This conversation of yours with a store owner who is very optimistic about bitcoin or cryptocurrency was so inspiring, it is amazing to know that even the government in your country were not yet allowing the use of bitcoin but also not considered as not legal but here there is these kind of small store owner that willing to adopt the fast changing technology. It's amazing to know that these kind of small business owner were also capable of adopting the digital finance and this is probably one of the good result of having bitcoin circulating in economy of one country.
Topic: Interview session with store owner accepting bitcoin... (Read 409 times)
This conversation of yours with a store owner who is very optimistic about bitcoin or cryptocurrency was so inspiring, it is amazing to know that even the government in your country were not yet allowing the use of bitcoin but also not considered as not legal but here there is these kind of small store owner that willing to adopt the fast changing technology. It's amazing to know that these kind of small business owner were also capable of adopting the digital finance and this is probably one of the good result of having bitcoin circulating in economy of one country.
Thanks to all of you for your great response and liking this interview session.It was totally unexpected for me also as it was just a normal day for me and wasn't expecting such a meeting with bitcoin enthusiast who is optimistic like all of us and free from any issues and happy to accept Bitcoin payments.
To answer some of your above questions I belong to an Asian metropolitan city with a population of around 8 Million and not many stores are accepting bitcoin around us as btc is not legal but it's also not ban which means you can trade in it.The store owner usually convert his btc holding to fiat by selling it on P2P basis locally or sell them other ways he find suitable and have cash in his account.The taxation system are like any gains for bitcoin are termed under income from capital gains but seeing his starting base he would not come under tax slab and even if he comes he don't find any problem to it.Rest some privacy is also needed but will try to visit him frequently and whenever i visit him again and buy groceries from him i will try to paste the transaction here for all of you.
It was great experience meeting him and hope to see more stores follow him the same way and bitcoin becomes normal for payment.
To answer some of your above questions I belong to an Asian metropolitan city with a population of around 8 Million and not many stores are accepting bitcoin around us as btc is not legal but it's also not ban which means you can trade in it.The store owner usually convert his btc holding to fiat by selling it on P2P basis locally or sell them other ways he find suitable and have cash in his account.The taxation system are like any gains for bitcoin are termed under income from capital gains but seeing his starting base he would not come under tax slab and even if he comes he don't find any problem to it.Rest some privacy is also needed but will try to visit him frequently and whenever i visit him again and buy groceries from him i will try to paste the transaction here for all of you.
It was great experience meeting him and hope to see more stores follow him the same way and bitcoin becomes normal for payment.
This conversation of yours with a store owner who is very optimistic about bitcoin or cryptocurrency was so inspiring, it is amazing to know that even the government in your country were not yet allowing the use of bitcoin but also not considered as not legal but here there is these kind of small store owner that willing to adopt the fast changing technology. It's amazing to know that these kind of small business owner were also capable of adopting the digital finance and this is probably one of the good result of having bitcoin circulating in economy of one country.
things like this must be published throughout the world so that it can be considered by countries in the world to adopt bitcoin as payment. it seems that the shop owner has had experience with bitcoin, so the shop owner has understood the bitcoin mechanism periodically to use bitcoin well in the shop.
Positive things about the adoption of Bitcoin should be spread widely, so that many other shop owners are also interested in accepting Bitcoin payments.
Especially in countries that have legalized Bitcoin as a payment, a lot of education should be done regarding the benefits of accepting Bitcoin
payments. Since most store owners have not adopted Bitcoin, because they don't really understand Bitcoin. In fact, many people still
misunderstand Bitcoin, because quite a lot of Bitcoin haters are spreading misleading information. This is actually the task of all of us who
already understand Bitcoin to try to provide education about Bitcoin, starting with the nearest environment first. Because with more and more
people educating about Bitcoin, the adoption process should also run faster.
Thanks OP for this interview with the owner of a store that accepts bitcoin in your city.
Your reaction to seeing the store also fills me with emotion.
I was left with the doubt Where is the store located?
Every day I am motivated to introduce people to bitcoin and the crypto space.
At the moment I am doing it with my closest relatives, then I would like to do it from my neighborhood.
I think that if we take the initiative we can contribute to making bitcoin known to more people around the world.
Your reaction to seeing the store also fills me with emotion.
I was left with the doubt Where is the store located?
Every day I am motivated to introduce people to bitcoin and the crypto space.
At the moment I am doing it with my closest relatives, then I would like to do it from my neighborhood.
I think that if we take the initiative we can contribute to making bitcoin known to more people around the world.
things like this must be published throughout the world so that it can be considered by countries in the world to adopt bitcoin as payment. it seems that the shop owner has had experience with bitcoin, so the shop owner has understood the bitcoin mechanism periodically to use bitcoin well in the shop.
This is such a great idea! My friend recently convinced their parents to accept Bitcoin at their family restaurant.
