This is the only way you are going to convince anyone to pay with Bitcoin, myself included.
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At the VERY least they need to discount whatever credit card processing fees theyβre saving.
Yup.
We had interesting experiences in Vietnam where everything is in cash, but the occasional merchant would accept Visa. In all cases, the merchant would apologetically inform us that they would have to add a 3% processing fee to our bill..
Exactly. Better yet: just increase the exchange rate for the customer to effectuate a discount.
As a bitcoiner who probably has a good idea that the exchange rate has been hovering around 104K, imagine a coffee shop offering you 107K to spend your sats instead of dollars. You check your phone to confirm: hell ya, that's a good rate right now. If that's me, I'm choosing to spend sats; and more importantly, I'm making that my new go-to coffee shop.
As a bitcoin earner I'm happy to not have to go through fiat to be able to spend my sats. Currently I do earn 2% selling sats for fiat but it's usually 0%.
And then there's the idealist in me, so I pay a small markup to reward merchants for building out the circular economy.
Those preferring to pay with all-kyc-cards are the problem. They might claim to be against CBDCs but they pave the road for this surveillance nightmare. Pay cash. Pay sats.
Credit cards are CBDC's with rewards points. Debit cards are CBDC's without the credit score .
I use them when I need to, but try to avoid them as much as I can. It's crazy to me that so many businesses won't even take cash paper money anymore.
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I GIVE A 50/50 SPLIT OF ANY βFIATβ APPRECIATION IN THE ORIGINAL βFIATβ VALUE OF THE BITCOIN PAID TO ME FOR UP TO 6 MONTHS AFTER THE TXβ¦ALL AT THE CUSTOMERS TIME!!!
INCENTIVES MUST BE BETTER ALIGNED WITH THE PROTOCOL
For reals...
You're supposed to hoard good money and spend the bad money
Exactly. Until the discount is such that you are motivated to spend the good money. This is exactly how the banking system worked until central banks came into the picture. Youβd spend the sketchy notes as fast as possible, until the discount rate was back at zero. It self-regulated quite well.
which is also why, although we should be doing what we can to build up the use of bitcoin/ln for payment, ultimately more important that we hodl it so we don't lose the value of our savings.
so, anyone telling you you have to spend it, is just fuckin retarded. mind your own fucking business, is my response to all the moralizing and prescription of influencoors whose ulterior motives are obviously not aligned with their claims.
I have 4 years of 1st hand evidence that this is not the case.
It's okay if you don't want to spend Bitcoin, others do.
If you want to vote with your money to make a better world, spending your Bitcoin at businesses that value it is the most powerful. Spending your dollars at these places still makes a massive difference, but it ranks lower.
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It should be 10% extra if you pay with fiat. Perception matters, ypu charge more for the shitty money that loses value, not less for the good money you want.
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that's not true, I've spent it in the past to support the network regardless of the Bitcoin price
The only time they will be convinced is when the vendor demands Bitcoin and doesn't accept anything else
"anyone"*
*not counting all the people that have already and will continue to
NGMI. Just keep supporting the fiat system then π€·ββοΈ
Maple has a plan that is only possible with Bitcoin as a payment. We have plenty of signups for it.
I thought this as well then Iβve been buying burgers with sats and they keep getting cheaper so thereβs that
When you truly understand Bitcoin, you'll live in abundance and share Bitcoin freely with the payee.
It only makes sense to pass along the savings from not using a VISA MC to the consumer.
This is the way!
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