payments in bitcoin is someone who:
- knows about bitcoin
-- has some bitcoin savings, and wants to expand the savings
The basis for bitcoin circular economy are all the people who want to save in bitcoin. By working towards enabling more and more people to do so, the wish for bitcoin payments will grow organically (and mostly from the merchants' side).
Orangepilling your corner coffeeshop or gym is nice, but it I think it's more important to orange pill your friends to buy bitcoin. The rest will follow, gradually then suddenly.