Will see if I can get an interview with them!
Nice one, this is a pretty awesome one, a family owned restaurant is a bit different although not altogether unique, I will go on a wild guess that the youngest or probably the children in the family is the one that has encourage this people. Will see if I can get an interview with them!
From what I've seen and observed on the conversation, Bitcoin is really beneficial for business owners as well as crypto users customers. It provides convenience and profit at the same time. I also have a friend who switched to Bitcoin payment and he's enjoying it so far though some customers still prefer fiat payment. I'm sure that the time will come that more people would see the worth of Bitcoin payment.
~snip~
The images are taken from Google just for reference purposes and yes they are not the original ones as they have not been shared for the privacy purposes and the main purpose was just to give the reference of the interview to the grocery store but the interview was conducted actually.
This is such a great idea! My friend recently convinced their parents to accept Bitcoin at their family restaurant.
Will see if I can get an interview with them!
Will see if I can get an interview with them!
Rest some privacy is also needed
If you're responding to concerns [@mine and @Darker45] in regards to showing an image with the BTCitcoin accepted sign, then you should remove both of the images that you've included [despite making them smaller and cropping one of them, both of them "easily" showed up when I reverse image searched them (as a proof, there's a letter "M" somewhere in the middle of the store's name)].- When you take an image from somewhere else, you should always include the source!
- I spent 10 minutes looking through the images that the customers have posted and I couldn't find a single image showing that they're accepting BTCitcoin in their store...
- I'm not implying that you've lied, but you should really include an image that shows that's the case.
It looks like an image grabbed from somewhere online.
and whether they were actual photos
The other two images were taken from two different sources, but I can confirm that both of them belong to a single store. 
This sounds pretty good.
However, pardon my skepticism but it seems there isn't a single proof that this store actually exists and that this interview actually took place at all. I hope I'm wrong, though.
Isn't it more interesting to share a picture of the actual store along with the signage saying it accepts Bitcoin rather than just a couple of shots showing items inside a random grocery store? Also, I highly doubt this "BTC bitcoin accepted here" photo is also taken from the business establishment itself. It looks like an image grabbed from somewhere online.
And you're also saying you were just passing by the road, see a board up the store that bitcoin payments are accepted, and immediately meet the owner, had a long discussion with him, and finally interviewed him?
Finally, your interview is unplanned and random or impromptu. It doesn't appear so.
However, pardon my skepticism but it seems there isn't a single proof that this store actually exists and that this interview actually took place at all. I hope I'm wrong, though.
Isn't it more interesting to share a picture of the actual store along with the signage saying it accepts Bitcoin rather than just a couple of shots showing items inside a random grocery store? Also, I highly doubt this "BTC bitcoin accepted here" photo is also taken from the business establishment itself. It looks like an image grabbed from somewhere online.
And you're also saying you were just passing by the road, see a board up the store that bitcoin payments are accepted, and immediately meet the owner, had a long discussion with him, and finally interviewed him?
Finally, your interview is unplanned and random or impromptu. It doesn't appear so.
I agree. Op author (aysg76) should address each of these points that you made and provide use with an explanation regarding both the reason for the chosen photos (and whether they were actual photos and why not) and the mechanics getting from meeting the supposed store owner and getting the actual interview.. including whether he recorded the interview in order to be able to exactly quote what the supposed store owner said. Was the interview in English? Asian location so what language? I would not want aysg76 to compromise his own opsec or the opsec of anyone else, although I would consider that the actual store owner's accepting bitcoin may well want to attract potential bitcoin paying customers... so should actually consider whether he was NOT wanting customers to know some of his interview answers.. which surely could be the case, too.
This was a very good read. Looks like the store owner knows what he is doing. Even if he doesn't get many customers that are willing to pay in bitcoin, at least he is helping spread the word about bitcoin. More people will be curious about it and will eventually start learning about crypto currencies.
In Q3 he says its better than fiat because fiat transactions "can prohibit users (from) making transactions and ask (for) documentations". If bitcoin is regulated in his country, he will also have to provide documentations and go through KYC process before he can convert his bitcoin to fiat. He also says that he converts his btc earning to fiat at the end of the month. What if the market crashes? How is he going to deal with the losses?
In Q3 he says its better than fiat because fiat transactions "can prohibit users (from) making transactions and ask (for) documentations". If bitcoin is regulated in his country, he will also have to provide documentations and go through KYC process before he can convert his bitcoin to fiat. He also says that he converts his btc earning to fiat at the end of the month. What if the market crashes? How is he going to deal with the losses?
let's continue the spread of bitcoin, and can be accepted in all stores, which can certainly benefit both parties, between buyers and recipients, bitcoin is now very popular, there are even countries that have legalized bitcoin, but unfortunately in my country there are no shops who accept bitcoin, I hope in the future there will be a shop that accepts bitcoin in my country..
