Topic: Way to make people use BTC (Read 2982 times)
This is an excellent idea.
Give them discounts for using bitcoins would be my suggestion.
Only thing is, what is in it for the merchants to do this? They accepted BTC as a payment method, because it's cheaper than the other options, like debit cards and credit cards. Now all of this profit from the lower transaction cost is absorbed, in giving discounts for people who use this as their preferred payment method.
Only option in my opinion, is to give discount in the first few months, until enough people were exposed to this and adoption of BTC increased.
If DELL did this, they would have seen explosive sales figures.
Give them discounts for using bitcoins would be my suggestion.
I agree with you.it's a better way to spread Bitcoin.
I'm pretty sure its possible to have the lastest btc price on a small lcd screen or on a Minitor facing the people coming in. usd to btc pricing also isn't that hard. I'm wondering if anyone will make a crypto calculator that connects via wifi and tells the latest btc prices.
Edit:
And calculator would one like you hold in your back pack or pocket.
Edit:
And calculator would one like you hold in your back pack or pocket.
I don't know of any government or commercial lessor who would allow a bitcoin-only store to exist.
I'll stop accepting cash for my hoard (and only accept BTC) if people actually buy it.
I'll stop accepting cash for my hoard (and only accept BTC) if people actually buy it.
Be aware that (at least in some jurisdictions) it is illegal not to accept local (government issued) fiat currecy in trades.
Which jurisdictions? Is this US included in this jurisdiction? I've seen a few soap shops that only accept BTC.
As far as trades are concerned, there are some loopholes because of which these BTC exchanges exist.
I believe we should make a list of shops and cities where bitcoins are accepted, will be lengthy and tiresome, but will definitely help spread the word, and if the BTC only stores get visited more often, might as well help persuade their neighbors to join in.
Be aware that (at least in some jurisdictions) it is illegal not to accept local (government issued) fiat currecy in trades.
Which jurisdictions? Is this US included in this jurisdiction? I've seen a few soap shops that only accept BTC.
Well I am not from the US, but it seems so.
(...)
it's even illegal in fact.
If you offer a service and demand payment for that service you are forced by law to accept government issued currency. At least in most countries. (maybe not for all countries).
I can recall a case where some insurance company refused to accept banknotes (they wanted only bank transfers) and they lost the case. They were forced to accept bank notes.
You can bypass this law by having 1 cash register and plenty of bitcoin registers. If people absolutely want to pay with cash give them the worst cash-out experience possible.
it's even illegal in fact.
If you offer a service and demand payment for that service you are forced by law to accept government issued currency. At least in most countries. (maybe not for all countries).
I can recall a case where some insurance company refused to accept banknotes (they wanted only bank transfers) and they lost the case. They were forced to accept bank notes.
You can bypass this law by having 1 cash register and plenty of bitcoin registers. If people absolutely want to pay with cash give them the worst cash-out experience possible.
Discounts for bitcoin payers is the best. This wya they get to be interested what its about. You can also provide a service where they could purchase bitcoins.
Be aware that (at least in some jurisdictions) it is illegal not to accept local (government issued) fiat currecy in trades.
Which jurisdictions? Is this US included in this jurisdiction? I've seen a few soap shops that only accept BTC.
Give them discounts for using bitcoins would be my suggestion.
i would be very much interested in a list of vendors giving discounts for using BTC
Give them discounts for using bitcoins would be my suggestion.
Best suggestion!
Give them discounts for using bitcoins would be my suggestion.
I agree with you. Only in this way can help people better understand how Bitcoin work.
Don't you legally have to accept cash?
I can't imagine many places where they would let you get away with this.
Maybe there is some tricky legal way to get around it, like forcing people to buy btc coins before buying something but I'm not so sure.
I can't imagine many places where they would let you get away with this.
Maybe there is some tricky legal way to get around it, like forcing people to buy btc coins before buying something but I'm not so sure.
I was actually thinking that to, but wasn't positive.
In the UK stamps are even legal tendar aren't they ?
anyways once the price has stablisrd for a long long time I think the averag person would be happy to use bitcoin to actually buy stuff.. and not worry their $4 coffee today could be worth $4000 tomorrow.
Or just have some celeb twitter about BTC, that should do the trick.
In the UK stamps are even legal tendar aren't they ?
Be aware that (at least in some jurisdictions) it is illegal not to accept local (government issued) fiat currecy in trades.
anyways once the price has stablisrd for a long long time I think the averag person would be happy to use bitcoin to actually buy stuff.. and not worry their $4 coffee today could be worth $4000 tomorrow.
Or just have some celeb twitter about BTC, that should do the trick.
HI,
Thank you for the suggestions
All i mean is that is good to have one place where it is clearly stated that no other money is accpeted here! If you want to use the service inside you have to convert your cash into BTC . People will not get scared, because you will not be some street vendor or a hobo. I am talking about something huge like a bar for example, where you will pay after using the service.
Thank you for the suggestions
All i mean is that is good to have one place where it is clearly stated that no other money is accpeted here! If you want to use the service inside you have to convert your cash into BTC . People will not get scared, because you will not be some street vendor or a hobo. I am talking about something huge like a bar for example, where you will pay after using the service.
it's even illegal in fact.
