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Topic: Does BitSpend eliminate the need for converting merchants to Bitcoin? - page 2. (Read 2254 times)

legendary
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Viva Ut Vivas
Initially there was a chicken and egg thing. People were not spending bitcoins because there were no merchants to spend their bitcoins at. Merchants were not accepting bitcoins because people were not spending bitcoins.

Now BitSpend comes out and allows you to spend bitcoins on anything on the Internet. For me, I used to go search for Bitcoin merchants before I purchased something online. Now I just go search for the best deal online and buy it through BitSpend.

In theory, as long as MtGox will exchange my government currency for bitcoins and BitSpend will convert my bitcoins for products, and miners mine to keep Bitcoin going, then Bitcoin can be used as a currency.

Sure, it would be nice for the Bitcoin economy if the consumer and merchant used bitcoins, but as a consumer, I get what I need out of the deal.

The fee to use BitSpend is certainly not ideal, but they will be coming out with a $5/month subscription service to use it which is quite fair.

So, can we stop worrying about "X company now accepts Bitcoin!", since pretty much every company on the Internet now accepts Bitcoin?
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