Thanks to all of you for your great response and liking this interview session.It was totally unexpected for me also as it was just a normal day for me and wasn't expecting such a meeting with bitcoin enthusiast who is optimistic like all of us and free from any issues and happy to accept Bitcoin payments.
To answer some of your above questions I belong to an Asian metropolitan city with a population of around 8 Million and not many stores are accepting bitcoin around us as btc is not legal but it's also not ban which means you can trade in it.The store owner usually convert his btc holding to fiat by selling it on P2P basis locally or sell them other ways he find suitable and have cash in his account.The taxation system are like any gains for bitcoin are termed under income from capital gains but seeing his starting base he would not come under tax slab and even if he comes he don't find any problem to it.Rest some privacy is also needed but will try to visit him frequently and whenever i visit him again and buy groceries from him i will try to paste the transaction here for all of you.
It was great experience meeting him and hope to see more stores follow him the same way and bitcoin becomes normal for payment.
To answer some of your above questions I belong to an Asian metropolitan city with a population of around 8 Million and not many stores are accepting bitcoin around us as btc is not legal but it's also not ban which means you can trade in it.The store owner usually convert his btc holding to fiat by selling it on P2P basis locally or sell them other ways he find suitable and have cash in his account.The taxation system are like any gains for bitcoin are termed under income from capital gains but seeing his starting base he would not come under tax slab and even if he comes he don't find any problem to it.Rest some privacy is also needed but will try to visit him frequently and whenever i visit him again and buy groceries from him i will try to paste the transaction here for all of you.
It was great experience meeting him and hope to see more stores follow him the same way and bitcoin becomes normal for payment.
What a great interview and a brave store owner. BTC is so unpredictable in his jumps that store might have a lot of losses out of nowhere. I knew that there are such stores and was always interested how they deal with ever-changing variations of BTC’s price. I read in one article that sellers doesn’t count price in BTC for each individual product, they count overall cost for goods the client buy in dollars and then convert in BTC by fixed market price on the moment of sale. If they have another national currency (not dollar) then they firstly convert in dollars and then in BTC. This moment is missed in the interview. Does your shop owner doing the same?
Bitcoin is also not too picky about users as store customers pay with their Bitcoin regularly. The shop owner is also a business minded person. Surely he has made a good profit during the time he holds his Bitcoin.
Similar stories like this are happening in many places as far as I knowSimilar stories like this are happening in many places as far as I know The activity of accepting Bitcoin for payment has been going on for a long time in many parts of the world.
Similar stories like this are happening in many places as far as I knowSimilar stories like this are happening in many places as far as I know The activity of accepting Bitcoin for payment has been going on for a long time in many parts of the world.
The pain point for merchants, as he answered in his question about risk-free is how he stores value.
Store owner is actually just a middle point between the retailers he buys from and anyone who runs a store knows he gets his items all stocked from credit. So let's say every month he has a credit from the retailers on food etc at $1000. Which at the end of the month he has to pay back $1000 plus whatever interest.
But if he accepts Bitcoin he has to constantly be aware of his line of credit and repayments. A bad crash can wipe out a business, hence their desire to protect in stablecoin, not the assets, but the value.
Store owner is actually just a middle point between the retailers he buys from and anyone who runs a store knows he gets his items all stocked from credit. So let's say every month he has a credit from the retailers on food etc at $1000. Which at the end of the month he has to pay back $1000 plus whatever interest.
But if he accepts Bitcoin he has to constantly be aware of his line of credit and repayments. A bad crash can wipe out a business, hence their desire to protect in stablecoin, not the assets, but the value.
I had a similar experience with a tyre fitment centre in my city. I had a worn tyre that had to be replaced and I walked into the shop and there it was "Bitcoin Accepted here" sticker on the counter. I then ordered 2 tyres and I paid with my mobile wallet, but things did not go as planned... because the merchant struggled with "BitPay" and with his accounting system.
The payment with Bitcoin took longer than the fitment and balancing of the 2 tyres.
The transaction was successful, but a few weeks after that, the merchant phoned me and asked me if I can come back and if I can pay with cash, because BitPay had issues validating their wallet and they limited or blocked their account. (He has since stopped accepting Bitcoin as a payment option)
So, until we find a way to eliminate the 3rd party intermediaries (centralized services) ... Merchant adoption of Bitcoin as a payment option will be stalled.... hopefully the Lightning Network will solve these issues.
The payment with Bitcoin took longer than the fitment and balancing of the 2 tyres.
The transaction was successful, but a few weeks after that, the merchant phoned me and asked me if I can come back and if I can pay with cash, because BitPay had issues validating their wallet and they limited or blocked their account. (He has since stopped accepting Bitcoin as a payment option) So, until we find a way to eliminate the 3rd party intermediaries (centralized services) ... Merchant adoption of Bitcoin as a payment option will be stalled.... hopefully the Lightning Network will solve these issues.
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