If you offer a service and demand payment for that service you are forced by law to accept government issued currency. At least in most countries. (maybe not for all countries).
I can recall a case where some insurance company refused to accept banknotes (they wanted only bank transfers) and they lost the case. They were forced to accept bank notes.
You can bypass this law by having 1 cash register and plenty of bitcoin registers. If people absolutely want to pay with cash give them the worst cash-out experience possible.
If you offer a service and demand payment for that service you are forced by law to accept government issued currency. At least in most countries. (maybe not for all countries).
I can recall a case where some insurance company refused to accept banknotes (they wanted only bank transfers) and they lost the case. They were forced to accept bank notes.
You can bypass this law by having 1 cash register and plenty of bitcoin registers. If people absolutely want to pay with cash give them the worst cash-out experience possible.
But isn't what he is suggesting basically the same as what happens in a casino, for example? They do accept fiat, but force you to convert it to their "currency" before you can use their services/games. So, provided they have the btc ATM at the door (that is, provide a way for people to convert government issued currency), how would it be any different?
PS: the "dollars not accepted here" sign should have the $ and/or dollars crossed out or something.
It opens up a new income stream for the "owner"
If you tell him, how many BTC is in circulation, and he can get a piece of that pie, by adopting this currency, he might consider it. The early adopters will get new customers and more feet into his business.
And this is just an experiment, to show people how the currency works. {Introduction to BTC}
If you tell him, how many BTC is in circulation, and he can get a piece of that pie, by adopting this currency, he might consider it. The early adopters will get new customers and more feet into his business.
And this is just an experiment, to show people how the currency works. {Introduction to BTC}
And (at least here where I live - countrywise) it's amazing to notice that the huge majority of the people (including here merchants) are not at all acquainted to Bitcoin: some have never even heard about it, and of those who have already heard about it most have incredible fears and misconceptions.... It must be changed somehow...
As raganius mentioned, it would be good for the merchant to accept both bitcoin and fiat. I think accepting fiat and having a bitcoin tip jar next to the register would work well (http://youtu.be/UrXVVkV5UUk). I don't have a lot of coins in my pocket and I don't want to tip someone $1 for a cup of coffee, so I don't leave a tip. If I can just pull out my phone and leave a tip, that would be great. They could even print the QR code on the receipt. I'll leave a tip if I'm settled down or after a big meal. I'm not breaking any laws or purchasing any goods, just leaving a tip.
Great idea, indeed!
I am working on a concept that I was completely through with in my first career because of the ugly truth that is central banking and fractional reserve banking. I am interested at first in only working in luxury real estate markets and will have listings in Washington DC, Seattle, and Northwest Arkansas(Walmart) when I go live. I am confident that we will have all the pieces in place to close any real estate transaction internationally very soon after the roll out of the first 3. You can spend any $$$$$$$$ in any real estate market globally for bitcoin as the down payment 10-20% or make the entire purchase as Bitcoin, and be confident that the transaction will go as smoothly as only the best professionals in the area you are interested in can offer. If you are interested on getting updates click the Coin.estate to the Coming Soon landing page link in my Signature and let me know your email address.
Cheers
V. Leroy Brown
It opens up a new income stream for the "owner"
If you tell him, how many BTC is in circulation, and he can get a piece of that pie, by adopting this currency, he might consider it. The early adopters will get new customers and more feet into his business.
And this is just an experiment, to show people how the currency works. {Introduction to BTC}
If you tell him, how many BTC is in circulation, and he can get a piece of that pie, by adopting this currency, he might consider it. The early adopters will get new customers and more feet into his business.
And this is just an experiment, to show people how the currency works. {Introduction to BTC}
And (at least here where I live - countrywise) it's amazing to notice that the huge majority of the people (including here merchants) are not at all acquainted to Bitcoin: some have never even heard about it, and of those who have already heard about it most have incredible fears and misconceptions.... It must be changed somehow...
As raganius mentioned, it would be good for the merchant to accept both bitcoin and fiat. I think accepting fiat and having a bitcoin tip jar next to the register would work well (http://youtu.be/UrXVVkV5UUk). I don't have a lot of coins in my pocket and I don't want to tip someone $1 for a cup of coffee, so I don't leave a tip. If I can just pull out my phone and leave a tip, that would be great. They could even print the QR code on the receipt. I'll leave a tip if I'm settled down or after a big meal. I'm not breaking any laws or purchasing any goods, just leaving a tip.
Great idea, indeed!
As raganius mentioned, it would be good for the merchant to accept both bitcoin and fiat. I think accepting fiat and having a bitcoin tip jar next to the register would work well (http://youtu.be/UrXVVkV5UUk). I don't have a lot of coins in my pocket and I don't want to tip someone $1 for a cup of coffee, so I don't leave a tip. If I can just pull out my phone and leave a tip, that would be great. They could even print the QR code on the receipt. I'll leave a tip if I'm settled down or after a big meal. I'm not breaking any laws or purchasing any goods, just leaving a tip.
Jump to: