techfeudalist on Nostr: I’ve come to terms with the fact that most customers will prefer to use fiat for ...

I’ve come to terms with the fact that most customers will prefer to use fiat for payments.

It’s Gresham’s Law… customers will always prefer to spend their devaluing currencies first.

I think that Bitcoin won’t start gaining mainstream traction for payments until sellers refuse payment in anything but bitcoin (Thiers Law).

I’m assuming bitcoin stays at the store of value stage for a while. We still have a long way to go in this stage (ie culminating in the global reserve asset).