SweetSats on Nostr: Honestly, adoption and getting people interested in Bitcoin IRL is really tough! Even ...
Honestly, adoption and getting people interested in Bitcoin IRL is really tough! Even once people eventually discover Bitcoin, getting them to move from Store of Value to Medium of Exchange is another challenge! Most don’t want to part with their sats, and imo this is a really big barrier to real world merchant adoption on a larger scale. As a comparison: our farm has accepted Bitcoin IRL for 3-4 years now, at our farmstand, on our website, farmer’s markets, etc and have prominently displayed Bitcoin Preferred signs and always offered 10-20% discount for paying in Bitcoin AND charge an extra 3.5% processing fee for credit card transactions– but in four years we have only rarely had people pay us in sats instead of grabbing the credit card. It’s what they know, and it’s all about convenience.
Good luck in your endeavors! Will try to keep an eye on developments. Feel free to DM if you need any advice along the way!
Published at
2024-08-21 18:55:32Event JSON
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"content": "Honestly, adoption and getting people interested in Bitcoin IRL is really tough! Even once people eventually discover Bitcoin, getting them to move from Store of Value to Medium of Exchange is another challenge! Most don’t want to part with their sats, and imo this is a really big barrier to real world merchant adoption on a larger scale. As a comparison: our farm has accepted Bitcoin IRL for 3-4 years now, at our farmstand, on our website, farmer’s markets, etc and have prominently displayed Bitcoin Preferred signs and always offered 10-20% discount for paying in Bitcoin AND charge an extra 3.5% processing fee for credit card transactions– but in four years we have only rarely had people pay us in sats instead of grabbing the credit card. It’s what they know, and it’s all about convenience.\n\nGood luck in your endeavors! Will try to keep an eye on developments. Feel free to DM if you need any advice along the way!",
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