I also run a small clothing business. We have received about bitcoin 6 sales over 5 years. Only 1 was offline though.
Bitcoin is too valuable to spent. Hopefully something like Grin or Dai will make more sense for spending day-to-day.
Accepting Bitcoin as a Small Business – 4 Years In, No Customers
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Re: Accepting Bitcoin as a Small Business – 4 Years In, No Customers
#22Bitcoin has the same sort of issues that plague Linux Desktop and why Linux never took off as the defacto standard for PC OS. It’s the lack of user focus. Setting up a bitcoin account, understanding the security implications, hardware wallet, secret keys, the whole enchilada is too big for an average consumer to digest. Somewhere in Jobs’ biography by Walter Isaacson, there is a snippet about how products often fail…
Yet today, half the world with computer access uses Linux, directly. And the entire world uses it indirectly.
Re: Accepting Bitcoin as a Small Business – 4 Years In, No Customers
#23I personally never got into, because it's not private. No regular person can verify their transactions without joining a public vehicle that requires a credit card . Even bitcoin atms require a photograph of your face. Mining is a huge loss of value. Bitcoin itself was simply never a good idea for most people.
You can verify your transactions on many websites like https://blockchain.info/ ...
You can buy semi-anonymously in-person using something like localbitcoins.com
Re: Accepting Bitcoin as a Small Business – 4 Years In, No Customers
#24Well bitcoin is better for store of value, just use a CC for spending - more protection.
The only value Bitcoin has is group consensus. If nobody has a need to use it, the values of otherwise-meaningless numbers will trend to zero.
Literally true for every currency at some level. I suppose you could use a greenback as very poor toilet paper.
Re: Accepting Bitcoin as a Small Business – 4 Years In, No Customers
#25Bitcoin has the same sort of issues that plague Linux Desktop and why Linux never took off as the defacto standard for PC OS. It’s the lack of user focus. Setting up a bitcoin account, understanding the security implications, hardware wallet, secret keys, the whole enchilada is too big for an average consumer to digest. Somewhere in Jobs’ biography by Walter Isaacson, there is a snippet about how products often fail…
Yet today, half the world with computer access uses Linux, directly. And the entire world uses it indirectly.
But ~0% of them know or care that they use Linux, it's either is a functional device for them or has a rebranded OS (Android)
Re: Accepting Bitcoin as a Small Business – 4 Years In, No Customers
#26Bitcoin has the same sort of issues that plague Linux Desktop and why Linux never took off as the defacto standard for PC OS. It’s the lack of user focus. Setting up a bitcoin account, understanding the security implications, hardware wallet, secret keys, the whole enchilada is too big for an average consumer to digest. Somewhere in Jobs’ biography by Walter Isaacson, there is a snippet about how products often fail…
Yet today, half the world with computer access uses Linux, directly. And the entire world uses it indirectly.
Nobody is disputing that Linux became an overwhelming success.
spectramax was comparing it to Linux on the desktop (which never really became mainstream).
Re: Accepting Bitcoin as a Small Business – 4 Years In, No Customers
#27Bitcoin has the same sort of issues that plague Linux Desktop and why Linux never took off as the defacto standard for PC OS. It’s the lack of user focus. Setting up a bitcoin account, understanding the security implications, hardware wallet, secret keys, the whole enchilada is too big for an average consumer to digest. Somewhere in Jobs’ biography by Walter Isaacson, there is a snippet about how products often fail…
Yet today, half the world with computer access uses Linux, directly. And the entire world uses it indirectly.
It's branding, it's more about perception than raw usage statistics.
I wouldn't call my Android phone or smart TV a Linux box, and when I browse a website there's no "served by Linux" logo :) end users simply have no idea nor care about any of this.
Re: Accepting Bitcoin as a Small Business – 4 Years In, No Customers
#28I find accepting it & having to pay US taxes to be a pain unless I convert it into USD immediately. Otherwise I have to use special software to figure out the USD price at the time of receipt & then the USD price at the time of conversion into anything else.
I would imagine for large businesses this probably isn't to big of a concern. I also wonder if they could get away with making significant amounts of money by picking the price highs & lows of the day of receipt and day of conversion to USD when reporting taxes.
On the consumer side, I can't imagine keeping track of BTC prices to pay for stuff if I used it as an every day form of currency. I would need special software to help me file taxes. It would need to keep track of every purchase of BTC and then the price of BTC/USD whenever I purchased something. To me this is a huge issue & would create a giant spreadsheet to turn in with my taxes. On the bright side, if more people did this maybe we would have different tax laws regarding cryptocurrencies in the US.
Re: Accepting Bitcoin as a Small Business – 4 Years In, No Customers
#29I personally never got into, because it's not private. No regular person can verify their transactions without joining a public vehicle that requires a credit card . Even bitcoin atms require a photograph of your face. Mining is a huge loss of value. Bitcoin itself was simply never a good idea for most people.
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Re: Accepting Bitcoin as a Small Business – 4 Years In, No Customers
#30of course who use those memecoins anyway