I often hear people say "Bitcoin is not backed by anything... therefore it has no value", but they are wrong: Bitcoin is backed by the monetisation of proof of work.
When people don't understand something they often chose to try ignore it. Then re-enforce their justification for that choice.
Topic: 2013-11-06 readwrite: Why Small Businesses Have The Most To Gain From Bitcoin (Read 559 times)
November 06, 2013, 08:32:25 PM
November 06, 2013, 02:07:42 PM
“Bitcoin can be cheaper and faster over commercial payments than PayPal. It’s cheaper than Visa or MasterCard. If you’re a small business merchant and want to accept electronic payments, you first have to apply to join the network—and yes, there’s an application fee. If you get accepted, each swipe of any credit card you take costs you 0.25 cents. In addition, you have to return three to six percent of the sales total to the credit card company. That’s a lot off the bottom line, especially for a small business.
“With Bitcoin, you don’t need permission to start accepting it. And fees [which go to Bitcoin miners, to help run the network] are less than one percent.”
...
“Bitcoin can be sent to your wallet basically instantaneously, no holds, no fees.”
“With Bitcoin, you don’t need permission to start accepting it. And fees [which go to Bitcoin miners, to help run the network] are less than one percent.”
...
“Bitcoin can be sent to your wallet basically instantaneously, no holds, no fees.”
November 06, 2013, 10:29:17 AM
http://readwrite.com/2013/11/06/why-small-businesses-have-the-most-to-gain-from-bitcoin
Informed and level-headed article, overall tone is positive, just more of the same details regarding small businesses.
Initially found on Flipboard, a mobile news feed app.
Informed and level-headed article, overall tone is positive, just more of the same details regarding small businesses.
Initially found on Flipboard, a mobile news feed app.
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