nilskp on Nostr: It's a chicken/egg problem. Merchants should be all over this, due to irreversibility ...
It's a chicken/egg problem. Merchants should be all over this, due to irreversibility and low fees, but no one takes Bitcoin seriously. It's just a volatile asset in most people's minds. And as a consumer I like that I can reverse a transaction if the merchant doesn't deliver what was promised, and the 1-3% cash back doesn't hurt either.
We're fighting an entrenched legacy system, and until enough people are denied access, it's an uphill battle.
That's why the developing world will embrace this before the developed world.
Published at
2023-09-09 13:49:59Event JSON
{
"id": "3953666c2acea83e2a10ad7f3917f134e234a608136956b5869c397558558195",
"pubkey": "730dbcc90943bf184a7135091f8b46b9dba4bcf7314d05afdea01404d62f8d96",
"created_at": 1694267399,
"kind": 1,
"tags": [
[
"e",
"fc1a959dd33efdc66a3f3ce5e6f2a1a5f78bad2dc0cc76fcaca2a3e53d12e69e",
"",
"reply"
],
[
"p",
"84dee6e676e5bb67b4ad4e042cf70cbd8681155db535942fcc6a0533858a7240"
],
[
"content-warning",
""
]
],
"content": "It's a chicken/egg problem. Merchants should be all over this, due to irreversibility and low fees, but no one takes Bitcoin seriously. It's just a volatile asset in most people's minds. And as a consumer I like that I can reverse a transaction if the merchant doesn't deliver what was promised, and the 1-3% cash back doesn't hurt either.\nWe're fighting an entrenched legacy system, and until enough people are denied access, it's an uphill battle.\nThat's why the developing world will embrace this before the developed world. ",
"sig": "4844ce7ffd78d65ec1b7e56875192d69970cc238e35c9398a55caae4861e8c8d717539d2d185f4eb1dd96465fd610062c83b1b1f6345dc13cb5502dba0ede69e"
}
