Accepting Bitcoin as a Small Business – 4 Years In, No Customers

Post by jfk13 » Fri, Mar 01, 2019, 4:34 PM UTC

short_sells_poo wrote: post #50

ecwilson wrote: post #42

Earlier quoted context omitted.

Depends on the industry. For very large transactions, like if you are paying a home improvement contractor for something, they will often make you eat the fees if you want to pay with a credit card. So you end up having to figure out where your checkbook is (probably collecting dust in a box somewhere). I give Bitcoin and LN a continuous pass on UX for now. We're in the infrastructure phase -- growing trust and impro…

> So you end up having to figure out where your checkbook is (probably collecting dust in a box somewhere). Are you based in the US? Because almost everywhere else in the world when you say checkbook, people picture movies from the 1970s. When paying a home improvement contractor, they send me an invoice where they have an IBAN. I point my banks app at it, it pops up a screen where I just type in the amount that I wi…

Post by tim333 » Fri, Mar 01, 2019, 4:36 PM UTC

joshstrange wrote: post #10

It's about time we admit the emperor has no clothes. BTC/ETH/XYY/123 can store value (I don't care to get into the fluctuations right now) and moving it around can be a lot easier than outdated systems like ACH but they are terrible for paying for things. Maybe something like the lightning network or similar will be able to solve part of that but accepting BTC has always been more of a fad/PR-move than an actual busi…

Post by spectramax » Fri, Mar 01, 2019, 4:42 PM UTC

AnIdiotOnTheNet wrote: post #90

spectramax wrote: post #83

Earlier quoted context omitted.

> See, neither of these things can be presented to a user as a tool that can make their lives better Did you read the article? Quoting: "In 2014 a large school of thought suggested that the main breakthrough use case for Bitcoin would be peer to peer transactions. That being customers and businesses paying for goods and services directly between one another without having to rely on payment networks such as Visa." Th…

> That being customers and businesses paying for goods and services directly between one another without having to rely on payment networks such as Visa. We already have cash for that! It completely ignores the reasons why people use payment networks like Visa instead of just exchanging cash. There are fraud protections, credit, reward points, etc. What bitcoin brings to the table is simply not something very many pe…

Post by mikeash » Fri, Mar 01, 2019, 4:48 PM UTC

beatgammit wrote: post #65

root_axis wrote: post #40

Earlier quoted context omitted.

It's worse than that; there is no compelling reason to use it for the vast majority of people. It's a strictly worse experience in nearly all respects compared to centralized options except in the case of dark net commerce where it's the only option.

It could be easier for tourism, online transactions, and person to person transactions. However, it's not, largely because of a chicken and egg problem similar to that which plagues Linux. People don't use Bitcoin because it's complicated and unstable. It's complicated and unstable because the types of people that use it want to speculate with it or use it for illegal purposes. Just making it more approachable won't…

Post by IAmEveryone » Fri, Mar 01, 2019, 4:51 PM UTC