BitcoinJungle on Nostr: Asking merchants to offer a 20% discount on sales just because the customer paid with ...
Asking merchants to offer a 20% discount on sales just because the customer paid with Bitcoin hurts adoption, not helps. The fastest way to get merchants to accept Bitcoin is to make it cheaper, faster & more convenient than existing payment methods. To convince a merchant to offer a 20% discount means you have to convince them that this bitcoin is worth 20% more than the going market rate. That takes time.
Published at
2023-07-12 14:26:48Event JSON
{
"id": "13cd199f45374323f240cfaa3bd47af12e499876bad4e3c6082b50932421ced5",
"pubkey": "aa55a479ad6934d0fd78f3dbd88515cd1ca0d7a110812e711380d59df7598935",
"created_at": 1689172008,
"kind": 1,
"tags": [
[
"e",
"c75c83e35ea3346a66fdfde8a4eb57e7af2065d42c4b2f76c3c3e89b79ac4252",
""
],
[
"e",
"a9658ba306b3192c18f0ec3388fdb7dc07c3b8fb02913ef5632da5bd38d53809"
],
[
"p",
"a233db1f69278ee89fa74b7442aef21bafbad60ddb923e7285ecb9cd7384275e"
]
],
"content": "Asking merchants to offer a 20% discount on sales just because the customer paid with Bitcoin hurts adoption, not helps. The fastest way to get merchants to accept Bitcoin is to make it cheaper, faster \u0026 more convenient than existing payment methods. To convince a merchant to offer a 20% discount means you have to convince them that this bitcoin is worth 20% more than the going market rate. That takes time.",
"sig": "73b54fe9546a1f0b70dd06fed0b2f8738056ca60718d266782400f6debe7db5275cb211c1717fe6eb08cc880f04021fff4a84b678305e361e22c49966caf8567"
}
